Stablecoin

2024

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<ul>
 <li>Ripple&nbsp;is likely to&nbsp;pivot away from XRP sales, focusing on diverse revenue streams.</li>
 <li>Ripple’s&nbsp;acquisition of Metaco and Standard Custody expands its infrastructure and income sources.</li>
 <li>Ripple may launch a new stablecoin aligning with&nbsp;Europe’s&nbsp;MiCA regulations for strategic growth.</li>
</ul>
Ripple released its official Q1 2024 report yesterday, revealing significant strategic shifts&nbsp;that are&nbsp;drawing attention in the crypto community. Popular Udemy instructor and crypto analyst, the Bearable Bull, shared his insights on the report, outlining&nbsp;key&nbsp;plans for Ripple.
The Bearable Bull suggests Ripple is likely beginning to pivot away from XRP sales as the main income stream. XRP prices can be stabilized by reducing the supply of XRP, as well as Ripple’s revenue streams could be diversified. The Q1 2024 report highlights advancements within the XRP Ledger that&nbsp;don’t&nbsp;rely on XRP sales.&nbsp;
Notably, the introduction of XLS-30, a non-custodial automated market maker (AMM) on&nbsp;XRPL’s&nbsp;decentralized exchange (DEX), shows&nbsp;Ripple’s&nbsp;commitment to improving platform functionality and liquidity.
Ripple’s&nbsp;acquisition of Metaco and Standard Custody represents a massive infrastructure play. These acquisitions aim to provide another income stream through custody services. Ripple is also enhancing&nbsp;XRPL’s&nbsp;integration capabilities with partnerships with Axelar and Zoniqx, which could streamline real-world asset tokenization.
There is significant speculation&nbsp;about&nbsp;Ripple’s&nbsp;new ventures, including an IPO, a new stablecoin, or the XR ETF. The Bearable Bull believes Ripple may launch a stablecoin aligning with&nbsp;Europe’s&nbsp;MiCA regulations.&nbsp;This&nbsp;could provide a new income stream and strategically position Ripple to capture market share from established stablecoins like Tether.&nbsp;
The Q1 2024 report also details a significant increase in on-chain transactions and new features like auto-bridging, which uses XRP to facilitate trades.
Ripple’s&nbsp;stablecoin could potentially replace part of&nbsp;Tether’s&nbsp;market share, especially as US regulators intensify scrutiny on Tether.&nbsp;Ripple’s&nbsp;efforts to increase&nbsp;XRPL’s&nbsp;liquidity and trading efficiency, highlighted in the Q1 report, could provide a strong foundation for the new stablecoin.&nbsp;
Additionally, minimizing XRP sales could&nbsp;support a rise in&nbsp;XRP prices, aligning with&nbsp;Ripple’s&nbsp;long-term objective of supporting&nbsp;XRP’s&nbsp;value growth.
Looking ahead,&nbsp;Ripple’s&nbsp;future in the crypto industry looks promising. With ongoing technological advancements, strategic acquisitions, and new product launches, Ripple is well-positioned for sustained growth and innovation.
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The post <a href="https://cryptonewsland.com/why-ripples-2024-outlook-is-exciting-pivoting-from-xrp-sales-to-stablecoin-innovations-and-ipo/" rel="noopener noreferrer nofollow">Why Ripple’s 2024 Outlook Is Exciting: Pivoting from XRP Sales to Stablecoin Innovations and IPO</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Why Ripple’s 2024 Outlook Is Exciting: Pivoting from XRP Sales to Stablecoin Innovations and IPO

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