- Targets regulated markets and expands XRP Ledger utility.
- Stablecoin aims to connect traditional finance with digital currencies.
- Increased traffic to XRP Ledger expected to benefit the proposed stablecoin.
Ripple is poised to launch a U.S. dollar-backed stablecoin, aiming to enhance liquidity and expand utility across its XRP Ledger and Ethereum platforms. Reece Merrick, Ripple’s Middle East and Africa Managing Director, confirmed this strategic move despite ongoing legal battles with the SEC. This stablecoin promises to bolster Ripple’s offerings in regulated markets and foster a more robust infrastructure for both institutional and decentralized finance.
#Ripple's Managing Director for the Middle East and Africa, Reece Merrick, confirms that the company is ready to launch its stablecoin amidst ongoing uncertainty in the SEC vs. #XRP case.Get ready for the ride! pic.twitter.com/PluB7543oP
— Collin Brown (@CollinBrownXRP) June 10, 2024
This launch marks a significant milestone for Ripple, representing its latest effort to bridge the gap between traditional financial systems and the evolving digital currency space. By deploying the stablecoin on both the…
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