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The coin’s value rose from $1.98 to a high of $2.46, amid news that Ripple’s highly-anticipated stablecoin, which has been in development since April, is preparing to debut.
Ripple Labs is planning to launch an XRP-based stablecoin, dubbed Ripple USD. This coin should always be worth $1, with trading enabled across the XRP and Ethereum (CRYPTO: ETH) blockchain ledgers ...
Ripple also just recently rolled out a U.S. dollar stablecoin, called RLUSD. Stablecoins are digital assets pegged to a currency or commodity to take advantage of the characteristics of a digital ...
Ripple’s dollar-backed stablecoin, known as RLUSD, launched today on several global crypto exchanges. RLUSD is now XRP ledger, a blockchain created by Ripple Labs alongside its native token, XRP.
For example, Ripple is getting ready to launch a new dollar-linked stablecoin (known as Ripple USD) for the $150 billion stablecoin market. If Ripple USD is able to take over even a tiny portion ...
Ripple, a leading provider of digital asset infrastructure for financial institutions that leverages XRP, is ready to launch its own stablecoin — pending regulatory approval.
Shortly after the XRPL was launched, McCaleb, Britto and Chris Larsen founded the company Open Coin in September 2012 to operate on the ledger. On September 26, 2013, OpenCoin officially changed its name to Ripple Labs, Inc. Unlike many cryptocurrencies, XRP was pre-mined, with 100 billion tokens created at inception.
Today, XRP is trading at $1.70, making it the fifth largest cryptocurrency in the world with over a $99 billion market cap. By issuing a regulated stablecoin, Ripple will be able to offer a steady ...
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