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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.
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.
Changelly offered an XRP price prediction of $1.07 at a minimum and $1.26 at a maximum in 2025. The panel of experts polled by Finder pegged XRP at $1.73 by the end of 2025.
That derailed Ripple's operations in the United States and thrust XRP into a state of limbo. In fact, XRP was trading for just $0.50 around the time of the presidential election in November.
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 ...
The XRP price surge also comes as investors bet on the future of Ripple products. Fox Business reported that the company’s long-awaited stablecoin, RLUSD , is poised for regulatory approval in ...
As a result, the price of XRP went literally nowhere for an extended period of time. Even after a nearly 25% boost in the immediate aftermath of the court ruling, XRP trades at just $0.57. Key ...
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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