Ripple's USD Backed Stablecoin
Hi, friends welcome to another blog today I will talk about XRP's stablecoin we have many stablecoins in the crypto market but still we need more stable coins So what is the reason, we need more diversification you want to diversify your fund because we have seen many bad experiences with stablecoins so it is better to have many stablecoins so that we can choose a better option in the emergency. XRP is a very popular and trusted project in the market which is why its stablecoin matters a lot.
So this stablecoin will be backed by the US dollar. According to data the data ripple will compete directly with USDT and USDC in the coming 5 years. Ripple expects that the 2028 Stablecoin market will reach 2 trillion-plus. By Ripple's Chief Technology Officer David Schwartz, a statement was issued in this regard, according to which Stablecoin will initially be released on Ripple Ledger & Ethereum Blockchain. Talking about the ticker then there is currently no information about what the ticker of this stablecoin will be and what it will be called, but Schwartz said about this so according to Schwartz, for now, it will have to be called Ripple or ripple Stablecoin. This means there is no specific name planned for this particular currency.
Tune into the start words according to Schwartz stablecoin ecosystem is not that robust and diverse because of these reasons XRP firm trying to launch a stable coin for the last year and according to the team XRP, this stablecoin will make the stablecoin ecosystem more diverse and robust. In the market, we already have two big players tether and Circle Tether is the oldest player in the market when it comes to the stablecoin industry but now we have one more option which is a ripple stablecoin.
Ripple is known for its development and trust which is why the team will work great for the stablecoin and provide better service to holders so now people will have one more option as a stablecoin and this is obvious for all of us and when it comes to the listing this particular coin will get a maximum listing in the market because this is a big project so I’m hoping that this will get listing like tether (USDT) Whenever you see an exchange you can definitely see us USDT there because it has an exchange listing like Bitcoin not equally to bitcoin but it’s also not less than the Bitcoin total listings.
So Tether has more exchange listings which is good. now there is a big competition and that is xrp stable coin so that is what I want to share here what is your opinion regarding this information please use the comment section to share. also, share this post on social media have a good day ahead. thank you.
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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dear first, i am really missing your 3speak vlog, and you shared information about XRP's stablecoin , but dear i came to know that, and many expert saying that if ripple launch its own stable coin, then xrp price will drop , may be crash badly, i do not know, it is true or not , but i think if ripple has its own stable coin, back then xrp price should go to 100 dollar, but what do you say, ?
dear first, i am really missing your 3speak vlog, and you shared information about XRP's stablecoin , but dear i came to know that, and many expert saying that if ripple launch its own stable coin, then xrp price will drop , may be crash badly, i do not know, it is true or not , but i think if ripple has its own stable coin, back then xrp price should go to 100 dollar, but what do you say, ?
Thanks bro I will be back after ramzan. And you said very well.