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Ripple Plans Dollar backed stable coin CNBC https://t.co/8SGIZ2RP39 pic.twitter.com/MvlWFfWF0j
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) April 4, 2024
1/ The stablecoin market is booming – around $150B today, and projected to soar past $2.8T by 2028. There's a clear demand for trust, stability, and utility.
— Ripple (@Ripple) April 4, 2024
That's why later this year we’re launching a stablecoin pegged 1:1 to the USD on the XRP Ledger and Ethereum.…
Team Ripple
Daniel Kuhn
[1/🧵] @Ripple announced today that they will introduce a new stablecoin pegged 1:1 to the US dollar.
— Krippenreiter (@krippenreiter) April 5, 2024
🔸 Does this imply that XRP is doomed? 🤨
Let's learn together to fully understand the bigger picture. 👇 pic.twitter.com/NjvkdYCPDK
Launching a stablecoin is a natural step for Ripple as we bridge the gap between traditional finance and crypto. We have 1/ the years of experience 2/ regulatory footprint 3/ a strong balance sheet and 4/ a network with near global payout coverage, to offer the best of… https://t.co/GlyqhYl9ES
— Brad Garlinghouse (@bgarlinghouse) April 4, 2024
I realize it’s importance, just trying to grasp how it will work in payments with XRP. I understand its benefit to the XRPL DEX. The auto-bridging function on the XRPL allows efficiency in stablcoin trading and the stablecoins minimize volatility which is important to DeFI… https://t.co/djuSMme3Yx
— bill morgan (@Belisarius2020) April 4, 2024
Stablecoins play a vital role as on/off ramps to USD. In the wake of last year’s banking crisis, they’re necessary for traditional institutions (esp in the US) to access crypto markets. I’m incredibly excited for Ripple to fill a key need in the market with our stablecoin! https://t.co/9KjfuYIM9e
— Monica Long (@MonicaLongSF) April 4, 2024
@Ripple's stablecoin announcement moves us one step closer to onchain FX. I believe and hope the end game is to stay onchain, transfer onchain, pay onchain, do everything onchain, and enable interoperability among systems. There will be no need to offramp and exit to the… https://t.co/p1sNS5RrhX
— Panos 🔼{X} (@panosmek) April 4, 2024
Now we are fucking talking. Super excited about this. This is not just great for the XRPL ecosystem and its AMM, but also the whole industry. I hope this is just the beginning and Ripple launches more fiat stablecoins such as EUR, GBP, JPY, and more. https://t.co/kemDhFg0u9
— Panos 🔼{X} (@panosmek) April 4, 2024
