🚨BREAKING🚨 Ripple Prepares To Launch New Stablecoin Pegged To US Dollar, XRP Technical Analysis

In a notable development, blockchain developer Ripple Labs recently announced its plans to launch a stablecoin pegged 1:1 to the US dollar (USD).

Ripple Enters Booming Stablecoin Market
According to the company’s announcement on Thursday, the stablecoin’s reserves will consist of US dollar deposits, short-term US Treasury bills, and other undisclosed cash equivalents. All of these will be audited by a third-party accounting firm. Ripple plans to publish monthly certifications to ensure transparency.

With the stablecoin market currently valued at around $150 billion, Ripple’s entry is significant. The market is projected to exceed $2.8 trillion by 2028, highlighting the potential for growth and adoption.

SOURCE: https://www.newsbtc.com/breaking-news-ticker/ripple-prepares-to-shake-up-150b-market-with-imminent-launch-of-new-stablecoin/

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