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The Crypto Roundup: E4
This week, we're discussing the meteoric rise of XRP, which has overtaken Tether’s USDT to become the world's third-largest crypto. We'll also explore Ripple’s upcoming stablecoin, RLUSD, set to launch on Dec. 4 with NYDFS approval.
But that's not all. We'll dive into the implications of XRP flipping Solana's market cap and soaring to a seven-year high, largely due to South Korean traders. We'll also discuss the role of stablecoins in the broader crypto market, with insights from the former Facebook executive who claims the Diem/Libra stablecoin fell victim to a 'political kill'.
In the broader financial landscape, we'll explain the concept of de-dollarization, why it's been in the news recently, and why former President Trump warned Brics nations against it. We'll also explore the potential implications of de-dollarization for the global economy.
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