Stablecoin

Ethereum

2024

<ul class="news-points">
 <li><strong>Targets regulated markets and expands XRP Ledger utility.</strong></li>
 <li><strong>Stablecoin aims to connect traditional finance with digital currencies.</strong></li>
 <li><strong>Increased traffic to XRP Ledger expected to benefit the proposed stablecoin.</strong></li>
</ul>
<p>Ripple is poised to launch a U.S. dollar-backed stablecoin, aiming to enhance liquidity and expand utility across its XRP Ledger and Ethereum platforms. Reece Merrick, Ripple’s Middle East and Africa Managing Director, confirmed this strategic move despite ongoing legal battles with the SEC. This stablecoin promises to bolster Ripple’s offerings in regulated markets and foster a more robust infrastructure for both institutional and decentralized finance.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ripple</a>'s Managing Director for the Middle East and Africa, Reece Merrick, confirms that the company is ready to launch its stablecoin amidst ongoing uncertainty in the SEC vs. <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> case.<br><br>Get ready for the ride! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/PluB7543oP" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PluB7543oP</a></p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1800051649559588995?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 10, 2024</a>
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<p>This launch marks a significant milestone for Ripple, representing its latest effort to bridge the gap between traditional financial systems and the evolving digital currency space. By deploying the stablecoin on both the…</p>
<p>The post <a href="https://coinedition.com/ripple-eyes-institutional-market-with-usd-backed-stablecoin/" rel="noopener noreferrer nofollow">Ripple Eyes Institutional Market with USD-Backed Stablecoin</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ripple Eyes Institutional Market with USD-Backed Stablecoin

Coin Edition

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