Ripple Plans to Launch USD-Pegged Stablecoin

Ripple plans to launch a stablecoin pegged to the U.S. dollar to compete with others like Circle and Tether.

They haven't decided on the name yet but are focusing on compliance and transparency.

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The stablecoin will be backed by U.S. dollar deposits, short-term U.S. Treasurys, and similar assets.

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Ripple will audit the reserve assets regularly and be transparent about them.

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They believe they can be a top player in the stablecoin market due to their credibility and track record.

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This stablecoin will complement their existing services using XRP and help provide liquidity in their ecosystem.

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