Ripple Believes its Stablecoin, RLUSD, Will Help XRP

The recent XRP Ledger Apex Summit 2024 revealed massive developments regarding Ripple's upcoming stablecoin. Chief Technology Officer David Schwartz clarified different things behind the company's new asset.

After launching its new stablecoin, RLUSD, Ripple believes that it will help its cryptocurrency, XRP, grow in the market.

The company also clarified that its new stablecoin will not overshadow XRP and will instead provide a more stable experience for its crypto offers, delivering a mutually beneficial experience.

It is known that Ripple's stablecoin is pegged to the US dollar and will vary greatly in the tender, similar to what others offer.

During the recent XRP Ledger Apex Summit 2024, several developments were revealed regarding Ripple's upcoming stablecoin. Chief Technology Officer David Schwartz clarified different things behind the company's new asset.

Schwartz clarified that instead of overshadowing XRP, the RLUSD stablecoin would help the cryptocurrency see advantageous market results.

Schwartz was asked about the clarity behind this massive shift from XRP to stablecoins, especially as regular crypto is best regarded as volatile in nature.

Contributing further explained that RLUSD would help to "fully deploy" XRP's strengths in the market, offering 'optimized' entry and exit gateways for XRP.

Moreover, Schwartz regarded RLUSD as not a 'threat' to XRP's current position, claiming it will see a 'synergistic' relationship when the stablecoin arrives.

RLUSD will soon work wonders for XRP, helping it unlock its 'full potential' in the market. The close ties between its two crypto assets will complement each other.

News source：https://www.kdj.com/cryptocurrencies-news/articles/ripple-believes-stablecoin-rlusd-xrp.html

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