@dimakorz
Ripple, the company behind XRP, has launched a new stablecoin on the XRP Ledger. Fully backed by U.S. dollar deposits and short-term U.S. government treasuries, this stablecoin aims to compete with Tether (USDT) and USD Coin (USDC). The goal is to enhance liquidity and introduce new use cases for the XRP Ledger  .
This is a significant move for Ripple. Introducing a stablecoin can boost the utility of the XRP Ledger and support Ripple’s mission of facilitating low-cost international transactions. Competing with established stablecoins will be challenging, but success could increase adoption and market stability for Ripple’s products.
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