Ripple plans to issue a stablecoin pegged to the US dollar
According to reports, Ripple will issue a US dollar-backed stablecoin. The company stated that the token is planned to be issued "later this year" and will be "100% backed by US dollar deposits, short-term U.S. government bonds, and other cash equivalents." This stablecoin will first be deployed on Ripple's institution-centric XRP Ledger and Ethereum blockchain, based on the Ethereum ERC-20 token standard.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NSJ Gold closes over-subscribed private placement, raising $1.78 million at $0.3 per share
Xenia Hôtellerie Solution calls extraordinary shareholders’ meeting
Xenia Hôtellerie Solution shareholders vote on EUR 4 million capital increase mandate
Sriwahana Adityakarta holds annual shareholder meeting
Crypto prices
More
