One of the most established teams in the cryptocurrency markets RippleA very important step came out of it. The company has announced that it will produce a stable coin. The stablecoin, which will appear as a dollar-indexed crypto asset, will first be used in the US. The company will create a $1 reserve for each stablecoin it launches. These reserves are determined by independent organizations that have not yet been made public. will be inspected.

Stable coins are crypto assets indexed to commodities such as dollars, euros and gold. The most popular of these is Tether (USDT). The company adds $1 to its reserve for every 1 USDT it releases. So USDT is always at the 1 dollar level. Here is the Ripple team a similar one study will make.

Why will Ripple launch its own stablecoin?

Ripple’s plan to create its own stablecoin new is not there announced. The official statement stated that the past events were taken into account and there were some accusations about Tether, which is why they decided to produce their own stable coin. Also for the development of Ripple alternative will be produced specified.

What happens to XRP?

Ripple network, so farXRPIt used a crypto asset known as “. The creation of a new stablecoin would not change anything for XRP. will not lead. XRP will now be used for the same purposes as in the past. Stable coin is next to XRP. supplement will be added as . Let’s see how this situation will affect the XRP and Ripple ecosystem…