Ripple's Stablecoin Details Will Be Revealed at the Upcoming XRPL Apex Event


According to Foresight News, Ripple's Chief Technology Officer David Schwartz announced that details about Ripple's stablecoin will be revealed at the XRPL Apex event in Amsterdam next month. The stablecoin is backed at a 1:1 ratio by U.S. dollar deposits, U.S. government bonds, and other low-risk investments. This announcement was made at a recent XRP conference in Las Vegas.
Earlier this year, in April, Ripple announced plans to launch a U.S. dollar-backed stablecoin. The imminent disclosure of the stablecoin's details is eagerly awaited by the crypto community, as it will provide more insight into Ripple's strategy and stablecoin's potential impact on the crypto market.
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