Ripple Exec: Our Stablecoin is 'Ready to Go Live'

IconCryptoNewsTerminal Staff11 Jun, 2024

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Ripple Exec: Our Stablecoin is 'Ready to Go Live'

The much-anticipated stablecoin from Ripple is finally ready to go live, according to the company's managing director for the Middle East and Africa, Reece Merrick. "We've been building the infrastructure for the last 12 months," Merrick said in an interview with WatcherGuru. "This is the fruition of that work and it's ready to go live." Ripple CEO Brad Garlinghouse previously said that the company planned to launch its own stablecoin in June. The stablecoin is expected to be pegged to the U.S. dollar and will be used to facilitate cross-border payments. The launch of Ripple's stablecoin is a significant development for the company and the cryptocurrency industry as a whole. Stablecoins are seen as a bridge between the traditional financial system and the world of cryptocurrencies. They offer the stability and liquidity of fiat currencies with the benefits of blockchain technology. Ripple is one of the leading companies in the cryptocurrency space and its stablecoin is expected to be one of the most widely used. The launch of the stablecoin could help to further legitimize the cryptocurrency industry and make it more accessible to mainstream users.

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