$XRP Ripple is about to launch a stablecoin pegged to the US dollar, aiming to expand DeFi and institutional markets Ripple has announced an ambitious plan to launch a stablecoin pegged to the U.S. dollar, a move expected to attract widespread attention in the cryptocurrency market. The stablecoin will initially be available on the XRP Ledger and Ethereum blockchains, both of which are currently up 2.66% respectively. In a statement, Ripple President Monica Long stressed that this move will open up new opportunities for institutional and decentralized finance (DeFi) use cases across multiple ecosystems.
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