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The Daily Hodl 2024-04-04 18:41:09

Ripple Announces Plans To Launch a US Dollar-Pegged Stablecoin on XRP Ledger and Ethereum

Payments platform Ripple is announcing its plans to create a new US dollar-pegged stablecoin on Ethereum (ETH) and the XRP Ledger. In a new press release, Ripple Labs says that its stablecoin, which has yet to be named, will be pegged 1:1 to the US dollar and will be 100% backed up by cash, short-term The post Ripple Announces Plans To Launch a US Dollar-Pegged Stablecoin on XRP Ledger and Ethereum appeared first on The Daily Hodl .

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