{"id":165661,"date":"2024-05-06T11:59:28","date_gmt":"2024-05-06T11:59:28","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=165661"},"modified":"2024-05-06T11:59:31","modified_gmt":"2024-05-06T11:59:31","slug":"xrp-stablecoin-on-the-horizon-ripples-cto-hints-at-major-launch-in-june","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/xrp-stablecoin-on-the-horizon-ripples-cto-hints-at-major-launch-in-june\/","title":{"rendered":"XRP Stablecoin on the Horizon: Ripple&#8217;s CTO Hints at Major Launch in June"},"content":{"rendered":"<p style=\"text-align: justify\">\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Ripple\u2019s Stablecoin<\/span><\/strong><span data-preserver-spaces=\"true\">: Ripple is developing a new stablecoin for the XRP Ledger, aiming to provide a stable digital currency backed by U.S. dollar deposits and government securities, which will be detailed at the XRPL Apex event in Amsterdam.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">XRP Ledger Enhancements<\/span><\/strong><span data-preserver-spaces=\"true\">: The XRP Ledger will feature an automated market maker (AMM) and integrate artificial intelligence, enhancing its capabilities for institutional and decentralized finance (DeFi) applications.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Market Response<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: The announcement has positively impacted the market, with XRP\u2019s value increasing by more than 1%, indicating strong market interest in Ripple\u2019s innovative blockchain initiatives.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/ripple\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Ripple<\/span><\/a><span data-preserver-spaces=\"true\">,<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0the renowned blockchain-based payment protocol,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">has hinted at significant advancements in its new stablecoin, which is set to transform the XRPL ecosystem.<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0The revelations came to light at the XRP Las Vegas conference<\/span><span data-preserver-spaces=\"true\">, where Ripple\u2019s<\/span><span data-preserver-spaces=\"true\">\u00a0CTO, David Schwartz, unveiled upcoming integrations with the XRP Ledger, including the much-anticipated stablecoin.<\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Infos about <a href=\"https:\/\/twitter.com\/Ripple?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Ripple<\/a>&#39;s stablecoin is expected to be announced in a month at the XRPL Apex event in Amsterdam &#8211; <a href=\"https:\/\/twitter.com\/JoelKatz?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@JoelKatz<\/a> \ud83d\udd25<br \/> <a href=\"https:\/\/t.co\/wuuhKJ8ot9\" target=\"_blank\">pic.twitter.com\/wuuhKJ8ot9<\/a><\/p>\n<p>&mdash; Jim_Knox (@JimKnox123) <a href=\"https:\/\/twitter.com\/JimKnox123\/status\/1786879789938217135?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 4, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">At the conference,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Schwartz gave a comprehensive overview of the XRP Ledger\u2019s capabilities, encompassing existing features and future developments.<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0His presentation centered on the proposed automated market maker (AMM), a novel lending protocol, and the fusion of artificial intelligence with blockchain technology.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">However, the highlight for many attendees was the announcement of Ripple\u2019s work on a new stablecoin. Schwartz indicated that further details about the stablecoin would be disclosed at the XRPL Apex event, scheduled\u00a0<\/span><span data-preserver-spaces=\"true\">to take place<\/span><span data-preserver-spaces=\"true\">\u00a0in Amsterdam from June 11 to 13.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This announcement has sparked excitement among XRP holders and the broader market, underscoring Ripple\u2019s commitment to expanding its blockchain ecosystem.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">The proposed Ripple stablecoin,<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0seen as a groundbreaking addition to the XRP Ledger,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">aims to be backed by 100% U.S. dollar deposits,<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0short-term U.S. government securities, and other cash equivalents.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The stablecoin is designed to facilitate institutions that have not fully embraced digital assets to transition smoothly into the world of cryptocurrencies and leverage the decentralized nature of the XRP Ledger.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">The XRP Ledger: The Foundation of Ripple\u2019s Stablecoin<\/span><\/h2>\n<p style=\"text-align: justify\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-165663\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/RippleXRPL.jpg\" alt=\"XRP Stablecoin on the Horizon: Ripple's CTO Hints at Major Launch in June\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/RippleXRPL.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/RippleXRPL-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/RippleXRPL-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">A key component of XRP\u2019s strategy is to utilize the ledger\u2019s inherent decentralized exchange and the forthcoming automated market maker to\u00a0<\/span><strong><span data-preserver-spaces=\"true\">foster broader adoption and support new institutional and decentralized finance (<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/defi-decentralized-finances\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">DeFi<\/span><\/a><span data-preserver-spaces=\"true\">) applications.\u00a0<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Vet, a dUNL validator, underscored the use cases enabled by the XLS-68D Sponsor specification, reaffirming the XRP Ledger\u2019s technical capacity to support such sophisticated features.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The stablecoin launch<\/span><span data-preserver-spaces=\"true\">\u00a0aligns with Ripple\u2019s overarching strategy to enhance the utility and flexibility of the XRP Ledger. By offering a stable and reliable digital currency option,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Ripple aims to attract new institutional users and DeFi applications<\/span><\/strong><span data-preserver-spaces=\"true\">,\u00a0<\/span><span data-preserver-spaces=\"true\">thereby<\/span><span data-preserver-spaces=\"true\">\u00a0bolstering the network\u2019s robustness and appeal.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This initiative forms part of Ripple\u2019s innovative drive to introduce cryptocurrency applications that push the boundaries of blockchain capabilities and the practicality of cryptocurrency in everyday life.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">The market seems to have responded well to the news, as XRP is up by more than 1% in the last 24 hours,\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">trading\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">at $0.5359.<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">As anticipation builds for the upcoming XRL Apex conference in Amsterdam, Ripple\u2019s actions are being closely watched by XRP users and potential investors,<\/span><span data-preserver-spaces=\"true\">\u00a0keenly eyeing the future prospects of the digital financial market that this development could reshape.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Ripple\u2019s Stablecoin: Ripple is developing a new stablecoin for the XRP Ledger, aiming to provide a stable digital currency backed by U.S. dollar deposits and government securities, which will be detailed at the XRPL Apex event in Amsterdam. XRP Ledger Enhancements: The XRP Ledger will feature an automated market maker (AMM) and integrate artificial &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"XRP Stablecoin on the Horizon: Ripple&#8217;s CTO Hints at Major Launch in June\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/xrp-stablecoin-on-the-horizon-ripples-cto-hints-at-major-launch-in-june\/#more-165661\" aria-label=\"More on XRP Stablecoin on the Horizon: Ripple&#8217;s CTO Hints at Major Launch in June\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":165662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90,70,74],"tags":[4620,5287,4805,4918],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165661"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=165661"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165661\/revisions"}],"predecessor-version":[{"id":165665,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165661\/revisions\/165665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/165662"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=165661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=165661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=165661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}