RIPPLE is going to release its own stablecoin.
Good news from RIPPLE. CoinDesk has announced that "Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC"
The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents," according to the company.
The market immediately reacted to this news with an 8% increase.
Binance, XRP/USDT 1h