Ripple will issue a US dollar stablecoin
ChainCatcher news, according to CoinDesk, Ripple will issue a dollar-backed stablecoin.
The company stated that the token is planned to be issued "later this year" and will be "100% backed by dollar deposits, short-term U.S. government bonds, and other cash equivalents." The stablecoin will first be deployed on Ripple's institution-focused XRP Ledger and the Ethereum blockchain, and will be based on the Ethereum ERC-20 token standard.
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