Ripple CEO Excited as Company Takes Giant Step Toward XRP Ledger Adoption

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Ripple CEO Excited as Company Takes Giant Step Toward XRP Ledger Adoption
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Ripple's monumental move would be game-changer for XRP Ledger users and developers

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

At its debut, the stablecoin will be available on the XRP Ledger and Ethereum blockchains, with ambitions to expand to more blockchains, DeFi protocols and apps in the future.’s native capabilities, which include a decentralized exchange and an automated market maker, were designed to use XRP as a bridge asset. Introducing a stablecoin to XRPL is expected to drive more adoption and development, contributing to a thriving ecosystem.

Following the news, XRP surged by 8% in an hour. At the time of writing, XRP was up 2.50% in the last 24 hours to $0.606, having reached intraday highs of $0.617.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

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