Sam is CoinDesk's deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
Ripple, the enterprise-focused blockchain service and creator of the XRP Ledger, is introducing its own stablecoin pegged to the price of the U.S. dollar.
"Part of it is just opportunistic. It's a growing market," he said."You could be a bank that pays no interest. That seems like a pretty good business opportunity." "We're gonna have public audits on a monthly basis, hopefully by a top-tier accounting firm and will disclose more on that later," said Schwartz."We're aiming for complete transparency. You know, we'll do whatever we need to do to address those issues."
In Ripple's case,"we're not trying to squeeze a couple of extra pennies out – we don't need to," said Schwartz."Our balance sheet is rock solid."
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