Ripple President Monica Long claims that the company's much-hyped stablecoin is likely to launch this year
"If you think about it, only XRP and Bitcoin have regulatory clarity on status in the U.S. XRP has been a top 10 asset by market cap and is about the top 5 if you look at daily traded volume. So, I think that it will make a lot of sense," she said.
Long claims that there will still be a need for the XRP token even after Ripple launches its stablecoin project since the former will still be able to serve as a bridge asset. Stablecoins are seeing great demand since they provide easy access to US dollars in various parts of the world. Moreover, stablecoins are convenient for conducting payments. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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