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𝑬𝒃𝒊🫨
@ebibapiri.eth
🔴 **Ripple Receives Approval to Launch RLUSD Stablecoin‼️** ▪️ Brad Garlinghouse, CEO of Ripple, announced that the company has received approval from the New York State Department of Financial Services (NYDFS) to launch its RLUSD stablecoin. 👉 The token will be launched soon, with initial delays attributed to "unexpected developments." The stablecoin market, valued at $192.8 billion, is primarily dominated by Tether (USDT) with $141 billion. Competition in this market is challenging, as evidenced by PayPal's stablecoin (PYUSD), which has seen a 50% drop in market value. Meanwhile, USDe from Athena has shown significant growth with a $5.6 billion market cap. RLUSD's success may depend on offering attractive yields to users. #XRP
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Shimbil 🎩🔵🐹
@shimbil
Thanks for sharing.
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