Ripple CTO Warns of 'FOMO' as RLUSD Stablecoin Prepares for Market Debut
Schwartz highlighted pre-market bids for RLUSD reaching $1,244, driven by buyers eager to claim the “honor” of being the first to buy it.
Vismaya V
By Vismaya V
Dec 16, 2024
2 min read
Ripple is developing a stablecoin pegged to the US dollar. Image: Shutterstock.
Ripple is developing a stablecoin pegged to the US dollar. Image: Shutterstock.

Ripple’s chief technology officer, David Schwartz, has cautioned investors about potential price volatility for RLUSD, Ripple’s U.S. dollar-pegged stablecoin, as it prepares for launch.

In a December 15 post on X, Schwartz addressed concerns about RLUSD’s market debut, acknowledging the possibility of initial supply shortages that could drive its price above its intended $1 parity to the U.S. dollar. 

An announcement for when RLUSD will be released to the market has yet to be provided. Ripple did not immediately respond to a request for comment.

In August, Ripple announced that it …