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Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC

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."The stablecoin market is over $150 billion today and is forecasted to exceed $2.8 trillion by 2028," Ripple said in a statement shared with CoinDesk. "There’s clear demand for stablecoins that deliver trust, stability and utility."The company said the token, which it plans to release "later this year," will be "100% backed by U.S. dollar depos...

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