Today news
About the same in other media
17.04 - 21:15
Ripple plans stablecoin
Reading now: 945
finextra.comWith the stablecoin market worth about $150 billion, "there’s clear demand for stablecoins that deliver trust, stability, and utility," says Ripple.
The firm is planning to throw its hat in the ring later this year, subject to regulatory approval, promising a token 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. Reserve assets will be audited by a third-party accounting firm.
"This is a natural step for Ripple to continue bridging the gap between traditional finance and crypto,” says Brad Garlinghouse, Ripple CEO.
About this in other media
New Zealand Begins Plans To Introduce CBDC cryptonews.com /3 weeks ago
Crypto-Skeptic Senator Sherrod Brown Open To Stablecoin Legislation, Bloomberg Reports cryptonews.com /3 weeks ago
Payment Use Cases Fuel Increasing Stablecoin Growth cryptonews.com /1 month ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
