As Christmas approaches and the year 2024 comes to an end, the crypto ecosystem continues to make headlines with new ambitious projects. If Bitcoin continues to approach $110,000, Ripple is preparing to launch its stablecoin RLUSD, an initiative that promises to shake up the market. But behind the enthusiasm, warnings about initial volatility are multiplying, notably those from David Schwartz, the CTO of Ripple.
RLUSD: between scarcity and volatility, Ripple on alert
The arrival of the revolutionary stablecoin RLUSD, backed by the dollar, is already arousing a wave of panic among traders, despite warnings from David Schwartz. From its launch, the market could experience temporary shortagesfueling unexpected volatility for a supposedly stable asset. Schwartz didn't mince his words in a tweet:
“ Don’t give in to FOMO for a stablecoin! This is not an opportunity to get rich. »
However, some investors seem ready to do anything to buy the first RLUSD. A bid at $1,200 for one unit was even spotted on Xaman, a platform linked to Ripple. This overbidding reflects more a symbolic desire than a real assessment of its value.
Schwartz remains confident: once supply stabilizes, RLUSD should regain its anchor at $1. If this is not the case, ” something would be very seriously faulty ”, according to him.
- Some key figures:
- 1 RLUSD offered at $1,200 before launch;
- A planned pairing with XRP to stabilize the price;
- Launch approved by New York regulators.
This RLUSD-XRP duo promises to be strategic: it will strengthen the liquidity of the stablecoin, while increasing the attractiveness of Ripple's flagship altcoin.
Crypto XRP: an ecosystem strengthened by RLUSD
Ripple is thinking big with RLUSD, a project designed for complete and enrich the use of XRP. This stablecoin is not just a monetary tool; it aims to attract large institutions to the crypto universe. During her official announcement, Monica Long, President of Ripple, highlighted theappearance ” complementary and additive » of this new product.
RLUSD will play a key role in cross-border payments of Ripple, exploiting the potential of XRP for liquidity. This partnership between the altcoin and stablecoin is designed to reduce the risks of depegging, a common problem with stablecoins.
According to Brad Garlinghouse, CEO of Ripple, the future is bright: RLUSD could become a benchmark for international transactionsleveraging the massive reserves of XRP available on the markets.
Traders will nevertheless have to exercise caution: despite Ripple's ambitions, the first days of launch risk shaking prices, as the recent example of Xaman demonstrated. While this volatility might scare off novices, seasoned investors may see it an opportunity to seizeas long as you keep a cool head.
Furthermore, the prospect of XRP at $100 in 2025 is already fueling analysts' hopes. The expected end of the dispute between Ripple and the SEC, coupled with a possible return to power of Donald Trump, could well offer Ripple a new strategic lease of life.
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