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Ripple Stablecoin: CEO Brad Garlinghouse Reveals Main Motivation behind Pursuit

During the recently held Paris Blockchain Week, Ripple Labs CEO Brad Garlinghouse revealed why the blockchain payments platform is pursuing a United States dollar-pegged stablecoin. According to Garlinghouse, Ripple plans to launch this potential stablecoin before the end of this year.

Ripple Plans to Improve XRPL Liquidity with Stablecoin

The Ripple executive acknowledged that stablecoin has proven over time to be an important bridge between Traditional Finance (TradFi) and Decentralized Finance (DeFi). Ordinarily, digital asset investors utilize this token which is usually pegged to a fiat currency, to enhance trade, provide liquidity for currency hedging, and keep their portfolio away from crypto market volatility.

Stablecoins can also serve as an alternative for international remittance and even inflation hedging. With License.

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