According to reports, Ripple (XRP) trading volumes have significantly pared, likely due to low activity from investors and traders.
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Bitrue, a well-known crypto exchange, recently encouraged investors to go “all-in” on the XRP token. The crypto exchange’s post, aimed at boosting market sentiment, ironically sparked criticism from investors.
“Our industry is at the start of the next major adoption stage in which blockchain technology will deliver real utility in financial markets at scale,” said Markus Infanger, SVP, RippleX.
Ripple (XRP) is one of the few crypto tokens among the top 50 coins by market cap that hasn’t recorded any year-to-date (YTD) gain.
“By leveraging evmOS technology, we can offer developers unparalleled flexibility and customization options, enabling them to build innovative cross-chain applications that tap into the vast potential of the XRPL and the broader Interchain ecosystem,” states Jasmine Cooper, Head of DeFi Product at Ripple.
The stablecoin will debut on the XRP Ledger (XRPL) and Ethereum (ETH) blockchains, with plans to expand to additional blockchains and DeFi protocols and apps over time.
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Brad Garlinghouse, the CEO of Ripple, emphasized the strategic importance of Singapore in the company’s global operations.
The U.S. Dollar-backed Palau Stablecoin (PSC) aims to enhance financial transactions and empower citizens while ensuring security and privacy.