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Ripple’s RLUSD Stablecoin: Why It Could Cost More Than $1 Initially
The highly anticipated launch of Ripple’s new stablecoin, RLUSD, is generating significant buzz within the cryptocurrency community. As the release date approaches, many are eager to get their hands on this new asset. However, Ripple’s CTO, David Schwartz, has issued a warning about potential short-term price fluctuations.
In an effort to clarify any misconceptions, Schwartz emphasized that any initial surges in value would be temporary and not indicative of long-term viability. According to him, RLUSD’s primary purpose is to maintain a consistent $1 value, with any discrepancies caused by supply issues or short-term demand.
RLUSD’s Launch and the FOMO Trap
Schwartz advised against buying into RLUSD due to fear of missing out (FOMO), warning that such behavior would be unwise. He emphasized that Ripple is committed to maintaining the stablecoin’s stability, ensuring it stays pegged to the US Dollar at a fixed rate.
RLUSD’s Launch and the Stablecoin Market
Despite the early market turbulence, Schwartz believes in the long-term potential of the stablecoin space. He foresees a massive growth for this sector, predicting that it could surpass $2 trillion by 2028.
Source: coinpedia.org
