📣 Ripple, the Silicon Valley crypto giant, is set to launch a U.S. dollar-pegged stablecoin later this year! The move comes as the usefulness of its native token, XRP, appears to be dwindling. The Ripple stablecoin will be backed 1-to-1 by cash equivalents, including U.S. dollar deposits and U.S. government bonds. This is seen as an attempt to create a more trustworthy alternative to assets like Tether's USDT and Circle's USDC. Despite the crowded $150 billion stablecoin market, Ripple's CEO, Brad Garlinghouse, is optimistic about the future. What are your thoughts on this move? Let's discuss in the comments! 💬