"Ripple is preparing to launch a new stablecoin pegged to the US dollar, vying for a share of the $150 billion stablecoin market dominated by Tether and Circle. 🚀 The new cryptocurrency will maintain a 1 to 1 ratio with the US dollar, including deposits, government bonds and "cash equivalents. Ripple plans to publish monthly reports on its reserves to ensure transparency. Unlike Tether, Ripple aims to differentiate itself by highlighting its regulatory compliance and licensing in multiple jurisdictions, including New York, Ireland and Singapore."