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At its debut, the stablecoin will be available on the XRP Ledger and Ethereum blockchains, with ambitions to expand to more blockchains, DeFi protocols and apps in the future.’s native capabilities, which include a decentralized exchange and an automated market maker, were designed to use XRP as a bridge asset. Introducing a stablecoin to XRPL is expected to drive more adoption and development, contributing to a thriving ecosystem.
Following the news, XRP surged by 8% in an hour. At the time of writing, XRP was up 2.50% in the last 24 hours to $0.606, having reached intraday highs of $0.617.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.