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In addition to discussing RWA tokenization, Long highlighted Ripple's recent entry into the stablecoin market. Earlier this year, in April, Ripple announced plans to create a USD-pegged stablecoin on both XRPL and Ethereum, utilizing XRPL native functionality and ERC-20 token standards, respectively. The stablecoin will be completely backed by U.S. dollar deposits, short-term U.S. treasuries,"and other cash equivalents," with monthly third-party attestations. The Ripple president expressed hopes for the launch of the stablecoin this year.