This $293 Million Asset Shows Why XRP's Future Is Bright
In the cryptocurrency world, determining an asset's value is usually fairly difficult. But there is one specific type of cryptoasset that's comprehensively understood. An asset of that type shines a bullish light on the XRP (CRYPTO: XRP) cryptocurrency over the long term.It isn't something that you'd be interested in buying for a gain, but you might be able to see yourself holding it anyway. Let's take a beat to learn about this helpful asset and why it's so important to the XRP coin's future prospects.The Ripple group launched a stablecoin, Ripple USD (CRYPTO: RLUSD), last December. This coin is redeemable for $1 at any time, and it's backed by cash reserves to ensure that remains the case even during market or monetary disruption.Continue reading
In the cryptocurrency world, determining an asset's value is usually fairly difficult. But there is one specific type of cryptoasset that's comprehensively understood. An asset of that type shines a bullish light on the XRP (CRYPTO: XRP) cryptocurrency over the long term.
It isn't something that you'd be interested in buying for a gain, but you might be able to see yourself holding it anyway. Let's take a beat to learn about this helpful asset and why it's so important to the XRP coin's future prospects.
The Ripple group launched a stablecoin, Ripple USD (CRYPTO: RLUSD), last December. This coin is redeemable for $1 at any time, and it's backed by cash reserves to ensure that remains the case even during market or monetary disruption.
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