Ripple

Ripple plans monthly attestation reports for transparency, though the auditing firm responsible has not been disclosed yet. The stablecoin will be backed by U.S. dollar deposits, government bonds, and cash equivalents, ensuring stability. Ripple, has announced its plan to launch a stablecoin pegged to the U.S. dollar. This move places Ripple in direct competition with the leading stablecoin providers, Tether and Circle, who manage the UDST and USDC tokens, respectively.  The stablecoin market, where Ripple aims to make its mark,…

In a notable development, blockchain developer Ripple Labs recently announced its plans to launch a stablecoin pegged 1:1 to the US dollar (USD).  Ripple Enters Booming Stablecoin Market According to the company’s announcement on Thursday, the stablecoin’s reserves will consist of US dollar deposits, short-term US Treasury bills, and other undisclosed cash equivalents. All of these will be audited by a third-party accounting firm. Ripple plans to publish monthly certifications to ensure transparency. With the stablecoin market currently valued at…

Ripple, a provider of enterprise blockchain and crypto solutions, has revealed plans to introduce a stablecoin pegged 1:1 to the US dollar (USD). The asset will be backed entirely by US dollar deposits, short-term US government treasuries, and other cash equivalents. Ripple CEO Confident on Launch According to an April 4 press release, these reserve assets would undergo audits by a third-party accounting firm, with monthly attestations to be published for public scrutiny. Brad Garlinghouse, Ripple’s CEO, expressed confidence in…

The price of Ripple (XRP) has been on a rollercoaster since the beginning of the year, leaving its holders and the XRP community with lots of questions regarding its future. XRP fell 8% and 12% on the weekly and monthly scale, respectively. The coin is now below $0.60 at press time, a critical level that’s marked by a phase of sideways consolidation. Optimistic Ripple Price Predictions Nonetheless Despite the recent price downturn, popular analyst Dark Defender remains bullish on XRP…

TL;DR BTC tumbled by 6% weekly, impacted by a broader market correction but buoyed by long-term bullish indicators like the halving event. SHIB’s price drops, but the ecosystem thrives with milestones like Shibarium’s growth and high trading volumes on exchanges. Ripple anticipates a key trial with the SEC, potentially influencing its price and the wider crypto market’s dynamics. BTC ‘Struggles’ Below $70K The cryptocurrency market recently entered into a state of correction, with Bitcoin (BTC) being one of the severely…

TL;DR The long-standing lawsuit between Ripple and the SEC is set to enter a critical phase with the start of the grand trial at the end of April. The company has gained momentum due to partial victories secured in 2023. The lawsuit between Ripple and the US Securities and Exchange Commission (SEC), which has been ongoing for over three years, will witness several key developments this month. Perhaps the most important one is the start of the grand trial, scheduled for…

The post SEC Demands $1.95 Billion in Ripple XRP Lawsuit; Could This AI Altcoin Hit $200 by June? appeared first on Coinpedia Fintech News The crypto world watches closely as Ripple Labs faces a staggering $1.95 billion fine from the U.S. Securities and Exchange Commission (SEC), a development that has sent ripples through the crypto community. Amidst this legal turmoil, Ripple Labs’ chief legal officer, Stuart Alderoty, has voiced his concerns over the SEC’s demands, highlighting the significant implications for…

Ripple has extended its recent period of consolidation, with the price witnessing an 8% decline towards the critical support level of $0.6. However, Ripple’s price is expected to receive support, with a modest rebound towards the $0.7 threshold anticipated. XRP Analysis By Shayan The Daily Chart Upon a closer examination of the daily chart, it’s evident that Ripple has been in a phase of sideways consolidation characterized by minimal volatility. It oscillates between the crucial support zone of $0.6 and…

One analyst suggests that XRP will embark on a massive bull rally if it breaks past the $0.75 resistance while also warning that dipping below $0.44 could signal a bearish run. The upcoming trial between Ripple and the SEC will be a significant turning point in XRP’s price journey, with a victory for the blockchain payments firm poised to unveil a monster rally for the token. XRP has failed to take off in the first quarter of the year as…