TechFlow news, according to CoinDesk, Ripple will launch a dollar-backed stablecoin, bringing more utility and liquidity to the XRP Ledger.
The company said the token is planned for release "later this year" and will be "100% backed by U.S. dollar deposits, short-term U.S. Treasury bills, and other cash equivalents." The stablecoin will initially be deployed on Ripple's institution-focused XRP Ledger as well as the Ethereum blockchain, and will be based on Ethereum's ERC-20 token standard.




