Ethereum

David Vance

April

In the rapidly evolving cryptocurrency landscape, Ripple CEO Brad Garlinghouse made waves at Paris Blockchain Week, where he shared exciting updates about Ripple’s plans for the XRP Ledger. One highlight was the announcement of an upcoming USD stablecoin, set to launch later this year. This stablecoin pegged 1:1 to the USD, will be available on both the XRP Ledger and Ethereum platforms, as reported by <a href="https://news.todayq.com/ripples-stablecoin-soon-to-enter-crypto-market-xrp-to-blast/" rel="noopener noreferrer nofollow">Todayq News</a> on April 4, 2024. What Ripple CEO says at Paris Blockchain Week? 
The event, attended by key figures in the cryptocurrency community, provided a platform for Ripple to showcase its achievements and discuss its future goals.Garlinghouse highlighted the importance of growing the XRP Ledger community and highlighted the platform’s steady technological advancements. Garlinghouse stated: 
“It’s great to be back at Paris Blockchain Week – I joined XRPL CEO David Bchiri on stage to discuss why Ripple is planning to launch a USD stablecoin later this year, growing the XRPL community, and crypto regulation (of course!).”
The introduction of a stablecoin to the XRP Ledger is expected to open up new opportunities in decentralized finance (DeFi) by increasing liquidity and use cases. Ripple sees this move not only as an innovative step but also as a contribution to the broader XRPL ecosystem, paving the way for a more diverse crypto landscape.
In addition to the stablecoin announcement, it was revealed that the XRP Ledger has surpassed five million accounts, indicating growing adoption of the platform. This milestone highlights the increasing interest and participation in the XRP Ledger ecosystem.
Additionally, Ripple’s presence at the fifth edition of one of Paris’s largest Blockchain events showcased its commitment to driving innovation and growth within the cryptocurrency landscape, while also expanding the possibilities for developers and users alike. XRP price-performance analysis 
However, following the completion of this event, Ripple’s XRP price doesn’t seem impacted and currently is trading near $0.59, experiencing nearly 6% downside momentum in the last 24 hours. If we look at the performance of XRP over a longer period, in the last 7 days it experienced nearly 3% upside momentum. Whereas, in the last 30 days, its price experienced 2.5% downside momentum.

Ripple CEO reveals XRPL roadmap, Is it enough to pump XRP

Todayq News

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