How Does Ripple (XRP) Fare Against The Rising Tide Of Stablecoins?by@dmytrospilka
2,260 reads
2,260 reads

How Does Ripple (XRP) Fare Against The Rising Tide Of Stablecoins?

by Dmytro Spilka4mSeptember 11th, 2020
Read on Terminal Reader
Read this story w/o Javascript
tldt arrow

Too Long; Didn't Read

Stablecoins are pegged to real-world assets like the US dollar and gold. They can exist in an environment where their values aren’t driven by speculation and each coin can be traded for a price that will remain consistent into the future. Today, JP Morgan Chase announced it would be releasing its own cryptocurrency in the form of Utility Settlement Project, spearheaded by UBS, Barclays and Barclays. Stablecoin market caps have rallied towards more than doubling in value, from less than $6 billion in January 2020 to over $16 billion by the end of August.

Company Mentioned

Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - How Does Ripple (XRP) Fare Against The Rising Tide Of Stablecoins?
Dmytro Spilka HackerNoon profile picture
Dmytro Spilka

Dmytro Spilka

@dmytrospilka

Dmytro is the founder of Solvid and Pridicto. Featured in Hackernoon, TechRadar and Entreprepreneur.

Learn More
LEARN MORE ABOUT @DMYTROSPILKA'S
EXPERTISE AND PLACE ON THE INTERNET.

Share Your Thoughts

About Author

Dmytro Spilka HackerNoon profile picture
Dmytro Spilka@dmytrospilka
Dmytro is the founder of Solvid and Pridicto. Featured in Hackernoon, TechRadar and Entreprepreneur.

TOPICS

THIS ARTICLE WAS FEATURED IN...

Permanent on Arweave
Read on Terminal Reader
Read this story in a terminal
 Terminal
Read this story w/o Javascript
Read this story w/o Javascript
 Lite
L O A D I N G
. . . comments & more!