Ripple's Stablecoin Details To Be Revealed At Upcoming XRPL Apex Event

According to Foresight News, Ripple's Chief Technology Officer, David Schwartz, has announced that details about Ripple's stablecoin will be revealed at the XRPL Apex event in Amsterdam next month. The stablecoin is backed by US dollar deposits, US government bonds, and other low-risk investments in a 1:1 ratio. This announcement was made at a recent XRP conference in Las Vegas. Earlier this year in April, Ripple had announced its plans to issue a US dollar-backed stablecoin. The upcoming disclosure of the stablecoin's details is eagerly awaited by the crypto community, as it will provide more insight into Ripple's strategy and the potential impact of the stablecoin on the crypto market.