Ripple CTO Explains Why RLUSD Can Hit Whopping $1,200 At Launch, Warns Investors Not To “FOMO”

Ripple CTO David Schwartz has outlined how the company’s upcoming US dollar-pegged stablecoin, RLUSD, could initially trade at insanely high prices, possibly even $1,200, despite being designed to maintain a 1:1 parity with the US dollar. He stressed early supply bottlenecks and speculative enthusiasm as key factors likely to cause any short-lived spike. Schwartz then […] source: https://zycrypto.com/ripple-cto-explains-why-rlusd-can-hit-whopping-1200-at-launch-warns-investors-not-to-fomo/