CandleFocus Ripple Explores Partnership With Ex-PayPal CFO, XRP Price Eyes $1
2024-10-17
Author: Content Editor
Former CFO of PayPal Digital Currencies, Neil DeSilva, and Ripple are discussing a partnership to create a sustainable blockchain business, potentially involving XRP. They discussed minimizing risks in digital asset exposure and the future of tokenization and stablecoins at the Ripple Swell Conference in Miami. Ripple recently announced the launch of a U.S. dollar-backed stablecoin called RLUSD, aiming to compete with Tether's dominance in the stablecoin market. The development of RLUSD is being overseen by Ripple's exchange partners, market makers, and advisory board. Ripple's pursuit of various projects could benefit XRP, which is currently trading at $0.5605 with a market cap of $31.75 billion.
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