A trader lost $27,000 by hastily buying Ripple's recently-launched stablecoin, RLUSD, with his XRP holdings. The trade took place shortly after Ripple confirmed the launch, and the trader exchanged 10,000 XRP for 100 RLUSD. At the time of the transaction, XRP was worth $2.71, meaning the trader's XRP tokens were valued at $27,100. However, as RLUSD is pegged to the dollar, the trader ultimately ended up with just $100. Ripple's CTO had warned investors not to consider RLUSD as an investment opportunity, as its value would always remain at $1. This incident highlights the need to see RLUSD as just another stablecoin and not a way to make profits.



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