{
Neil Hartner

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Ripple CTO discusses potential price anomalies for new stablecoin RLUSD

Ripple's CTO, David Schwartz, indicated that the upcoming stablecoin RLUSD could initially trade at inflated prices, potentially reaching $1,200 due to early supply shortages and speculative trading. He emphasized that such anomalies are temporary, with prices expected to stabilize around the intended $1 peg as minting and burning processes adjust to market demand. Schwartz cautioned against viewing RLUSD as a speculative asset, highlighting the importance of arbitragers in correcting price distortions.
Bitcoinist.com
Neil Hartner David Schwartz
Crypto, Transcript
08:15 16.12.2024

Ripple CEO criticizes 60 Minutes for omitting key XRP legal victory

Ripple CEO Brad Garlinghouse criticized CBS News' 60 Minutes for omitting a key legal victory in which a federal judge ruled XRP is not a security when traded on public exchanges. He argued that this exclusion misrepresents XRP's regulatory status and highlighted Ripple's compliance and success in facilitating billions in cross-border transactions. Garlinghouse also noted the growing political influence of the crypto industry, particularly following significant contributions to pro-crypto candidates during the recent US elections.
CryptoSlate
Coinbase Global, Inc. USA Neil Hartner Brad Garlinghouse Donald Trump Show more
Finance & Economy, Blog Post
14:49 09.12.2024
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