- Ripple's plans to introduce stablecoins have led to skepticism about integration with XRP in funds.
- Invoice Morgan questions the necessity to mix stablecoins and XRP in crypto-enabled funds.
- Ripple goals to bridge conventional finance and cryptocurrencies via the launch of a stablecoin on the XRP Ledger.
Invoice Morgan, a outstanding lawyer and key determine within the digital asset world, publicly questioned Ripple CEO Brad Garlinghouse's announcement concerning Ripple's upcoming stablecoin launch.
Yesterday, Ripple introduced its intention to introduce a stablecoin pegged 1:1 to USD, hosted on the XRP Ledger and Ethereum. The choice comes because the stablecoin market is booming, valued at round $150 billion, with some predicting exponential development to exceed $2.8 trillion by 2028.
The controversy started when Morgan responded to Garlinghouse's tweet praising Ripple's efforts to bridge conventional finance and the crypto area via the introduction of stablecoins.