Cryptocurrency neighborhood is split over Ripple's stablecoin introduction plan

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  • 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.

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