Cryptocurrency Q&A
Is XRP a stablecoin?
Is XRP a stablecoin?
PhoenixRising
Mon May 13 2024
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6 answers
1424
I've heard about the classification of XRP as a stablecoin by the World Bank, but I'm still not quite sure about it. Could you please elaborate on whether XRP truly qualifies as a stablecoin? I understand that stablecoins are designed to maintain a stable value relative to a real-world asset, such as the US dollar. Does XRP fulfill this criterion? Or is it just a digital asset with some similarities to stablecoins in terms of usage within the Ripple network? It would be helpful if you could clarify this matter for me.
6 answers
CryptoNinja
Wed May 15 2024
The primary objective is to attract increased liquidity.
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StormGalaxy
Wed May 15 2024
Ripple's focus lies in enhancing the XRP Ledger.
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CosmicDreamWhisper
Tue May 14 2024
Developers and users are also targeted to expand the XRP Ledger's reach.
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Eleonora
Tue May 14 2024
XRP Ledger serves as the native blockchain for the digital asset XRP.
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Elena
Tue May 14 2024
Ripple's latest stablecoin offering will debut on both XRP Ledger and Ethereum.
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