Ripple’s RLUSD Stablecoin: Why It Could Cost More Than $1 Initially

CoinMarketCap2024-12-16

Ripple’s highly anticipated stablecoin, RLUSD, is set to launch in 2024, and the crypto community is buzzing with excitement. As the release date approaches, there are growing expectations, especially...

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As the release date approaches, there are growing expectations, especially...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/676012b580aa1938cf0666dd/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ripple’s RLUSD Stablecoin: Why It Could Cost More Than $1 Initially</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRipple’s RLUSD Stablecoin: Why It Could Cost More Than $1 Initially\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-16 19:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/676012b580aa1938cf0666dd/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ripple’s highly anticipated stablecoin, RLUSD, is set to launch in 2024, and the crypto community is buzzing with excitement. As the release date approaches, there are growing expectations, especially...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/676012b580aa1938cf0666dd/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FOMO","symbol_name":"FOMO ETF","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/676012b580aa1938cf0666dd/","article_id":"2491662287","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/39c90abff0974d63a6774bdea179448b.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491662287","pubTimestamp":1734349492,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Ripple’s highly anticipated stablecoin, RLUSD, is set to launch in 2024, and the crypto community is buzzing with excitement. As the release date approaches, there are growing expectations, especially within the XRP community. While many are eager to get their hands on the new stablecoin, Ripple’s CTO, David Schwartz, has shared some important advice for potential buyers.Schwartz explained that this spike in price is not a sign of long-term value but a temporary situation. When a new asset is launched, especially a stablecoin, there can be an imbalance between supply and demand, which leads to price fluctuations. These spikes are not unusual, but they should not be mistaken for an opportunity to profit. Schwartz reassured that once the market stabilizes, the price will return to $1.In short, while the launch of RLUSD might bring some short-term price fluctuations, the stablecoin’s purpose is to maintain stability. Buyers should be patient and avoid buying in a rush, as the price will s","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FOMO":"FOMO ETF"},"translate_title":"Ripple的RLUSD稳定币：为什么它最初的成本可能超过1美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FOMO":1},"content_text":"Ripple’s highly anticipated stablecoin, RLUSD, is set to launch in 2024, and the crypto community is buzzing with excitement. As the release date approaches, there are growing expectations, especially within the XRP community. While many are eager to get their hands on the new stablecoin, Ripple’s CTO, David Schwartz, has shared some important advice for potential buyers.\nWhy RLUSD Might Cost More Than $1 Initially\nOne of the key points Schwartz raised is that the RLUSD stablecoin might experience temporary price surges when it first launches. This is because, during the early stages, there could be a supply shortage. Some buyers may be willing to pay more than the intended $1 value, especially if they want to be among the first to own RLUSD. For example, during early trading, RLUSD was priced at 511 XRP, which equated to $1,231—much higher than the $1 target.\nSchwartz explained that this spike in price is not a sign of long-term value but a temporary situation. When a new asset is launched, especially a stablecoin, there can be an imbalance between supply and demand, which leads to price fluctuations. These spikes are not unusual, but they should not be mistaken for an opportunity to profit. Schwartz reassured that once the market stabilizes, the price will return to $1.\nAnalyst warns FOMO Possibility\nRipple’s CTO strongly advises against buying RLUSD out of fear of missing out (FOMO). He emphasized that the stablecoin’s main purpose is to maintain a consistent $1 value, and any price movement above that is likely due to supply issues or short-term demand. Schwartz cautioned that if someone is willing to spend a lot of money to buy a tiny fraction of RLUSD early on, they should not expect to make a profit from it.\nHe also mentioned that profit-taking traders—who exploit price differences in different markets—will quickly help to correct any price difference, bringing RLUSD back to its intended $1 price point.\nA Promising Future for Stablecoins\nDespite the early price fluctuations, Schwartz believes in the long-term potential of the stablecoin market. Ripple sees RLUSD as a credible player in the space, and with stablecoins becoming increasingly popular, Schwartz predicts the market could surpass $2 trillion by 2028.\nIn short, while the launch of RLUSD might bring some short-term price fluctuations, the stablecoin’s purpose is to maintain stability. Buyers should be patient and avoid buying in a rush, as the price will stabilize once the supply and demand balance out.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491662287"}