Ripple CTO says to expect shortage of RLUSD at launch, but don’t FOMO

CoinMarketCap12-16

Ripple’s chief technology officer, David Schwartz, says there could be potential “supply shortages” in the early days of Ripple’s US Dollar-pegged stablecoin but is warning investors not to “FOMO.” In...

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If it doesn’t, something is very seriously wrong,” he said. \n\n “Please don’t FOMO into a stablecoin! This is not an opportunity to get rich.”\n\nOn Dec. 11, Ripple CEO Brad Garlinghouse announced that RLUSD had received its final approval from the New York Department of Financial Services, with the official Ripple account on X saying that the stablecoin would be launching “soon.”\n\n\nSource: Ripple \n\n\nRelated: Ripple’s RLUSD stablecoin: Here’s what you need to know before launch\nOnce RLUSD is available, Ripple plans to use both RLUSD and XRP in its cross-border payments solution to serve its global customers, the company said in RLUSD’s beta testing announcement.\nIn June, Ripple president Monica Long also said that RLUSD was built to be “complementary and additive” to XRP.\nAccording to some sources, Ripple sees RLUSD as “beneficial” for XRP as RLUSD and XRP will be paired with each other.\nWhile XRP will help add liquidity to RLUSD with its significant availability on exchanges, the stablecoin’s price will also be stabilized by pairing to prevent depegging.\nAccording to Ripple Labs CEO Brad Garlinghouse, RLUSD will focus primarily on large institutional players.\nMagazine: How Shibtoshi gambled 37 ETH and became a Shiba Inu billionaire","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":1},"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":"4.29.3","shortVersion":"4.29.3","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/2491687811"}