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Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC

The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents," according to the company.

Updated Apr 4, 2024, 1:30 p.m. Published Apr 4, 2024, 1:00 p.m.
Ripple Labs CTO David Schwartz (Ripple, modified by Coindesk)
Ripple Labs CTO David Schwartz (Ripple, modified by Coindesk)