Ripple Labs is set to launch a USD-pegged stablecoin later this year, aiming to tap into the booming stablecoin market, which is currently valued at around $150 billion and is projected to exceed $2.8 trillion by 2028. The new stablecoin will be pegged 1:1 to the USD and supported on both the XRP Ledger and Ethereum. This move positions Ripple to compete directly with major players like Circle and PayPal in the stablecoin space. Meanwhile, PayPal has integrated the $PYUSD stablecoin for international transfers on its Xoom platform, allowing US customers to use stablecoin for international payments. This development underscores the growing integration of stablecoins in mainstream financial services.
🗞️ Crypto News Blockchain firm Ripple aims to wrestle market share from USDT and USDC with a transparent, compliance-focused dollar-backed stablecoin. 🔗 https://t.co/Mt8lVjmYGb #CryptoNews
🆕 Check out today's top #crypto news on #KuCoinMarketWatch ⤵️ 🟢 Morgan Stanley & UBS to add #BitcoinETFs next week 🟢 Ethena $USDe, now 5th largest stablecoin, adds #Bitcoin as backing asset 🟢 $XRP: Ripple to launch USD-pegged stablecoin Which story caught your attention?
#Paypal's Xoom Adds $PYUSD Cross-Border Transfers Amid Coin's Supply Reduction https://t.co/PM6bf9Jf6S
PayPal Enables Stablecoin-To-Fiat Option for International Money Payments ► https://t.co/w19grSFZKw https://t.co/w19grSFZKw
Payments Giant @PayPal Integrates $PYUSD for International Transfers on Xoom https://t.co/PM6bf9Jf6S
US PayPal customers will be able to use stablecoin for international payments https://t.co/9Mx8N8YGK5
JUST IN: PAYPAL'S 'XOOM' PLATFORM NOW SUPPORTS FUNDING WITH $PYUSD STABLECOIN
Ripple to face off against Circle, PayPal with new USD stablecoin https://t.co/qAbBUneI8m
Ripple Labs joins stablecoin rush amid crypto market revival https://t.co/UNIUakQqiv
1/ The stablecoin market is booming – around $150B today, and projected to soar past $2.8T by 2028. There's a clear demand for trust, stability, and utility. That's why later this year we’re launching a stablecoin pegged 1:1 to the USD on the XRP Ledger and Ethereum.…