XRP Ledger Launches First Native Stablecoin

The XRP Ledger has reached a significant milestone with the introduction of its first native stablecoin, initiating a new era of expansion and positioning itself strongly in global liquidity.

Importance of the Native Stablecoin for XRP

The launch of XRP’s first native stablecoin on the Flare Network signifies important progress within the XRP ecosystem. Onur, a trader and ambassador to NEARProtocol and Somnia_Network, stated on X that this stablecoin aims to enhance utility for XRP and develop new liquidity channels for its holders. This project is part of Flare Network’s strategy to broaden the adoption of FAssets.

Onur highlighted that the stablecoin utilizes a tested collateralized debt position (CDP) and stability pool model. He views this as a crucial step towards establishing a self-sufficient DeFi layer on Flare that generates liquidity internally rather than relying on external assets. Onur concluded with speculation about the demand from XRP holders for liquidity through this product.

A report by technical analyst ALLINCRYPTO indicates that Ripple is aiming for the XRP Ledger to become a leading platform for institutional DeFi. Notable milestones include achieving over $1 billion in monthly stablecoin volume and ranking highly in real-world asset tokenization activities. Additionally, the report noted the ongoing development of zero-knowledge proofs (ZKPs) for the XRPL to achieve a balance between user privacy, compliance, and scalability.

Analysts Targeting XRP

Fabio Zuccara, an Italian crypto expert, has observed a change in market sentiment regarding XRP, highlighting ambitious price predictions from notable Wall Street analysts, estimating XRP’s worth between $10,000 and $35,000.

Zuccara argues that the XRPL’s adoption for real-world assets (RWAs) is set for rapid growth. He references the $653.39 trillion global real estate market that is preparing to transition to the XRPL via the Real token, which commenced with a limited supply of 100 million tokens—80% of which has already been burned. This scarcity may create significant supply pressure.

Zuccara illustrated that if only 1% of the $650 trillion market flows through the XRPL, the Real token’s value could jump from $0.023 to $64,500, presenting a possible overnight transformative supply shock and positioning the Real Token as a leading RWA and DeFi asset on the XRP Ledger.

Chart from Tradingview.com