Reported 1 day ago
Ripple has made a strategic $200 million acquisition of stablecoin payment company Rail to position itself for the anticipated growth of the stablecoin market, projected to reach $3.7 trillion by 2030. However, this move may pose a challenge to XRP's value. While Ripple aims to enhance its offerings by integrating stablecoins, the broader adoption could undermine XRP's primary use case, which is to facilitate faster and cheaper cross-border transactions. Analysts suggest the need for Ripple to adapt to a hybrid model prioritizing stablecoins for XRP to have a chance of reaching $4.
Source: YAHOO