Could the ripple company be looking at developing a stable coin in the future?

[BrolySSJ]

As we all know ripple is currently undergoing a lawsuit which will begin towards the end of February 2021. However it seems that ripple is not sitting idly by while this lawsuit is happening and that they are working on alternative Projects. In fact it seems that a stable coin may be on the horizon for the ripple company.

This was hinted at in a statement given by the CEO and CTO. Do you think that the possibility of introducing the stablecoin will be able to save the ripple company even if there is an unfavorable outcome to the lawsuit?

If the stable coin is chosen by some of the bank and exchanges then it can really be a way for ripple to recover from the losses of this recent lawsuit.

 

[Bilal0087]

I think it is very difficult to stabilize ripple coin because in the world of Crypto thousands of coins are present and they all have to compete with others for survival. For the stabilization of ripple coin, millions of people required to buy it, to increase the buy pressure and enhance its demand and supply in the market to increase its worth, which is not easy task.

 

[Kayzzy3]

As we all know ripple is currently undergoing a lawsuit which will begin towards the end of February 2021. However it seems that ripple is not sitting idly by while this lawsuit is happening and that they are working on alternative Projects. In fact it seems that a stable coin may be on the horizon for the ripple company.

This was hinted at in a statement given by the CEO and CTO. Do you think that the possibility of introducing the stablecoin will be able to save the ripple company even if there is an unfavorable outcome to the lawsuit?

If the stable coin is chosen by some of the bank and exchanges then it can really be a way for ripple to recover from the losses of this recent lawsuit.

That will be the best option for the team, diversify! They have made a mistake with their Ripple project but it is not the end, the have a bright business plan and have already made a loud statement on the crypto space, I'd expect them to build on that.

Stable coin won't be a bad idea and i don't mind receiving some from coin from them. Please I will appreciate a steady update on that project.

 

[Prettybabe]

If creating a Stable coin is going to help Ripples company to recover fully from whatever effect the law suit is having on them. Then should by all means go for it.

It is a welcomed idea as long as it going to bring progress and also give people who already invested in Ripples hope.

 

[Donkiz]

For one to survive in business you need to be innovative and proactive, the court issue between ripples and US SEC has done lots of damage to the coin which the company need to find a way to salvage. The company is trying to be proactive by launching an improved coin which is a good way forward because no one knows how long the suit will last, and no matter the outcome of the judgement the ripple coins will be affected, so the company is hoping for the best while preparing for the worst.

 

[Sotherefore]

I think that should be the best thing they should do because it will help them to recover of whatever losses they might have encounter, even me I'm an investors in ripple coin and I expect them to try as much as possible to make the ripple to be as valuable as because this will also attract a lot of people to invest in it and this will make ripple as a coin to be valuable which can guarantee it of becoming another bitcoins in the nearest future.

 

[Nurudeen]

Yes I believe the ripple coin can be a very solid coin in the future but as it is now their coin is still very unpredictable in the crypto currency exchange Business due to the lawsuit slammed on them by US Sec. If any Investors want to buy ripple at the moment they should just seek for long term opportunity on the coin.

 

[Sake]

Well yeah they can do it and instead of XRP they could work with it with banks. I think a coin that is stable not at $1 is a good ides to make it unique because we already have some stable coins at $1. It might work but it will take time because they already have spark for now

 

[Erik4150]

I don't think ripple will be developing a stable coin anytime soon. It's too early to speculate. It is better to monitor the situation and see how the lawsuit from SEC goes. Because that is what will determine if ripple will develop a stable coin.

 

[WhiteHouse]

Yes absolutely, now they have more experience, they know better and won't break any regulations so as to avoid what happened to the XRP coin, and ripple has a company have been phenomenal

 

[BrolySSJ]

That will be the best option for the team, diversify! They have made a mistake with their Ripple project but it is not the end, the have a bright business plan and have already made a loud statement on the crypto space, I'd expect them to build on that.

Stable coin won't be a bad idea and i don't mind receiving some from coin from them. Please I will appreciate a steady update on that project.

As I get to know about this project I will keep you all updated on it either through this topic or with another thread depending on the type of development that is taking place

I think that it will be a very good idea to have to diversify at this point, but the question that arises in my mind is, will they have enough capital to do this? Generally if they lose the lawsuit there may be a huge settlement that needs to be paid out, so will they be able to sustain this financial investment into future projects such as this one?

 

[alberello75]

Well, if you want to know my opinion about Ripple, I can tell you that I foresee, whatever outcome its legal case will finish, Ripple anyway could have a fairly stable cryptocurrency.

 

[Ralphjoe]

This is a great strategy from ripples, I believe they came up with the this plan or strategy so as to offset the loss they will experience as a result of the lawsuit that the US sec has instituted against them.

 

[Goodday]

I believe the ripple company is doing anything possible to save the ripple coin from crashing in this period of the lawsuit. Introducing the stable at least can help them recover from any loss that might arise from the lawsuit but this might also take time too.

 

[Ehizzy1]

Well i don't think they should focus on building a stable coin , they should first focus on the law suit case because once it is removed , the would really gain more trust from users abd this would really help ripple growth , and creating another stable coin might create another confusion , since many won't even want to use the coin since it comes from ripple and its on going law suit case

 

[Kamon c4]

Ripple is currently facing a lawsuit filed by the USA SEC. Ripple was charged for breaking the regulations of practice. The outcome of the lawsuit will give dimensions to decions made by ripple. Starting a stable will be a good idea but I don’t think it’ll be Easy gaining the trust of investors. A lot of investors lost their trust in ripple and sold off their XRP. Wining the trust of investors should be the topmost priority of ripple

 

[Damscooguns73]

Concerning if ripple coin can be looking a stable coin in the future. Well, If stabilization of their coin will bring progress and save them from their lawsuit, they should consider and look for a way out to come out stronger or if they have alternative options which will suit them and their investors, so let them initialize it

 

[Josemendez]

The fact is that ripple need to first work towards getting out of the lawsuit presently ,so that they can be able to achieve their goal of either increasing the value of the coin or making it a stable coin. However if they make it a stable coin , they will lose investors .

 

[Trojan8]

I actually believe they would win this lawsuit, there's a lot at stake for a million dollar business to just go down that way. The most likely scenario is a settlement and both parties would go home happy. I am actually looking at investing in Ripple soon, price would boom after the lawsuit.

 

[giddy]

However, the outlook for Ripple and XRP in the coming year looks bleak, with some cryptocurrency investors expecting XRP to continue its long-term decline that's seen it lose over 90% of its value since its early 2018 highs. "Тhe prospects for a transformative 2021 for Ripple seem utopian now.