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

[Lyrrex]

In the Crypto sphere, where a token or coin drops in price above 50%, it's usually difficult for it to reach its initial price, except if much money would be pumped into it.

 

[Rainlover207]

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

 

[btaliat]

Though the company that created ripple tried. Even despite the fact that one of the co-founder has left, the coin is still trying to be relevant in the cryptocurrencies market. Their shady dealings put hem in the mess they find themselves.

 

[Akinwale701]

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.

For what reason could that take place? Is it because the price of ripple isn't encouraging these days? Stable coin maybe good but it has its own disadvantages, one of which is that it discourages people whose aim is to trade Cryptocurrency for short time and make their profits.

 

[Vladv26]

Regardless of what they are going to do now or in the future, Ripple company's reputation will always remain pretty much dirty. People don't really trust ripple anymore and if they launch a new stable coin I'm pretty sure it's not going to have the same succes as ripple coin had

 

[BrolySSJ]

For what reason could that take place? Is it because the price of ripple isn't encouraging these days? Stable coin maybe good but it has its own disadvantages, one of which is that it discourages people whose aim is to trade Cryptocurrency for short time and make their profits.

Perhaps it could be as a result of there being a lot of talks that the ripple company was supposed to provide some sort of security. After all I think that this is the basis of the lawsuit they have in the United States at the moment. Stablecoin I think we'll still have a pretty good usage and user base because many people would like to use it in order to try and secure the value that they have in the cryptocurrency market. With the cost of coins changing daily, a stablecoin that is able to ensure that we have a specific value is quite useful.

 

[Smithkid]

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

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• Thread starterBrolySSJ
• Start dateJan 21, 2021

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BrolySSJ​

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• Jan 21, 2021

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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.

 

[Eodine]

The lawsuit on ripple was forecasted to bring a negative change or price fall but I like the fact ripple did not let that affect them but instead are working on something better. I think that the introduction of this stable coin would have an advantage to the crypto currency

 

[Dowenship]

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.

If the coin is stable an its chosen by banks and exchangers its a way to increase there audiences, I.e more people willing to invest in the con. But stable coin as no future for me because we are not sure of the crypto future.

 

[Victor72]

Well I believe ripple coin company can develop a better coin in future, all they need is change of management, once this accur, they might have something good in future

 

[Sotherefore]

I don't see the need for them to make a ripple to be a stable coin because it will drastically bring down the price as people will start dumping it,but I believe what they should do is for them to try and settle the challenges they are facing now for the sake of ripple

 

[Josephjossy]

Maybe developing another crypto currency and make it a stable coin but talking about making ripples a stable coin, that's impossible. How can you make a cryptocurrency that is fast growing a stable coin. If they try it, that will loss every trust they have build with ripples

 

[BrolySSJ]

Maybe developing another crypto currency and make it a stable coin but talking about making ripples a stable coin, that's impossible. How can you make a cryptocurrency that is fast growing a stable coin. If they try it, that will loss every trust they have build with ripples

I don't think it is possible to convert a regular cryptocurrency into a stable coin because this would require that it be linked to a very specific Fiat currency in order to maintain that value and thus is generally something that is integrated into the network right from the beginning.

 

[Kelly5]

Of what use will it be for the ripple coin to go ahead and make a stable coin for themselves when they still have their failing coin that's still yet to make it to a dollar after so many years

 

[ahmedo24]

Ripple has partnered work lots of Banks for the purpose of cross border payment and remittances so this could be justification for them to launch a stable coin in the near future.

 

[Yusuf]

I don't think any company can just decide to develop a stable coin like that. This is mostly done different crypto currency exchange platform to help Investors hold their capital without any Volatility

 

[HayKay]

I hope this isn't a panic move by them? They should seek for more stable moves or better still, expand their services reach to make more people use them. That's the better way to go.
If they're sure of the coin's quick growth, then they're good to go

 

[Nomad]

I have no heard anything regarding the launch of stable coin from Ripple Labs, the creator of XRP. However, the possibility cannot be ruled out because we cannot undermine the importance of stable coin in minimizing the risk associated with the volatility of crypto currency market.

 

[Dowenship]

I don't think ripple company have the thought of creating a stable coin, usdt already gained the ground why will the company build a stable coin...

 

[joy101]

I actually we all believe that ripple in the future that ripple coin can suitable in the future so that the investors can make good money from the investment.