Circle CEO praises Ripple for launching own stablecoin on XRP

CAT April 4, 2024 1 min read

Oluwapelumi Adejumo

Jeremy Allaire, the CEO of stablecoin issuer Circle, has welcomed Ripple’s entrance into the market. Earlier today, crypto firm Ripple revealed plans to launch a stablecoin that would be 100% backed by US dollar deposits, government bonds, and cash equivalents. In response, Allaire said it was “encouraging to see more companies taking a compliance-first approach […]

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Circle CEO praises Ripple for launching own stablecoin on XRP

Tags: #bitcoin #blockchain #cryptocurrency #eth btc Ethereum

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