Ripple can grow considerably in the coming period due to this stablecoin addition – PGz

Ripple has taken a big step in the Stablecoin world with the official launch of USDC on the XRP Ledger (XRPL). As the second largest Stablecoin in the world (based on market capitalization), the integration of USDC is seen as a powerful step. With a market capitalization of $ 61 billion, the presence of USDC on XRPL offers new possibilities for developers and settings that USDC want to mint and exchange directly on the blockchain.

Why is USDC on XRPL such a Big Deal?

The launch of USDC on XRPL introduces a very liquid and regulated Stablecoin on a network that is already known for its ultra -fast transactions and low costs. This combination of USDC with the advanced blockchain technology from XRPL gives developers a strong platform for building decentralized financial (Defi) applications.

This step adds extra credibility to Xrpl, because it positions the ledger as a strong competitor in the world of Stablecoins and Enterprise Blockchain. Ripple’s long-term legal ally, John Deaton, celebrated this launch as a “huge step” for both XRPL and the wider XRP ecosystem. He called the collaboration a “force move” that could shift the power relationships within the blockchain industry.

Ripple vs Circle: the rivalry around Stablecoins

The integration of USDC in XRPL has evoked new speculation about Ripple’s relationship with Circle, the publisher of USDC. Some think that Circle’s decision to launch USDC on XRPL is a strategic move to compete with Ripple’s dominance in the field of world payments. Earlier there were rumors about a rejected $ 5 billion from Ripple to Circle, but the deal never went on.

Nevertheless, Circle now works together with Ripple instead of competing directly, which strengthens the argument for the growing influence of Xrpl in the world of Stablecoins.

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Defi growth on XRPL: Is there a price increase on the way?

The growth of decentralized financing (Defi) on XRPL is another positive signal for investors. The Total Value Locked (TVL) in Defi projects on XRPL has shown impressive increases.

Today the value of Ripple is € 1,8667. In the last 24 hours the rate has fallen slightly with € -0.0551, which amounts to a fall in ▼ 2.95%. Despite this small fluctuation, the market remains full of dynamics, and Ripple remains an interesting player to keep an eye on.