Ripple has entered the lucrative stablecoin market, valued at $150 billion, by introducing its own digital currency pegged to the US dollar, reports UnlockBC. This stablecoin will maintain a 1-to-1 backing with assets such as US dollar deposits, US government bonds, and cash equivalents held in reserve by Ripple. The company has committed to providing […]
Ripple scored a partial victory in its fight with the US Securities and Exchange Commission in a court ruling that brought a modicum of regulatory clarity for the cryptocurrency industry, reports Coindesk. The sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts, the US District Court of the Southern […]