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Ripple RLUSD investors warned against FOMO as stablecoin trades well above peg pre-launch – TON BOT

TON BOT

Ripple RLUSD investors warned against FOMO as stablecoin trades well above peg pre-launch

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Ripple CTO David Schwartz warns investors against panic-buying Ripple USD stablecoin before its official launch, citing possible initial supply shortage leading to price fluctuations. He advises against paying inflated prices for early access, emphasizing that the stablecoin’s price will stabilize around $1. Schwartz discourages fear-driven purchases and emphasizes RLUSD is not a speculative asset. Despite competition from other stablecoins, Ripple’s RLUSD aims to enhance institutional transactions and cross-border payments, approved by NYDFS and set for release soon.

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