Ripple’s (XRP) case with the US SEC has taken the backstage next to the latest developments out of Ripple Labs. While the lawsuit is still not completely resolved, pressure has switched sides, as the SEC has only a few more weeks to come up with their appeal.
Away from the Ripple vs. SEC case, XRP traders are about to get a huge boost in the ecosystem. Ripple’s own stablecoin is coming, and the only excitement that beats that is this new DeFi project launching on Ethereum. Continue reading to learn more!
Ripple Updates: Stablecoin to Rival Established Players
The Ripple network has suffered some level of stagnation in token price for the better part of the last three years, as the lawsuit against the SEC has caused relative disinterest from investors. Those same investors may be looking to come back as Ripple has picked its moment for an announcement.
Ripple’s developers are in the final stages of unveiling the Ripple stablecoin, RLUSD. For some years, the stablecoin market has been growing, offering crypto users a standard for swapping fiat for crypto and vice versa.
Now, Ripple will be entering that rank of stablecoin merchants, joining MakerDAO, Circle, and Tether. But there’s a catch to it!
RLUSD Might Not Be Directly Available to Everyone
Recent statements from Ripple CTO David Schwartz reveal that the Ripple stablecoin won’t be widely accessible to all traders in the crypto market. Much like the pre-existing stablecoins, RLUSD will only be directly available to institutional traders.
One of the reasons is to reduce the risk of money laundering attempts that are common with easily accessible stablecoins. On the other hand, retail traders often find such assets as RLUSD useful in keeping their assets temporarily, so shutting them out from using the stablecoin can affect its adoption.
Such users–retail traders–can get RLUSD from crypto exchanges in the same way USDT and USDC are accessible on exchanges. The RLUSD is also going to be compatible with Ethereum, widening its use cases in the markets.
DTX Exchange Brings Improved DeFi Experience to Everyone
Stablecoins are a fairly recent addition to the DeFi space, and as Ripple makes its way into decentralized financial services properly, XRP has competition already.
DTX Exchange is a new layer-1 trading platform launching on the Ethereum blockchain. While many trading platforms focused mostly on Web2 features, offering regular trading, analysis, and, sometimes, wallet services, DTX aims for a newer perspective.
The project is directed at Web3, allowing the users there to access quality financial services even while they deal with a virtual world. It simply follows that the DTX Exchange features come with an upgrade over the regular features.
And they do pack quite the punch, as users will be treated to fast transaction processing (0.04 seconds per transaction), an extensive list of possible trading assets, and Ethereum compatibility.
There are several more reasons to choose DTX Exchange, and if you are still looking for something outstanding, the DTX presale is here!
The DTX Presale: $0.06 to $0.08, and to the Moon!
Although the DTX presale is still in Stage 3, investors are already thrilled and anticipating the 33% gain that awaits them in Stage 4 when the token’s price goes up from its current $0.06 to $0.08, and that’s just for a start.
There have been whispers among expert circles about a possible 100x surge when DTX eventually launches, and crypto enthusiasts cannot be more excited about the prospect of flipping $100 to $10,000 or more. Why not join them now?
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.