Ripple stablecoin unlikely to face legal trouble with SEC, XRP erases recent gains

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Ripple stablecoin unlikely to face legal trouble with SEC, XRP erases recent gains
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Ripple (XRP), the native token of the XRP Ledger slipped under $0.60, a key psychological support for the altcoin.

Ripple stablecoin RLUSD will be launched with a compliance first approach, unlikely to face legal trouble, says SVP. Markus Infanger of Ripple says stablecoin aims to capture market share, expected to grow bigger in the coming years. SEC vs. Ripple lawsuit remains unresolved, XRP traders await settlement. XRP hovers around $0.60 after losing key psychological support on Tuesday. Ripple , the native token of the XRP Ledger slipped under $0.60, a key psychological support for the altcoin.

https://t.co/VKqPGDoCHm Markus Infanger, SVP of RippleX, joined me to discuss the upcoming launch of Ripple's RLUSD. Topics: - Markus' background in TradFi - #Ripple's new Stablecoin $RLUSD - How #RLUSD will compete… pic.twitter.com/35qdrlYNma — Tony Edward July 23, 2024 The SEC vs. Ripple lawsuit awaits a final ruling. XRP traders await settlement in the legal battle between the regulator and the cross-border remittance firm.

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