Ripple Labs is to launch a stablecoin as a revival in the price of bitcoin draws investors back to the digital asset market. The US group said this week that it would create a token that it hopes will allow asset managers and banks to trade securities on blockchains.
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Ripple Labs joins stablecoin rush amid crypto market revival
“Our assessment of the market shows very clearly stablecoins are playing an important role,” Infanger said. “They’re here to stay and they’ve been growing significantly, and we firmly believe the growth will continue to be very strong.”
