Ripple to launch U.S. dollar stablecoin, taking on a $150 billion market dominated by Tether, Circle
Blockchain firm Ripple said it’s launching a U.S. dollar stablecoin, marking an entry into the $150 billion stablecoin market.
The move will pit Ripple against stablecoin giants Tether, which is behind the largest stablecoin USDT, and Circle, the issuer of USDC.
Ripple is first launching its stablecoin in the U.S., but didn’t rule out offering additional regional stablecoins in non-U.S. markets like Europe and Asia.
