DOOKV: Ripple unveils stablecoin as BTC whales pivot to Render rival for growth

Ripple (XRP) looks to increase liquidity and utility on the XRP ledger by launching a new stable coin that’s attached 1: 1 to the US dollar. The stablecoin will be backed by short-term US government treasuries, USD deposits, and other equivalents. 

DOOKV Ripple Labs plans to have its new stablecoin audited by a third-party accounting and issue monthly attestations. 

The launch of the new stablecoin will be Ripple Lab’s first entry into the fast-growing stable coin market that gives investors a less volatile way to engage with cryptos. The value of the stablecoin market is estimated at around $150 billion at the moment, but Ripple’s analysts predict it will reach over $2.8 billion in the coming years. 

InQubeta (QUBE) will issue its tokens on exchanges in the coming months as its presale draws to an end. Over $13.2 million has been raised so far, earning those who invested during the first stage 300% returns on their investments. The emerging crypto aims to redefine how investments in the artificial intelligence (AI) space work.