XRP-Backed Stablecoin in Development—Experts Claim It May Become the Hardest Money in History
Move over, Tether—a new contender is entering the stablecoin arena, and it's got XRP purists buzzing.
Ripple's native asset could soon back what developers are calling 'the most resilient stablecoin ever created.' Here's why it matters.
The XRP Factor: Built for Speed, Now Backing Value
Unlike fiat-pegged stablecoins, this XRP-collateralized project promises settlement times under 3 seconds with built-in liquidity from Ripple's ODL corridors. No more waiting for banking hours—just 24/7 hardness.
Why 'Hard Money'? Try These Numbers
The proposed model uses 200% overcollateralization in XRP—because apparently crypto lenders didn't learn enough from the 2022 crash. Audits will verify reserves quarterly (take notes, Tether).
Bankers Hate This One Trick
By bypassing traditional banking rails entirely, the stablecoin could slash cross-border fees by 80%. Western Union's compliance department just felt a disturbance in the Force.
Will it work? Maybe. Is it another attempt to make 'stable' crypto actually stable? Absolutely. But in a world where central banks print money like Monopoly tickets, a little hardness might be revolutionary.
Source: Flare
Overall, the idea of a stablecoin backed by XRP with native yield opens a new frontier for the XRP ecosystem. The asset is traditionally associated with institutional payments and liquidity corridors. However, this development could further expand its role into decentralized finance.
