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XRP News: Ripple CTO Warns as RLUSD Launch Sparks $1,200 Price Offer

  • Ripple CTO David Schwartz warns against early speculative RLUSD purchases as prices may temporarily spike due to supply shortages and launch excitement.
  • RLUSD's price is expected to stabilize near its $1 peg as supply normalizes, reflecting its design as a compliant and reliable stablecoin for practical use.
  • Ripple is preparing to launch RLUSD stablecoin following approval from NYDFS.
  • Initial price spikes reaching $1,200 are driven by speculative excitement, but are unsustainable and will stabilize near $1.

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