The crypto firm Ripple is the latest major player to enter the $150 billion stablecoin market with the launch of a digital currency tied to the dollar. The stablecoin is always backed in 1 to 1 by an equivalent sum of assets the company has in reserve — U.S. dollar deposits, U.S. government bonds and cash equivalents — that it does not say which company will audit. Ripple is first launching its stablecoin in the United States, but did not rule out offering additional

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The crypto firm Ripple is the latest major player to enter the $150 billion stablecoin market with the launch of a digital currency tied to the dollar. The stablecoin is always backed in 1 to 1 by an equivalent sum of assets the company has in reserve — U.S. dollar deposits, U.S. government bonds and cash equivalents — that it does not say which company will audit. Ripple is first launching its stablecoin in the United States, but did not rule out offering additional

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