RLUSD Launch Is ‘Not An Opportunity To Get Rich,’ Ripple Executive Cautions
Posted On December 16, 2024
Ripple Labs CTO David Schwartz has issued a warning to investors about potential price volatility as Ripple‘s RLUSD stablecoin goes live.
What Happened: “As RLUSD goes live, there may be supply shortages in the very early days before the market stabilizes,” Schwartz said on Sunday on X.
He pointed out that while someone might pay significantly above $1 for a fraction of an RLUSD during the launch phase, such prices are unsustainable.
“Rest assured, the price will come back to very close to $1 as soon as supply stabilizes. If it doesn’t, something is very seriously wrong.”
Schwartz also advised against …
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