The level of scams around the $XRP coin is surging rapidly as the developments around Ripple & $XRP coin are getting hype.
Ripple, a San Francisco headquartered blockchain firm, is currently preparing to launch its stablecoin $RLUSD. The whole development work on this stablecoin has been done by the Ripple team & has been waiting for regulatory approval from the financial regulatory body of NewYork.
On 11 Dec 2024, Ripple CEO Brad Garlinghouse confirmed that the company had final approval from the New York regulators for $RLUSD.
Garlinghouse confirmed that soon the Ripple team will announce the launch of this stablecoin with its partner exchanges.
Ripple CEO said that the announcement will come from the Ripple team first, so people should ignore any kind of related announcement by a third-party platform or person.
The Ripple team warned people to remain away from any kind of scam or third-party misleading information.
Interestingly a scam X (formerly Twitter) account responded to the tweet & asked people to join a fake $XRP coin giveaway. That suspicious account successfully dragged attention via using the information related to the $XRP lawsuit battle against the American securities regulatory body SEC.
$XRP price action
The current trade price of $XRP, a Cryptocurrency supported by Ripple, is $2.36. Following the latest news related to $RLUSD, the trade price of $XRP coin started to show a significant pump. The current trade price level is 6.3% high over the last 24 hours.
It will be interesting to see the pump level in this Cryptocurrency because almost every old crypto investor knows very well that $RLUSD will remain independent of the $XRP economy.
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