Circle CEO praises Ripple for launching own stablecoin on XRP
Jeremy Allaire, the CEO of stablecoin issuer Circle, has welcomed Ripple’s entrance into the market. Earlier today, crypto firm Ripple revealed plans to launch a stablecoin that would be 100% backed by US dollar deposits, government bonds, and cash equivalents. In response, Allaire said it was “encouraging to see more companies taking a compliance-first approach...