Ripple's $200 Million Stablecoin Bet: Can It Push XRP's Price to $4?

The recent passage of the Genius Act, a regulatory framework that legitimizes the use of stablecoins in the broader financial market, could send the already rapidly growing stablecoin market parabolic -- reaching up to $3.7 trillion by 2030, according to an analysis by Citigroup.Ripple, the company behind XRP (CRYPTO: XRP), is making a bold move to position itself ahead of this trend. The company just spent $200 million to acquire Rail, a stablecoin payment company. So, what will Ripple's new strategy do for XRP itself? Will it finally be what sends the token price above $4, or will it undermine the central use case that drives much of XRP's value in the first place?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool