Citigroup predicts the global stablecoin market may hit $3.7 trillion by 2030. Ripple’s acquisition of Rail, a stablecoin payment company, aims to position itself ahead of the trend. However, this move may threaten XRP’s value. The Genius Act’s recent passage could skyrocket the stablecoin market, creating competition for Ripple. Ripple offers RippleNet and ODL, with ODL requiring the use of XRP as a bridge asset. The adoption of stablecoins poses a threat to Ripple’s main use case. Ripple’s new strategy aims to integrate stablecoins, potentially reducing demand pressure on XRP. Ripple must prioritize stablecoins to remain relevant in the market. The Motley Fool Stock Advisor team doesn’t recommend XRP, citing other stocks with higher potential returns. Citigroup is an advertising partner of Motley Fool Money. The Motley Fool has positions in and recommends XRP.
Read more at Yahoo Finance: Can It Push XRP’s Price to $4?
