Ripple Stablecoin Set to Disrupt Markets with USD-Backed Launch

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In a recent interview, Reece Merrick, Ripple’s Middle East and Africa Managing Director, shared his confidence in the company’s plans to launch a new stablecoin. He pointed to the success of existing USD-backed stablecoins like USDT and USDC as a positive sign for Ripple’s venture.

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Merrick emphasized Dubai’s progressive regulatory environment, describing it as a key factor in Ripple’s decision to explore more opportunities in the region. He called Dubai’s regulations “forward-thinking” and said they create an ideal base for Ripple’s expansion in the Middle East and Africa.

“Dubai offers a strong network and countless opportunities for Ripple to advance its mission,” Merrick noted. Ripple has been active in the region for four years, focusing on fintech growth and increasing crypto and blockchain adoption.

Merrick highlighted that the stablecoin market, currently valued at $150 billion, is expected to reach $2.8-$3 trillion by 2028. He stressed the need for compliant and regulated businesses to enter this space, positioning Ripple’s proposed USD-backed stablecoin as a necessary addition.

Ripple's Reece Merrick on The #Ripple Stable Coin. @Ripple has spent 12 years building a crossborder offering. We have the infrastructure. The stable coin was the next evolution of that. pic.twitter.com/bxE7eYIxW4