USDX: an XRP-Backed Stablecoin? Ripples Xpring Invests In XRP Stablecoin Use Case.

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USDX: an XRP-Backed Stablecoin? Ripples Xpring Invests In XRP Stablecoin Use Case.

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46 COMMENTS

  1. I don't think xrp has addressed price fluctuation issues when it comes to remittance payments and moving value from bank to bank… don't think USDX addresses this.

  2. The most important part of USDX is that it’s a 3rd generation stablecoin that is fully decentralized

  3. I've noticed a lot of confusion in the comments here about whether or not USDX stablecoin is backed by XRP. According to this article by AMB Crypto, the answer is "yes." It's under development now by Kava though they are still determining the feasibility of the project. Here is a link to the story: https://ambcrypto.com/xrp-backed-stablecoin-usdx-is-under-development-confirms-kava-labs-co-founder/amp/?utm_source=twitter.com&utm_medium=social&utm_campaign=xrp-backed-stablecoin–usdx–is-under-de&utm_source=twitter.com&utm_medium=social&utm_campaign=xrp-backed-stablecoin–usdx–is-under-de&__twitter_impression=true

  4. The start of getting into the SDR is the stablecoin phase this is lit xrp is about to be the US dollar of cryptocurrencies hodl

  5. XRP crap stable coin headed back to 30 cents as David Schwartz trashes his Ripple price. I warned you all to dump. Novogratz pump is trading sideways before it heads down another 20 percent. Mike Novogratz does this same pump every few months.

  6. This could potentially be huge. The more XRP that gets locked away, the higher the value and to have some out there that's actually backed by XRP is massive! Unlike the U.S. dollar that's backed by nothing but your hopes and dreams that it will always remain being worth a dollar. Zoom out! XRP! HODL!

  7. PROTECT THE XRP COMMUNITY~!!! RIPPLE SHOULD BURN/DESTROY 90% of their 55 billion coins that they hold in escrow! It will be fair to the investors in XRP! They own such a massive supply close to 55 billion that they did not buy or invest…. they just pre-mined and are allowed to sell it ''slowly'' indefinitely! That's called a never-ending ICO!!! they sold 535 million last year, and have just released another billion to sell this month and can do so every month until they sell their 55 billion. IF YOU REALLY WANT THE XRP PRICE TO GROW THEN AS A XRP COMMUNITY YOU NEED TO DEMAND that 90% of there 55 billion XRP coins get burned and destroyed never to be sold! This will help with decentralization, demand will increase value in the coin instead of the company selling it equal to the market demand thereby making the price unchanged! ELSE we should fight for it to be legalized as a security

  8. PEG definition- fix (a price, rate, or amount) at a particular level.

    synonyms: hold down, keep down, fix, set, hold, control, freeze, limit

    "we decided to peg our prices"

  9. I said months ago that they should move into the domestic market for use case purchasing etc. Great news

  10. If
    i can get 50,000k xrp in my wallet..I will get me XRP tattoo and will
    do a video of it. I must be the poorest XRP hodler 🙁
    rapknC8MQMqQqf1mkSNQYxfYpqSfJ9Em2i. I believe in XRP and the
    conversation i will be having with the public about XRP tattoo and
    exposure shall cover for this generous contributions from the XRP
    family

  11. Alex, if stable coins require the xrp backing them to be locked up, then less xrp will be in circulation.

  12. Ok, had a hell of a time finding it. If you go to xrpbank's Twitter then somebody in the thread posted this link. It's burried in Kava's GitHub pretty good, impossible to find without that link. https://github.com/Kava-Labs/usdx/blob/master/validators/validator_economics.md

  13. THIS IS NOT GOOD NEWS

    IT'S NOOOOOT.

    IF XRP BECOMES A STABLE COIN THAT MEANS IT WILL STAY AT $1 USD FOREVER

  14. lol… this video will be deleted soon ? along with twitter post ? .. or am i missing something

  15. Thanks for the mentions Alex. I just dont have the time i use to. Ill try and catch you in the next live stream. Keep up the great content. 👌👍👍👍👍👍👍

  16. Let’s see how this plays out with the ideology that XRP was designed for a high value.

  17. Watch out for these scammers “oh I was losing but xxxx helped me turn .9 BTC INTO 16 btc. Etc etc total scammers stay way from these bot scammers

  18. Anyone notice Satoshi Nakamoto as one of the accounts in that usdx wallet?!? 🤔🤔🤔

  19. Good stuff Just let people know not to. Sell their XRP profits into USDT when XRP moons that will catch tether out big time
    See you all on the beaches of the world with XRP

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