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Ripple challenges industry giants with new stablecoin

Ripple has launched a stablecoin pegged to the US dollar, looking to disrupt a market dominated by two incumbents.

XRP has become the unlikely white knight of crypto, thwarting its regulatory foes and dragging the market out of the doldrums.

A run of favourable regulatory and investment moves has started to shift momentum in cryptocurrency markets.

The judgment is a landmark legal victory for the cryptocurrency industry and sent the value of XRP soaring.