Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Jentot on September 22, 2020, 08:36:34 PM

Title: Stablecoins receiving SEC, OCC’s approval; will there be Ripples?
Post by: Jentot on September 22, 2020, 08:36:34 PM
Stablecoins receiving SEC, OCC’s approval; will there be Ripples?

As the digital asset space remained occupied with price movement, a landmark decision was announced as Stablecoins became the first crypto assets to receive regulation clarity. According to an official press released by the Office of the Comptroller of the Currency (OCC), national banks were given the green light to hold deposits of stablecoins..

See more for yourself here (https://eng.ambcrypto.com/stablecoins-receiving-sec-occs-approval-will-there-be-ripples/).
Title: Re: Stablecoins receiving SEC, OCC’s approval; will there be Ripples?
Post by: kent47400 on November 03, 2020, 11:24:07 AM
I don't expect Ripple to become a stable coin because Ripple already has a whitepaper that is 30% non-centralized.
If Ripple wants to make its coins stable, Jade McCalleb will have to rack his brains to create a Stable coin based on the Ripple blockchain.
Title: Re: Stablecoins receiving SEC, OCC’s approval; will there be Ripples?
Post by: jonathancool220 on November 22, 2020, 10:26:36 AM
Ripple is still Ripple and that won't make RIpple a stable coin.
The stable coins created won't experience an extreme drop in price like the Ripple thing.

But for SEC acceptance, it is certain that this stable coin will greatly benefit from its various visions and missions.
Title: Re: Stablecoins receiving SEC, OCC’s approval; will there be Ripples?
Post by: Review Master on November 24, 2020, 08:01:10 AM
Quote from: jonathancool220 on November 22, 2020, 10:26:36 AM
Ripple is still Ripple and that won't make RIpple a stable coin.
The stable coins created won't experience an extreme drop in price like the Ripple thing.

But for SEC acceptance, it is certain that this stable coin will greatly benefit from its various visions and missions.
That's absolutely right for ripple and there won't be any effect on ripple for this actions as more bank will still use ripple for their payment. But most of the fiat lovers will try to convert their crypto into stablecoin to deposit on bank treasury, imo.
Title: Re: Stablecoins receiving SEC, OCC’s approval; will there be Ripples?
Post by: Malam90 on November 28, 2020, 04:44:35 AM
Quote from: Jentot on September 22, 2020, 08:36:34 PM
Stablecoins receiving SEC, OCC’s approval; will there be Ripples?

As the digital asset space remained occupied with price movement, a landmark decision was announced as Stablecoins became the first crypto assets to receive regulation clarity. According to an official press released by the Office of the Comptroller of the Currency (OCC), national banks were given the green light to hold deposits of stablecoins..

See more for yourself here (https://eng.ambcrypto.com/stablecoins-receiving-sec-occs-approval-will-there-be-ripples/).

Its a good new for stable coins. If stable coins are given green signal and national banks gives chance to deposit stable coins, it will good for crypto flourishment.

Ripple isn't stable coin in nature. It is still used in Banks as a method of payment calculating with present value. Their is far difference between Ripple and Stable coins' nature. Ripple is the first digital centralized coin and has been using it as a payment in many banks but stable coins are used as a base currency like USD, EURO etc which value never fluctuate normally hence Ripple is fluctuate-able currency. 
Title: Re: Stablecoins receiving SEC, OCC’s approval; will there be Ripples?
Post by: IyemRoker on December 12, 2020, 11:30:20 AM
If Ripple becomes a stable coin, then I will be fine.
I don't mind that because it is purely his right to change the price of all the Ripple Devs.

But unfortunately, maybe Ripple will lose market capitalists because Ripple could go up to number 3 it is not a stable coin.
Coins that are unstable are very easy to take advantage of and lose and this is the hallmark of Ripple.
Title: Re: Stablecoins receiving SEC, OCC’s approval; will there be Ripples?
Post by: superman22 on December 12, 2020, 11:39:51 AM
Ripples price always move up and down which is what it goes whereas stable coins are just at fixed or near fixed so that it becomes stable for long time.