SAN FRANCISCO--(BUSINESS WIRE)--Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced that Ripple USD (RLUSD) will be available on global exchanges starting tomorrow, December 17, 2024.
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Man, I'm also wary of financial advice cause I really truly don't know but I have invested in xrp. My understanding is that there are a 100 billion XRP. However, each time xrp is transacted a little gets burned. So each time there is a little less. The theory is banks and institutions will need xrp to send any cross border transactions. I guess in the crypto world, people like to park their withdraws in a stable coin, in this case RLUSD. People still use USDT but it's considered sketchy. But RLUSD is meant to stay at $1 and will probably replace USDT.
The token people invest in is XRP. We are beginning a bull run. In a bull run coins go way up drop way down the next day and shoot back up. It's an emotional roller coaster. Just so you know. All sorts of theories on how high the coin could go. Personally, I think it'll peak later this year drop a little but also could be a good long term hold.