Ripple plans to launch its own stablecoin later this year "100% backed by US dollar deposits, short-term US government Treasuries, and other cash equivalents" (Sam Kessler/CoinDesk)

Sam Kessler / CoinDesk:

Ripple plans to launch its own stablecoin later this year “100% backed by US dollar deposits, short-term US government Treasuries, and other cash equivalents”  —  The token will be “100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents.” according to the company.