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XRP Falls Below $1 After New Ripple Deal in Korea

XRP Falls Below $1 After New Ripple Deal in Korea

Ripple is expanding in South Korea with Jeonbuk Bank, but it does not name an asset for settlement. That raises the question of whether RLUSD is becoming more important than XRP itself.

Stablecoins are cryptocurrencies designed to maintain a stable value.

Stablecoins are usually pegged to a fiat currency such as the U.S. dollar or the euro. They are often used to move value quickly, trade, or temporarily step out of volatility.