The post Is the SEC Coming For “Ripple Stablecoin” Next? appeared first on Coinpedia Fintech News
The world of USD-pegged stablecoins is on fire, inching closer to a staggering $165 billion milestone! Fresh faces like Ethena’s USDe and heavyweights like PayPal and Ripple are shaking things up in this fiercely competitive arena. Ripple, especially, is aiming for the stars, foreseeing a jaw-dropping $2.8 trillion market by 2028. While Ripple sees stablecoins as a vast opportunity for crypto, the SEC finds it as a future violation of security law.
What’s driving SEC’s move? Let’s find out.
SEC’s Took a Jab at Ripple’s Stablecoins
Interestingly, Ripple’s stablecoin project finds itself under the SEC’s radar even before its official launch. In their recent filing, the SEC reiterated the status of stablecoin as an “unregistered crypto asset.” The SEC’s argument revolves around Ripple’s history of selling unregistered XRP, suggesting potential fu
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