The post Ripple Enters Stablecoin Market as Tether’s Success Sparks Competition appeared first on Coinpedia Fintech News With Tether’s remarkable earnings in 2023 setting a benchmark for stablecoin profitability, Ripple seizes the opportunity to launch its USD-backed stablecoin, aiming to challenge Tether’s dominance and tap into the lucrative stablecoin market. Tether’s Financial Success and Ripple’s Strategy Tether’s annual net income in 2023 was an impressive $6.2 billion, which shows the high profitability …