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2024-04-10 05:57:03

Ripple Enters Stablecoin Market as Tether’s Success Sparks Competition

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 …

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