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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.
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Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC
![Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk](https://morinda.info/wp-content/uploads/2024/04/H3HCUZ7CA5EBBFHFIODGUCXXTQ.jpg)
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