Ripple is entering the stablecoin market, whose capitalization recently reached $150 billion. The native token of the ecosystem, XRP, responded to the news with a slight increase. Meanwhile, Fezoo is attracting attention from investors keen on exploring new opportunities amidst the Bitcoin and Ethereum bull run. Its potential and the ongoing presale are capturing the interest of the crypto community.
Ripple New Stablecoin
Ripple’s stablecoin will be fully backed by dollar deposits and short-term US Treasuries. All reserve assets will be audited by a third-party auditing firm.
1/ The stablecoin market is booming – around $150B today, and projected to soar past $2.8T by 2028. There’s a clear demand for trust, stability, and utility.
That’s why later this year we’re launching a stablecoin pegged 1:1 to the USD on the XRP Ledger and Ethereum.…
— Ripple (@Ripple) April 4, 2024
“This is a natural step for Ripple as we continue to bridge the gap between traditional finance and cryptocurrencies,” said company CEO Brad Garlinghouse. At launch, the stablecoin will be available on the XRP Ledger (XRPL) and Ethereum (ETH) networks. Over time, support will be expanded to other blockchains, as well as decentralized finance (DeFi) protocols and applications.
Ripple (XRP) reacts with growth
Following the news of the launch of Ripple’s stablecoin, the ecosystem’s native token, XRP, rose in price by 4%. According to coinmarketcap, at the time of writing, the asset is trading at $0.5995.
The market capitalization of XRP, meanwhile, exceeded $33 billion. Daily trading volume jumped by 28% and now stands at $2 billion.
Fezoo position in the exchange wars
Contradicting traditional exchanges like Binance and Kucoin, Fezoo offers all the benefits of a decentralized exchange. Not only can their users log in without a KYC check but also ensure full control of their funds and enjoy passive income streams through their revenue-sharing system. The exchange also offers the use of trading bots, where users can reduce the time of placing the trades and let the AI do it for them.
Fezoo is still in the first stage of its presale
With the audit successfully passed, the token is priced at $0.013 with ample room for growth as all presale investors will earn a revenue share of the platform fees for as long as they hold the tokens. This means that the presale investors are unlikely to sell in the opening days, leading to a lower risk of the token price dropping down at the start. Lower Fees Fezoo will compete to have the lowest fees across any decentralized exchange.
Why Fezoo (FEZ)?
Investors can earn passive income by staking their tokens and providing liquidity to popular trading pairs on the Fezoo exchange. Additionally, 50% of the fees generated from trading will be split among all presale token investors, which will be proportionate to their total holdings. Moreover, investors can interact with trading bots on Fezoo, allowing their money to work for itself without the hassle of submitting specific trades manually.
Furthermore, since Fezoo is a decentralized exchange, it will never ask investors for their identity documents, ensuring a seamless sign-up process and allowing them to start trading straight away. Enjoy the convenience of instant deposits and withdrawals, eliminating any waiting time for funds to hit their accounts or wallets. With Fezoo offering a large variety of markets, investors can trade or add liquidity from anywhere, enhancing their trading experience.
