Ripple presented a material about stablecoins

Company Ripple presented a material about stablecoins.

Company Ripple recently presented a material about stablecoins. Key points are as follows:

2022 might well be remembered as the Year of the Stablecoin. Despite getting off to a rocky start with the implosion of Terra, the stablecoin sector rebounded to reach a new high of $1 trillion in monthly trading volume in August, and has been on the agendas of the World Economic Forum, the Committee on Payments and Market Infrastructure and U.S. regulators as they continue to evaluate its role and impact on economic markets.
As stablecoin growth continues, and more use cases are explored in the broader crypto landscape, Ripple has also picked up the pace and gained traction with new partners like Stably and STASIS. Together with Ripple, they’ll be tapping the XRP Ledger (XRPL) as a fast, low-cost and scalable blockchain that offers clear liquidity, reliability and interoperability advantages for stablecoin issuers.
XRPL is best-suited to support stablecoins at scale. Built to support the tokenization of any asset, the XRPL can handle a high volume of transactions that settle in mere seconds and cost only a fraction of a cent. This native token functionality also makes it easy for issuers to create, issue and manage any asset without the need for a central intermediary. The XRPL’s built-in Authorized Trust Lines feature also ensures that stablecoins and other issued tokens can only be held by accounts that the issuer themselves authorizes for an added layer of security.
This powerful combination of security, reliability and interoperability is what led STASIS—which issues the largest euro-backed stablecoin, EURS—to integrate the XRPL. As a public decentralized chain with high levels of liquidity and accessibility, the XRPL also provides easy on and off-ramps for developers, institutions and consumers to unlock new stablecoin use cases.
Web3 payment infrastructure provider Stably recently chose to issue its USDS stablecoin on the XRPL because it offers liquidity and settlement at scale for tokenized assets. Stably was keen to combine its industry-first, regulatory-compliant stablecoin with an ultra-fast, low-cost public blockchain built for payments and known for its emphasis on compliance and transparency. Stably enables individuals and businesses from 200+ countries to mint and redeem USDS directly on the XRP Ledger.