After the explosion of the XRP price, investors are anxiously awaiting the launch of RLUSD, Ripple's stablecoin. But CTO David Schwartz warns against FOMO.

The Chief Technology Officer at Ripple, David Schwartz, warns on X of FOMO and a potential supply shortage at the launch of stablecoin RLUSD. "With the launch of RLUSD, there may be supply shortages in the first few days before the market stabilizes," the Ripple CTO said.

As RLUSD goes live, there may be supply shortages in the very early days before the market stabilizes. There actually is someone willing to pay $1,200/RLUSD for a tiny fraction of one RLUSD. Tools will show you the highest price anyone is willing to pay, even if it's just for a… https://t.co/LOx4rGiiiJ
— David "JoelKatz" Schwartz (@JoelKatz) December 15, 2024

There would already be someone willing to pay about US$1,200 for a unit of the dollar-stablecoin. Schwartz finds: "Please no FOMO in stablecoin! This is not an opportunity to get rich." A stablecoin - as the name suggests - must remain at a stable level.

$RLUSD is launching soon!

Stay vigilant and report any impersonations or scams. https://t.co/yqnAdBQSfW
— Ripple (@Ripple) December 10, 2024

Most stablecoins track the U.S. dollar and therefore usually quote (there are minimal deviations) at one U.S. dollar. Ripple's stablecoin received approval from the New York State Department of Financial Services on Dec. 10. According to Ripple, RLUSD will be "soon" launched on the market, there is already an entry on CoinMarketCap. In the last 30 days, Ripple's cryptocurrency, XRP, rose 150 percent. Even the company's top executives were surprised by this.