With the BRICS economic alliance set to implement a digital asset of its own, could Ripple (XRP) be set to benefit from its impending stablecoin launch? Russia’s Deputy Foreign Minister Sergei Ryabkov has recently discussed a native stablecoin for the alliance in order to continue combating the US dollar.
Moreover, Ripple could be set to benefit from the impending arrival. The company has long been one of the most important cross-border payment providers. Subsequently, the economic collective could rely on Ripple’s settlement platform for its ongoing foray into digital assets.