“Please don’t FOMO into a stablecoin! This is not an opportunity to get rich.” On Dec. 11, Ripple CEO Brad Garlinghouse ...

What Happened: "As RLUSD goes live, there may be supply shortages ... stating, "Please don't FOMO into a stablecoin! This is not an opportunity to get rich." He said that the primary purpose ...

RLUSD is pegged to the U.S. dollar and 'is not ... price will remain above $1 once everything stabilizes. "Please don't FOMO (fear of missing out) into a stablecoin!" he warned.

He said that some traders "are willing to pay" as much as $1,200 token price to buy a fraction of RLUSD. "Please don't FOMO into a stablecoin," he added. "This is not an opportunity to get rich." ...

What's even more interesting is that this isn't a typical FOMO-driven surge ... A regulated stablecoin called RLUSD is launching on XRP Ledger and Ethereum, with XRP burns on every transaction.

Ripple CTO David Schwartz raised concerns about FOMO-driven volatility before the debut of the company’s RLUSD stablecoin, which it plans to use for cross-border payments alongside XRP.

“Please don’t FOMO into a stablecoin! This is not an opportunity to get rich.” On Dec. 11, Ripple CEO Brad Garlinghouse announced that RLUSD had received its final approval from the New York ...