tl;dr
Ripple and Palau have collaborated on the Palau Stablecoin (PSC), which will be issued on the XRP Ledger (XRPL). The stablecoin, backed by the US dollar in a 1:1 ratio, aims to facilitate everyday transactions in Palau. The Ministry of Finance (MOF) of the Republic of Palau is involved in the projec...
Ripple and Palau have collaborated on the Palau Stablecoin (PSC), which will be issued on the XRP Ledger (XRPL). The stablecoin, backed by the US dollar in a 1:1 ratio, aims to facilitate everyday transactions in Palau.
The Ministry of Finance (MOF) of the Republic of Palau is involved in the project, distinguishing PSC from other stablecoins. The selection of XRPL is based on its environmental sustainability and cost-effectiveness, aligning with Palau's goal to reduce its carbon footprint.
Ripple is also developing its own stablecoin, RLUSD, expected to launch by the end of the year.
More about Rush Street Interactive Inc
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Rush Street Interactive Inc, Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
Industry: TRADE & SERVICES
Sector: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION
Market Cap: 2131088000
Dividend Yield: None
Beta (5Y Monthly): None
PE Ratio (TTM): -0.09
EPS (TTM): 10.78
Earnings Date: -0.0084
Forward Dividend & Yield: 801545000, 13.03
Ex-Dividend Date: 0
1y Target Est: 0.888
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