Golden Finance reports that Ripple Chief Technology Officer David Schwartz said that there may be a potential "supply shortage" in the early stages of the launch of XRP's USD-pegged stablecoin, but he warned investors against "FOMO" .
On December 15, Schwartz posted on Schwartz noted that some small pre-market bids for the currently unreleased stablecoin artificially inflated its value ahead of launch, responding to a post on X showing 1 RLUSD on a Ripple wallet called Xaman. It is worth approximately 511 XRP, which is worth $1,244 at current prices.