Will the XRP Stablecoin skyrocket XRP's Price?

Can the XRP Stablecoin impact the XRP Price in a positive way. This news from Ripple is pumping the XRP price, but is it sustainable? The XRP blockchain has been known for its long standing enterprise solutions for large financial institutions to do cross boarder transactions. Will the XRP stablecoin be able to push this chain further?

The Ripple blockchain will host the stablecoin on the XRPL, but the stable will also be native to the Ethereum blockchain. This seems like a good move to obtain liquidity but only time will tell. Do you think this is good for the XRPL?

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