Things Go Online

𝐓𝐇𝐄 𝐗𝐑𝐏𝐋 *𝐈𝐒* 𝐀 𝐃𝐄𝐗. 𝐈𝐍 𝐅𝐀𝐂𝐓, 𝐈𝐓 𝐖𝐀𝐒 𝐓𝐇𝐄 𝐖𝐎𝐑𝐋𝐃'𝐒 𝐅𝐈𝐑𝐒𝐓 𝐃𝐄𝐗, 𝐅𝐔𝐋𝐋𝐘 𝐅𝐔𝐍𝐂𝐓𝐈𝐎𝐍𝐀𝐋 𝐈𝐍 𝟐𝟎𝟏𝟐.

As RLUSD goes live, there may be supply shortages in the very early days before the market stabilizes. There actually is someone willing to pay $1,200/RLUSD for a tiny fraction of one RLUSD. Tools will show you the highest price anyone is willing to pay, even if it's just for a tiny bit. Maybe someone wants the "honor" of buying the first bit of RLUSD on the DEX. But rest assured, the price will come back to very close to $1 as soon as supply stabilizes. If it doesn't, something is very seriously wrong. If you want to spend a lot of money to get a tiny bit of RLUSD before anyone else does, you can. But please don't expect the price to stay over $1 once things stabilize, which I expect they will do very quickly. The whole point of a stablecoin is to have a stable price. Short-term changes in prices due to shortages of supply or demand are certainly possible, especially around launch, but they shouldn't remain for very long as arbitragers rapidly fix the market. Please don't FOMO into a stablecoin! This is not an opportunity to get rich.