Ripple (CRYPTO:XRP) has encountered fresh challenges from the United States Securities and Exchange Commission (SEC) shortly after unveiling its eagerly awaited stablecoin.

Pegged to the US dollar, this new stablecoin aims to compete with dominant players like Tether's USDT (CRYPTO:USDT) and Circle's USDC (CRYPTO:USDC).

Despite its potential to shake up the stablecoin market, the SEC's recent actions suggest regulatory hurdles are ahead for Ripple, complicating its path to widespread adoption.