XRPL To Supply The Technical Foundation For At Least Six Stablecoins

XRPL-The regulator’s attempt to conceal the records pertaining to former Division Director William Hinman was rejected by a US judge in the SEC v. Ripple lawsuit. These records refer to his 2018 summit speech, in which he claimed that Ethereum and Bitcoin (BTC) were not securities.

Anonymous cryptocurrency expert who goes by @WKahneman on Twitter shares the digest of the most promising stablecoin project on XRP Ledger.

The majority of them actively work with Ripple Inc. in engineering and marketing in addition to adopting XRP Ledger as their software. For instance, Web3 project Stably in Seattle is creating Stably USD (USDS). Early in September, they made the decision to extend their offering to XRPL.

According to prior claims made by its team and Ripple, the mainnet launch of the euro-pegged stablecoin EURS by Stasis might occur as soon as Q4 2022. The XUS stablecoin from the South African platform Xago is currently en route to the mainnet of the XRP Ledger.

Palau launches its CBDC in conjunction with XRPL

Additionally, XRPL-based products are creating stablecoins with unique assets. For instance, the Australian Dollar-backed stablecoin AUDC with compatibility for Ripple will be released by the German-based Novatti Group Limited.

The XRP Ledger and its associated blockchains Flare and Songbird are now supported by the Aurei (AUR) stablecoin. The nation of Palau is testing its central bank digital currency (CBDC) on XRPL, but that is hardly the least of its experiments. Ripple also created the country’s advancement plan for cryptocurrencies.

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