XRP News Today: Ripple’s RLUSD Stablecoin Goes Live in AMM Pools

Share This Post

XRP News Today

The post XRP News Today: Ripple’s RLUSD Stablecoin Goes Live in AMM Pools appeared first on Coinpedia Fintech News

The XRP Ledger has just activated a game-changing update – the AMMClawback amendment. This new feature gives issuers the ability to recover tokens, even after they’ve been sent, offering a level of control never seen before. But that’s not all. This amendment also opens the door for Ripple’s stablecoin, RLUSD, to be used in Automated Market Maker (AMM) pools, unlocking a world of new opportunities.

Let’s dive in and explore the details.

What Issuers Should Know

With the AMMClawback amendment, issuers can now recover tokens that are sent to unintended or illegal recipients. This is particularly important if tokens are linked to illegal activities, as issuers can quickly take back the funds. This feature adds an extra layer of security and control to the XRP ecosystem.

Before this amendment, RLUSD could only be used within centralized exchanges. Now, with RLUSD enabled in AMM pools, Ripple’s stablecoin can be used more widely. This opens up new opportunities for its adoption and liquidity, especially in decentralized finance (DeFi) spaces.

Increasing Liquidity for RLUSD

Experts believe that the XRP/RLUSD pool will significantly increase the liquidity of Ripple’s stablecoin. By allowing RLUSD to be used in decentralized platforms, this update is expected to create more opportunities for growth, helping to strengthen its value and stability.

Ripple’s Focus on Regulatory Compliance

Former Ripple executive Emi Yoshikawa expressed excitement about the development, praising the XRPL community for its continued support. Jack McDonald, another Ripple executive, highlighted the company’s commitment to global financial regulations.

He stated that RLUSD is fully compliant with the highest regulatory standards, ensuring its continued success in the global market.

Experts agree that the new AMMClawback feature aligns with international financial regulations. This update ensures that if RLUSD is linked to fraud, Ripple can quickly take back the tokens, offering more protection for users and investors.

Ripple USD Market Overview 

The market cap of Ripple USD stands at $72,339,549. The 24-hour trading volume of RLUSD remains at $58,098,278. The current circulation supply of RLUSD is 72,300,301. 

The activation of the AMMClawback amendment marks an important milestone for Ripple and its RLUSD stablecoin. By improving liquidity and ensuring regulatory compliance, this update strengthens Ripple’s position in the financial world. With RLUSD now able to be used in AMM pools, Ripple is opening the door to more growth and providing added security for its users.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Ripple is paving the way for a new era of stability and liquidity in the world of stablecoins.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks

BNB is among today’s market leaders after seeing a 5% surge in the past 24 hours Amid its recent performance, the token is retesting key levels, leading some market watchers to forecast new highs

Solana Price Today: This Meme Coin Sees 130% Rally While Solana Pushes for $175

The post Solana Price Today: This Meme Coin Sees 130% Rally While Solana Pushes for $175 appeared first on Coinpedia Fintech News Solana Price is now at $128 It couldn’t beat the bearish momentum

Bank of Korea Rejects Bitcoin for Reserves, Citing High Volatility and Liquidity Concerns

South Korea’s central bank has ruled out adding bitcoin to its foreign exchange reserves, citing extreme price volatility and failure to meet liquidity and investment-grade standards This stance

Metaplanet Expands Bitcoin Holdings Amid Market Corrections and Strategic Financing

The post Metaplanet Expands Bitcoin Holdings Amid Market Corrections and Strategic Financing appeared first on Coinpedia Fintech News Metaplanet Inc (Tokyo: 3350), a fast-growing company through a

Trump’s SEC Pick Paul Atkins Faces Shocking Delay – Missing Paperwork Stalls Confirmation!

The post Trump’s SEC Pick Paul Atkins Faces Shocking Delay – Missing Paperwork Stalls Confirmation! appeared first on Coinpedia Fintech News Paul Atkins, President Donald Trump’s nominee for

Burwick Law Sues LIBRA Memecoin Creators Over Deceptive Token Launch

The post Burwick Law Sues LIBRA Memecoin Creators Over Deceptive Token Launch appeared first on Coinpedia Fintech News The Supreme Court of New York is set to review the Libra token case after a