XRP News: Lawyer Highlights Major Good News for Ripple & XRPL
The post XRP News: Lawyer Highlights Major Good News for Ripple & XRPL appeared on BitcoinEthereumNews.com. Ondo Finance has officially brought its tokenized short-term US Treasuries fund to the XRP Ledger, enabling round-the-clock minting and redemptions via Ripple’s RLUSD stablecoin. Consequently, Bill Morgan, a lawyer and Ripple supporter, has reacted to the good XRP news. Notably, legal expert and XRP supporter Bill Morgan reacted to the latest developments surrounding XRP Ledger. This follows Ripple’s announcement that tokenized treasuries have gone live on XRPL. In a recent post, Morgan commented, “Just stop it with the announcements,” referring to the consistent stream of positive XRP news. He added that the “endless good news is just flattening XRP price,” suggesting with irony that despite the bullish developments, XRP price has remained relatively subdued. In other recent XRP news, Bill Morgan described the Guggenheim Treasury Services initiative as a major step forward for the XRP Ledger. He detailed that Guggenheim Treasury Services, a Guggenheim Capital subsidiary that manages more than $345 billion in assets, provides institutional-quality treasury services. According to Morgan, the move to tokenize digital commercial paper, a short-term asset backed by U.S. Treasuries, on XRPL aims to improve on Guggenheim’s previous Ethereum-based pilot. This will be done by leveraging XRPL’s lower fees and faster settlement. OUSG Tokenized Treasuries Now Live on XRP Ledger Additionally, Ondo Finance confirmed the launch of its Ondo Short-Term U.S. Government Treasuries fund (OUSG) on the XRP Ledger (XRPL). Consequently, this enables institutions to gain access to tokenized Treasury products directly on blockchain infrastructure. The product enables on-demand issuance and redemption with RLUSD, Ripple’s many enterprise-grade stablecoins. Source: X Notably, Ripple revealed the collaboration on its official X account, saying that tokenized U.S. Treasuries are now available on XRPL. The integration is based on top of the existing ledger architecture, which provides high finality speed and only low transaction costs. OUSG Records Over $670…
The post XRP News: Lawyer Highlights Major Good News for Ripple & XRPL appeared on BitcoinEthereumNews.com.
Ondo Finance has officially brought its tokenized short-term US Treasuries fund to the XRP Ledger, enabling round-the-clock minting and redemptions via Ripple’s RLUSD stablecoin. Consequently, Bill Morgan, a lawyer and Ripple supporter, has reacted to the good XRP news. Notably, legal expert and XRP supporter Bill Morgan reacted to the latest developments surrounding XRP Ledger. This follows Ripple’s announcement that tokenized treasuries have gone live on XRPL. In a recent post, Morgan commented, “Just stop it with the announcements,” referring to the consistent stream of positive XRP news. He added that the “endless good news is just flattening XRP price,” suggesting with irony that despite the bullish developments, XRP price has remained relatively subdued. In other recent XRP news, Bill Morgan described the Guggenheim Treasury Services initiative as a major step forward for the XRP Ledger. He detailed that Guggenheim Treasury Services, a Guggenheim Capital subsidiary that manages more than $345 billion in assets, provides institutional-quality treasury services. According to Morgan, the move to tokenize digital commercial paper, a short-term asset backed by U.S. Treasuries, on XRPL aims to improve on Guggenheim’s previous Ethereum-based pilot. This will be done by leveraging XRPL’s lower fees and faster settlement. OUSG Tokenized Treasuries Now Live on XRP Ledger Additionally, Ondo Finance confirmed the launch of its Ondo Short-Term U.S. Government Treasuries fund (OUSG) on the XRP Ledger (XRPL). Consequently, this enables institutions to gain access to tokenized Treasury products directly on blockchain infrastructure. The product enables on-demand issuance and redemption with RLUSD, Ripple’s many enterprise-grade stablecoins. Source: X Notably, Ripple revealed the collaboration on its official X account, saying that tokenized U.S. Treasuries are now available on XRPL. The integration is based on top of the existing ledger architecture, which provides high finality speed and only low transaction costs. OUSG Records Over $670…
What's Your Reaction?
