Japan to use XRP for all payments by 2025, driving major changes in the country’s digital currency market.
Ripple’s legal victory, with XRP not deemed a security, paves the way for its widespread adoption in Japan by 2025.
Ripple Labs Inc. recently launched Ripple USD (RLUSD), a new stablecoin pegged to the US dollar, further expanding the utility of the XRP Ledger. RLUSD, issued on both the XRP Ledger and Ethereum blockchains, aims to revolutionize cross-border payments with its constant value and full backing by cash reserves.
expected to provide extensive liquidity and accessibility
Ripple’s ongoing legal battle with the SEC reached an end with a court ruling affirming that XRP is not a security. Judge Torres’ decision reduced Ripple’s civil penalty to $125 million, far below the SEC’s initial demand of $2 billion. This legal victory, coupled with Japan’s announcement, further solidifies XRP’s standing and sets the stage for i...
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