Ripple $2.14continues to work in the field of financial technology. The company announced that Circle has integrated the stable crypto presence called USDC directly into the XRP Ledger (XRPL) network. With this integration, the USDC has been made locally available in the XRPL main network. Thus, users will have the opportunity to perform USDC transactions directly on the XRP Ledger.
Systematic and governance structure of the XRPL network
Although the XRPL network is generally referred to by Ripple, it is actually managed by many confirmative and developers on a global scale. Federated Consensus Protocol technology is used on the network. In this protocol, the network participants, called Validators, reconcile every three to five seconds about the validity and ranking of transactions. Thus, the functioning of the network continues quickly and reliably.
While the distributed structure of the network leaves an open door to decentralized financial applications, high trading speed and low cost are provided by the technical infrastructure. These features also allow the XRPL network to be used for different purposes.
Benefits of USDC integration and sectoral effects
The integration of USDC into XRPL is expected to contribute to the increase in liquidity on the network. In addition, cross -border payments, transfer transactions and decentralized financial applications (defi) can allow the easier operations. According to market experts, this step can ensure that crypto assets are used more practical and faster.
Ripple officials said that the use of the USDC in the XRPL main network is an important development in terms of innovation.
Market observers say that this development can make XRPL more competitive with other defi platforms.
Market dynamics and competition
The USDC, developed by Circle, currently has a share of about 25 %in the total stable crypto asset market. The USDC ranks second after Tether’s USDT in terms of market share. Experts evaluate the integrations in different networks in order to increase market diversity.
Circle executives, USDC’nin various blockhouses in the integration of the use of use stressed that the expansion of usage.
It was pointed out that these integrations will play an important role in the transformation of stable crypto assets into universal trading tools.
The main reason why stable assets are preferred in the crypto ecosystem was explained that they are not affected by price fluctuations and that they are fixed to local currencies. For this reason, stable assets are often preferred by users and businesses in order to perform safe and fast transactions.
Experts are united in the opinion that the USDC support integrated into XRPL can increase the use and popularity of the network. It is stated that this development in XRPL may be an example for similar projects. In addition, such integrations are important in terms of stability and diversity of application of crypto asset markets.
Ripple’s support for USDC on XRPL is considered an important step in terms of the development of blocky -based financial services. In terms of both traditional finance and crypto industry, it seems possible that such collaborations will become more widespread in the coming period. Such integrations can contribute to the use of users with more options on different platforms and the expansion of financial access. For investors and developers, the development of reliable and transparent transaction infrastructure is considered important for the sustainability of the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
