After a 4-year legal battle, the company achieved a major victory in summary judgment and is now fighting for more. USA’s largest cryptocurrency one of the initiatives Ripple $2.2 will now be able to act much more freely and easily under the Trump administration. But much more is targeted.
Ripple (XRP) Last Minute
Ripple a payment network and its most basic need was the issuance of local stablecoins. We followed the tests of this at every stage and announced it here at the last minute. Many tests were carried out, such as the issuance of a new stablecoin, its burning and transfer. However, the necessary approvals for its official launch have not yet been completed.
The stablecoin issuance process, which is needed by Ripple, which has signed partnerships in this direction aiming to serve institutions and individuals as a payment network, can now officially begin. Ripple has received final approval from the New York State Department of Financial Services to launch the RLUSD stablecoin.
With this approval, a stablecoin can now be launched legally, without fear of being sued. Moreover, the expanding usage area for XRP Ledger will also support the price of XRP Coin. As you can see in the chart above, despite the general market decline XRP Coin price It increased by approximately 5 percent with the support of the latest news. In the new Trump-backed crypto era, battered companies like Ripple seem to have very good days ahead.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
