Ripple Makes Waves With USDT Transition for ODL Services
- Ripple’s shift from XRP to USDT for ODL in the US reflects a strategic response to regulatory pressures.
- Ripple’s Singaporean subsidiary now handles XRP sales, signaling a move to non-US entities to navigate legal hurdles.
- Uncertainty looms over Ripple’s ODL operations abroad, amidst concerns about the SEC’s wide-reaching injunctions.
Recent disclosures have revealed substantial changes within Ripple’s blockchain payment protocol in response to Bill Morgan’s concerns about the SEC legal battle and Ripple’s On-Demand Liquidity (ODL) operations. Ripple has transitioned its ODL services for US clients from XRP to Tether’s USDT, as indicated in a recent court filing.
This transition follows a court ruling last year that deemed the institutional sale of XRP tokens in violation of US s…
The post Ripple Makes Waves With USDT Transition for ODL Services appeared first on Coin Edition.
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Ripple Makes Waves With USDT Transition for ODL Services
- Ripple’s shift from XRP to USDT for ODL in the US reflects a strategic response to regulatory pressures.
- Ripple’s Singaporean subsidiary now handles XRP sales, signaling a move to non-US entities to navigate legal hurdles.
- Uncertainty looms over Ripple’s ODL operations abroad, amidst concerns about the SEC’s wide-reaching injunctions.
Recent disclosures have revealed substantial changes within Ripple’s blockchain payment protocol in response to Bill Morgan’s concerns about the SEC legal battle and Ripple’s On-Demand Liquidity (ODL) operations. Ripple has transitioned its ODL services for US clients from XRP to Tether’s USDT, as indicated in a recent court filing.
This transition follows a court ruling last year that deemed the institutional sale of XRP tokens in violation of US s…
The post Ripple Makes Waves With USDT Transition for ODL Services appeared first on Coin Edition.
Read More