The SEC Lawsuit Forced Ripple to Replace XRP With USDT As Bridge Currency
- Crypto Eri has highlighted Ripple’s use of USDT as the bridge currency in ODL transactions.
- According to Monica Long, Ripple switched to USDT following the 2021 lawsuit by the SEC.
- Long noted that Ripple is determined to adhere to the current standards.
A renowned blockchain analyst identified as Crypto Eri on X has highlighted Ripple’s use of the USDT stablecoin as the bridge currency in ODL transactions. According to Crypto Eri, the implementation does not come as a surprise, citing Navin Gupta’s opinion that other digital assets would increasingly serve as Ripplenet bridges.
No surprises here. Navin Gupta was the first Rippler I heard on a YT interview who mentioned that other digital assets would increasingly serve as #Ripplenet bridges in the future. And as for those channels claiming $USDT is a scam…
—Oh, the twists of life.
It's all about the… pic.twitter.com/0zlQ69pkWrCrypto Eri
Carpe Diem (@sentosumosaba) April 23, 2024
Crypto Eri shared a post by Ripple’s President, Monica Long, highlighting some of Ripple’s practices since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the firm in 2021. The post stated t…
The post The SEC Lawsuit Forced Ripple to Replace XRP With USDT As Bridge Currency appeared first on Coin Edition.
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SEC Chair Paul Atkins Priority: Crypto Regulation Or Ripple (XRP) ETFs
The SEC Lawsuit Forced Ripple to Replace XRP With USDT As Bridge Currency
- Crypto Eri has highlighted Ripple’s use of USDT as the bridge currency in ODL transactions.
- According to Monica Long, Ripple switched to USDT following the 2021 lawsuit by the SEC.
- Long noted that Ripple is determined to adhere to the current standards.
A renowned blockchain analyst identified as Crypto Eri on X has highlighted Ripple’s use of the USDT stablecoin as the bridge currency in ODL transactions. According to Crypto Eri, the implementation does not come as a surprise, citing Navin Gupta’s opinion that other digital assets would increasingly serve as Ripplenet bridges.
No surprises here. Navin Gupta was the first Rippler I heard on a YT interview who mentioned that other digital assets would increasingly serve as #Ripplenet bridges in the future. And as for those channels claiming $USDT is a scam…
—
It's all about the… pic.twitter.com/0zlQ69pkWr
Crypto Eri shared a post by Ripple’s President, Monica Long, highlighting some of Ripple’s practices since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the firm in 2021. The post stated t…
The post The SEC Lawsuit Forced Ripple to Replace XRP With USDT As Bridge Currency appeared first on Coin Edition.
Read More