Ripple Makes Waves With USDT Transition for ODL Services
17d agoâ˘
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- Rippleâs shift from XRP to USDT for ODL in the US reflects a strategic response to regulatory pressures.
- Rippleâs Singaporean subsidiary now handles XRP sales, signaling a move to non-US entities to navigate legal hurdles.
- Uncertainty looms over Rippleâs ODL operations abroad, amidst concerns about the SECâs wide-reaching injunctions.
Recent disclosures have revealed substantial changes within Rippleâs blockchain payment protocol in response to Bill Morganâs concerns about the SEC legal battle and Rippleâs On-Demand Liquidity (ODL) operations. Ripple has transitioned its ODL services for US clients from XRP to Tetherâs 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 sâŚ
The post Ripple Makes Waves With USDT Transition for ODL Services appeared first on Coin Edition.
17d agoâ˘
bullish:
1
bearish:
0
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