Ripple, the prominent blockchain payments company, has transitioned its On-Demand Liquidity (ODL) services for U.S. clients from its native XRP token to Tether’s USDT stablecoin. This strategic pivot follows a pivotal court decision that declared the institutional sales of XRP tokens a violation of U.S. securities laws.
In response to the legal constraints, Ripple has recalibrated its business operations by partnering with entities outside the U.S. to manage XRP sales to its ODL clientele. This realignment facilitates U.S. clients to employ USDT as a bridge currency in their transactions, thus ensuring compliance and continuity in services.
Monica Long, President of Ripple, has been proactive in adhering to these regulatory demands, as noted by Moon Lambo, a prominent XRP-focused YouTuber. According to Moon Lambo, Ripple's s
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First found on: Crypto news from Coinatory
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