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(Note: If you’re looking for more news regarding cryptocurrency, please visit our website Bitcoin Commando. All crypto news will be posted there. ~ Dinar Chronicles)
Seeds of Wisdom
XRP NEWS TODAY: RIPPLE’S RLUSD STABLECOIN GOES LIVE IN AMM POOLS
▪️ The XRP Ledger has activated the AMMClawback amendment, allowing token issuers to recover tokens even after they’ve been sent.
▪️ This update enables Ripple’s RLUSD stablecoin to be used in Automated Market Maker (AMM) pools, increasing its liquidity and accessibility.
▪️ The AMMClawback feature enhances regulatory compliance by allowing Ripple to recover tokens involved in illegal activities.
The XRP Ledger has just activated a game-changing update – the AMMClawback amendment. This new feature gives issuers the ability to recover tokens, even after they’ve been sent, offering a level of control never seen before.
But that’s not all. This amendmet also opens the door for Ripple’s stablecoin, RLUSD, to be used in Automated Market Maker (AMM) pools, unlocking a world of new opportunities.
What Issuers Should Know
With the AMMClawback amendment, issuers can now recover tokens that are sent to unintended or illegal recipients. This is particularly important if tokens are linked to illegal activities, as issuers can quickly take back the funds. This feature adds an extra layer of security and control to the XRP ecosystem.
Before this amendment, RLUSD could only be used within centralized exchanges. Now, with RLUSD enabled in AMM pools, Ripple’s stablecoin can be used more widely. This opens up new opportunities for its adoption and liquidity, especially in decentralized finance (DeFi) spaces.
Increasing Liquidity for RLUSD
Experts believe that the XRP/RLUSD pool will significantly increase the liquidity of Ripple’s stablecoin. By allowing RLUSD to be used in decentralized platforms, this update is expected to create more opportunities for growth, helping to strengthen its value and stability.
Ripple’s Focus on Regulatory Compliance
Former Ripple executive Emi Yoshikawa expressed excitement about the development, praising the XRPL community for its continued support. Jack McDonald, another Ripple executive, highlighted the company’s commitment to global financial regulations.
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He stated that RLUSD is fully compliant with the highest regulatory standards, ensuring its continued success in the global market.
Experts agree that the new AMMClawback feature aligns with international financial regulations. This update ensures that if RLUSD is linked to fraud, Ripple can quickly take back the tokens, offering more protection for users and investors.
Ripple USD Market Overview
The market cap of Ripple USD stands at $72,339,549. The 24-hour trading volume of RLUSD remains at $58,098,278. The current circulation supply of RLUSD is 72,300,301.
The activation of the AMMClawback amendment marks an important milestone for Ripple and its RLUSD stablecoin. By improving liquidity and ensuring regulatory compliance, this update strengthens Ripple’s position in the financial world. With RLUSD now able to be used in AMM pools, Ripple is opening the door to more growth and providing added security for its users.
Ripple is paving the way for a new era of stability and liquidity in the world of stablecoins.
@ Newshounds News™
Source: Coinpedia
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LONDON BULLION MARKET LAUNCHES DLT-BASED GOLD BAR INTEGRITY DATABASE
The London Bullion Market Association (LBMA) has gone live with its Gold Bar Integrity (GBI) Database. It standardizes and centralizes data related to the responsible sourcing of the gold, and the country of origin of gold held in London vaults, but the ownership data remains with custodians.
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The solution uses the Axedras Bullion Integrity Ledger, a system based on the R3 Corda enterprise blockchain.
The LBMA and World Gold Council first partnered with Swiss startup Axedras in March 2022 with the WGC investing a couple of months later. This was for the LBMA’s broader Gold Bar Integrity Ecosystem, where the database is a single aspect. However, the contract for the GBI database was only awarded last March.
“The GBI Database will initially focus on two crucial datasets: Refiner Data and London Vault Data,” said Ruth Crowell, LBMA CEO. “This means faster, more secure data collection and processing. Beyond this, the platform’s ability to automate risk identification and flag potential issues quickly will play a vital role in enhancing confidence across the market.”
Currently refiners provide responsible sourcing data via email. Now they will upload the data directly to the database, with many already onboarded. London custodians will be required to submit bar-level data for gold and silver bars.
The system works by creating digital twins, not only for gold bars but also for gold grains and semi finished products. This is used to create provenance for the gold supply chain.
Gold tokenization
However, these digital twins for the finished product can also support tokenization which could reduce settlement risks and enable vaulted gold to be easily used as tokenized collateral to meet margin requirements at clearing houses.
The World Gold Council participated in such a pilot last year. There have been several gold tokenization initiatives targeting consumers. But last year HSBC tokenized its vaulted gold.
Turning back to Axedras, a key feature of its permissioned blockchain, is it only enables confidential data to be available to those that have the right to see it. This contrasts with encryption solutions where someone might hold a copy of the data but not have the key to be able to view it. With Corda, an unauthorized person does not have the data at all.
@ Newshounds News™
Source: Ledger Insights
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THIS IS THE REASON WHY HBAR HOLDERS ARE ABOUT TO GET RICH IN 2025
@ Newshounds News™
Source: NCashOfficial – Daily Crypto & Finance News
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Source: Dinar Recaps
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Just In The Seventh Asset Manager Seeking To Launch An XRP ETF, Amidst A Surge In ETF Applications.
In a recent development, asset manager Grayscale Investment has filed a 19b-4 form with the NYSE to launch an XRP ETF. The company aims to convert its XRP Trust into an exchange-traded fund (ETF), which will be listed and traded on the NYSE.
“Grayscale Investments has filed with the New York Stock Exchange (NYSE) to offer a spot XRP exchange-traded fund (ETF). This filing aims to convert Grayscale’s existing XRP Trust into an ETF, allowing shares to be listed and traded on the NYSE,” the filing read.
This comes shortly after Grayscale filed for Litecoin and Solana ETFs. Additionally, the company recently introduced its Bitcoin Miners ETF, under the ticker MNRS, which provides exposure to publicly traded Bitcoin mining companies.
It’s a Growing Trend!
By filing for an XRP ETF, Grayscale joins asset managers like Bitwise and WisdomTree in the race to issue an exchange-traded fund.
This filing makes Grayscale the seventh asset manager to submit a proposal for an XRP ETF, as part of a wave of ETF applications since Donald Trump return to office and Gary Gensler’s exit from the SEC.
XRP Trust’s Strong Performance
Grayscale’s XRP Trust has been performing well this year. In January, the trust saw a 300% increase, according to Nasdaq, driven by speculation that an XRP ETF might launch within the next 12 months.
The momentum behind crypto ETFs is undeniable, and Grayscale has proved it once again.
@ Newshounds News™
Source: CoinPedia
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PURPOSE INVESTMENTS FILES PRELIMINARY PROSPECTUS FOR THE WORLD’S FIRST RIPPLE XRP EFT
Purpose Investments Inc. (“Purpose”), the leader behind the world’s first Bitcoin ETF and Ether ETFs, is pleased to announce that it is further solidifying its preeminence in the digital asset space with the filing of a preliminary prospectus with Canadian securities regulators for the proposed launch of the Purpose Ripple ETF.
The Purpose Ripple ETF seeks to invest substantially all of its assets in long-term holdings of Ripple (“XRP”) and to provide holders of ETF Units with the opportunity for long-term capital appreciation.
“At Purpose, we remain steadfast in our commitment to innovation and to bridging the gap between traditional and decentralized finance,” said Som Seif, founder and CEO of Purpose Investments.
“As XRP sees increasing adoption and institutional interest, we believe an ETF can offer investors a transparent and familiar way to access it within a regulated framework.”
“This launch represents another important step in our efforts to be the leading and most trusted partner for investors in harnessing the benefits of crypto and digital assets by enabling them to understand, access, and confidently invest these assets,” added Vlad Tasevski, Chief Innovation Officer. “We remain committed to providing exposure to transformative digital assets and blockchain technologies through regulated investment vehicles.”
About Purpose Investments Inc.
Purpose Investments is an asset management company with more than $23 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products.
Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.
@ Newshounds News™
Source: Purpose Investment
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BRICS: CHINA OIL OUTPUT HITS 400M TONS AMID RECORD GROWTH
For much of last year, the global south has sought to increase its standing in the oil sector. Indeed, that pursuit took another step forward this week, as the BRICS leading economy, China, has seen its oil output reach 400 million tons this year as its record growth continues.
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The development continues what has been a tremendous month for the country’s economic standing. At the start of the year, the country announced that its trade surplus had reached a monumental $5 trillion.
Altogether, it positions the nation well as it enters a year in which geopolitical tension with the US and the West is nearing a boiling point.
BRICS Solidify Oil Presence as China Output Continues Upward Trajectory
There is no understating of just how important 2025 is proving to be for the BRICS economic alliance. The collective has been engaged in continued de-dollarization efforts that have now drawn the ire of new US President Donald Trump.
Now, his sights are set on limiting the impact of the global south’s efforts as experts note the US dollar’s days of dominance may be coming to an end.
Throughout the last month, the bloc has sought to continue establishing itself as a key alternative to the West. Now, those efforts may have taken a significant step forward. Indeed, BRICS nation China has seen its oil output hit 400 million tons as record growth continues, according to a recent report.
The country has also noted that its oil output has grown by more than 10 million tons for eight consecutive years. Moreover, last year, oil production surpassed 213 million tons. The tremendous growth is put into perspective when considering it jumped from just 24 million tons just six years ago.
That could be a key aspect of the bloc as it continues to grow. With Saudi Arabia considering its application to join the alliance, I could soon be a leader in the vital sector.
That could throw a significant wrench into the ongoing geopolitical tensions with the US. Specifically, it would see the pursuit of the global south grow in merit and potential allure to global powers.
@ Newshounds News™
Source: Watcher Guru
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Source: Dinar Recaps
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