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. Crypto Eri shared a […]
The post The SEC Lawsuit Forced Ripple to Replace XRP With USDT As Bridge Currency appeared first on Coin Edition.
- 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/0zlQ69pkWr—
Crypto 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.
