Dollars

Billion

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<a href="https://uphold.com/transparency" rel="noopener noreferrer nofollow">Uphold</a>, a prominent crypto broker, has unveiled its reserves data, shedding light on substantial holdings of XRP tokens. The report has captivated the XRP community, revealing that Uphold currently holds an impressive $1.056 billion worth of <a href="https://u.today/xrp-price-could-see-new-all-time-high-if-it-prints-another-golden-cross" rel="noopener noreferrer nofollow">XRP</a> in its reserves.
<a href="https://u.today/xrp-xdc-demonstrate-resilience-amidst-regulatory-uncertainty-upholds-head-of-research-says" rel="noopener noreferrer nofollow">card</a>
The assets held by Uphold effectively cover the obligations beyond <a href="https://u.today/xrp-holders-win-right-to-sue-ripple-legal-experts-unveil-implications" rel="noopener noreferrer nofollow">XRP</a> holders, per the latest data. This noteworthy report has also drawn attention from renowned attorney and digital asset enthusiast John Deaton, who commended Uphold's XRP balance sheet.
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 Look at <a href="https://twitter.com/UpholdInc?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@UpholdInc</a>’s balance sheet of <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a>. No wonder they’re big fans of the <a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPCommunity</a>. <a href="https://t.co/kH9CZD2h9U" rel="noopener noreferrer nofollow">https://t.co/kH9CZD2h9U</a>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1676586235622457347?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 5, 2023</a>
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The figures indicate that <a href="https://u.today/lead-ripple-dev-explains-xrp-burn-spike-as-247000-tokens-gone" rel="noopener noreferrer nofollow">XRP</a> accounts for approximately 28.5% of the total transactions conducted on the Uphold platform, with a combined total exceeding 17.4 million transactions. This usage and adoption of XRP on Uphold further emphasizes the popularity of and demand for the digital asset among users. What adds to its significance is the revelation that <a href="https://u.today/xrp-lawyer-makes-sensational-argument-in-support-of-coinbase" rel="noopener noreferrer nofollow">XRP</a> assets make up approximately 59% of all assets on Uphold.
Among other things, Uphold's report demonstrates that the platform's coverage surpasses liabilities, standing at 101.3%. This in some way reinforces the broker's commitment to maintaining a solid financial standing.
<a href="https://u.today/lead-ripple-dev-explains-xrp-burn-spike-as-247000-tokens-gone" rel="noopener noreferrer nofollow">card</a>
The release of this data definitely highlights the platform's dedication to ensuring a secure environment for its users. Nevertheless, one should not forget the number one rule of the crypto market: not your keys, not your coins.

Billion Dollars Worth of XRP Held by This Platform, Shows Actual Report

U.Today

Other articles published on Jul 5, 2023

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