<ul class="news-points"> 
 <li><strong>Crypto Eri has highlighted Ripple’s use of USDT as the bridge currency in ODL transactions.</strong></li> 
 <li><strong>According to Monica Long, Ripple switched to USDT following the 2021 lawsuit by the SEC.</strong></li> 
 <li><strong>Long noted that Ripple is determined to adhere to the current standards.</strong></li> 
</ul> 
<p>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.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">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 <a href="https://twitter.com/hashtag/Ripplenet?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ripplenet</a> bridges in the future. And as for those channels claiming <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDT</a> is a scam… <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f602.png" alt="😂" class="wp-smiley" style="height: 1em; max-height: 1em;"> Oh, the twists of life.<br>It's all about the… <a href="https://t.co/0zlQ69pkWr" target="_blank" rel="nofollow">pic.twitter.com/0zlQ69pkWr</a></p>— 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f338.png" alt="🌸" class="wp-smiley" style="height: 1em; max-height: 1em;">Crypto Eri 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa9d.png" alt="🪝" class="wp-smiley" style="height: 1em; max-height: 1em;">Carpe Diem (@sentosumosaba) <a href="https://twitter.com/sentosumosaba/status/1782854543178715467?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>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…</p>
<p>The post <a href="https://coinedition.com/the-sec-lawsuit-forced-ripple-to-replace-xrp-with-usdt-as-bridge-currency/">The SEC Lawsuit Forced Ripple to Replace XRP With USDT As Bridge Currency</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

The SEC Lawsuit Forced Ripple to Replace XRP With USDT As Bridge Currency

Coin Edition

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