2024

Waves

<ul class="news-points">
 <li><strong>Ripple’s shift from XRP to USDT for ODL in the US reflects a strategic response to regulatory pressures.</strong></li>
 <li><strong>Ripple’s Singaporean subsidiary now handles XRP sales, signaling a move to non-US entities to navigate legal hurdles.</strong></li>
 <li><strong>Uncertainty looms over Ripple’s ODL operations abroad, amidst concerns about the SEC’s wide-reaching injunctions.</strong></li>
</ul>
<p>Recent disclosures have revealed substantial changes within Ripple’s blockchain payment protocol in response to Bill Morgan’s concerns about the SEC legal battle and Ripple’s On-Demand Liquidity (ODL) operations. Ripple has transitioned its ODL services for US clients from XRP to Tether’s USDT, as indicated in a recent court filing.</p>
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   <p lang="en" dir="ltr">Ok Matt. Didn’t have time yesterday but given that you were kind enough to cover this issue on YouTube I have followed up on the point you made about Ripple not having ODL customers and operating through overseas subsidiaries, in response to my concern that a wide injunction can… <a href="https://t.co/Lt2OflA9K6" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Lt2OflA9K6</a> <a href="https://t.co/QmymbOEATV" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/QmymbOEATV</a></p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1783741616383295523?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 26, 2024</a>
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<p>This transition follows a court ruling last year that deemed the institutional sale of XRP tokens in violation of US s…</p>
<p>The post <a href="https://coinedition.com/ripple-makes-waves-with-usdt-transition-for-odl-services/" rel="noopener noreferrer nofollow">Ripple Makes Waves With USDT Transition for ODL Services</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ripple Makes Waves With USDT Transition for ODL Services

Coin Edition

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