XRP to Ripple Stablecoin for added value - Brooks Entwistle
Brooks Entwistle breaks down the #XRP & #Ripple #stablecoin workflow. Understanding Ripple’s stablecoin to XRP workflow and how the stablecoin ADDS value to XRP. 💥 Ripple Stablecoin Issuance and Backing A—B. Issuance: Ripple issues a stablecoin pegged 1:1 to the US dollar, backed by USD deposits, short-term US government treasuries, and other cash equivalents. Transparency: Reserve assets are audited by a third-party accounting firm, with monthly attestations published. Stablecoin on XRP Ledger and Ethereum Multichain Compatibility: The stablecoin is available on both the XRP Ledger (XRPL…