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Title: Ripple’s Focal Point Shifted to DeFi: XRP Ledger Drives First $1 Billion Tokenized Fund, Marking the Beginning of a $16 Trillion Asset Revolution
Ripple’s relentless pursuit of innovation and expansion in the blockchain space has led them to make significant strides. The company is now shifting its focus towards decentralized finance (DeFi) with the launch of Ripple USD (RLUSD) stablecoin, which has already been listed on several platforms. The RLUSD stablecoin aims to streamline cross-border transactions seamlessly.
In a recent development, Ripple’s CTO, David Schwartz, emphasized the scalability potential of XRPL, which can potentially handle up to 50,000 transactions per second in the future due to its technology. However, he also highlighted that high TPS should always be accompanied by decentralization to ensure the security of the blockchain.
Furthermore, tokenizing Risk-Weighted Assets (RWAs) on XRPL is paving the way for more institutions to join Ripple’s network. With extremely low fees, rapid settlement times, and a focus on compliance, XRPL is well-equipped to address the growing adoption of blockchain technology in the financial sector.
This shift towards DeFi demonstrates Ripple’s long-term vision for blockchain in finance, underscoring its commitment to innovation and user experience.
Source: http://www.crypto-news-flash.com
