Anderson, a well-known researcher in the digital asset space, has made bold claims about Ripple’s upcoming stablecoin and its potential connection to Ripple’s On-Demand Liquidity (ODL) service. In a recent post, Anderson stated that there are indications that Ripple will launch a stablecoin specifically for its U.S.-based ODL customers in response to its ongoing legal battle with the Securities and Exchange Commission (SEC).
According to Anderson, Ripple’s stablecoin could be used in various applications, including automated market makers (AMMs) and institutional decentralized finance, as well as facilitating ODL-related transactions within the United States.
Anderson’s remarks suggest that Ripple’s stablecoin launch is a strategic move to navigate the regulatory landscape in the United States, where the company is currently facing litigation from the SEC. The SEC has accused Ripple of offering XRP as an unregistered security to both retail and institutional clients in the U.S.
While a New York federal court ruled that Ripple’s XRP sales to retail customers were not investment contracts, it found that the company violated securities laws by selling XRP to institutional clients. As a result, Ripple has shifted its focus to clients outside the U.S., with CEO Brad Garlinghouse stating that 95% of its clients are now based overseas.
In an effort to continue offering ODL services to its U.S. customers in a compliant manner, Ripple is reportedly considering launching a stablecoin. This speculation has gained traction among industry experts, including Anderson and crypto lawyer Fred Rispoli. Rispoli believes that Ripple’s stablecoin would enable U.S. customers to conduct ODL transactions without using XRP.
Ripple is said to be planning to launch the stablecoin on both the XRP Ledger (XRPL) and Ethereum networks later this year. However, the company has not publicly confirmed these plans.
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