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Guggenheim and Ripple have partnered to introduce a US Treasury-backed fixed-income asset on the XRP Ledger (XRPL). This collaboration marks a significant step in bridging traditional finance with blockchain technology. The initiative leverages Ripple’s stablecoin RLUSD to enhance liquidity and accessibility.
- Guggenheim and Ripple collaborate to launch a US Treasury-backed asset on XRPL, enhancing blockchain-based fixed-income offerings.
- Ripple’s stablecoin RLUSD will underpin the initiative, ensuring liquidity and integration with traditional finance.
- XRPL’s decentralized infrastructure supports tokenized assets, including recent projects like Dubai’s government-backed real estate tokens.
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Other Tags: Bill Morgan, Archax, Blockchain, DeFi, Dubai, Ondo Finance, US Treasury, XRP Ledger, XRPL