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The XRP Ledger (XRPL) is taking a major step toward decentralized governance with the upcoming launch of XAO DAO, its first decentralized autonomous organization. This initiative aims to empower the community in decision-making and funding blockchain innovation. The DAO will leverage XRP for governance, avoiding the pitfalls of new token launches.
- XAO DAO will use XRP for governance instead of a new token to avoid volatility and confusion.
- The DAO will distribute grants to developers, startups, and creative projects to foster innovation.
- XRPL's growth includes fiat-backed stablecoins and an upcoming EVM-compatible sidechain for DeFi expansion.
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