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XRP could gain a ‘synthetic connection’ to gold by facilitating the movement of gold-backed stablecoins on the XRP Ledger, according to commentator Versan Aljarrah. This role would position XRP as a liquidity bridge for tokenized assets without direct gold backing. Meld Gold is leading the charge with plans to launch a gold token on the XRPL.
- XRP could act as a bridge for gold-backed stablecoins on the XRP Ledger, creating a synthetic link to gold without direct backing.
- Meld Gold is the first issuer close to launching a gold token on the XRPL, with each token representing one gram of physical gold.
- The Ripple-SEC lawsuit's outcome could significantly impact XRP's role in tokenized assets and institutional adoption.
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