Seeds of Wisdom RV and Economic Updates Friday Morning 1-31-25
Good Morning Dinar Recaps,
XRP NEWS TODAY: RIPPLE’S RLUSD STABLECOIN GOES LIVE IN AMM POOLS
▪️The XRP Ledger has activated the AMMClawback amendment, allowing token issuers to recover tokens even after they've been sent.
▪️This update enables Ripple's RLUSD stablecoin to be used in Automated Market Maker (AMM) pools, increasing its liquidity and accessibility.
▪️The AMMClawback feature enhances regulatory compliance by allowing Ripple to recover tokens involved in illegal activities.
The XRP Ledger has just activated a game-changing update – the AMMClawback amendment. This new feature gives issuers the ability to recover tokens, even after they’ve been sent, offering a level of control never seen before.
But that’s not all. This amendmet also opens the door for Ripple’s stablecoin, RLUSD, to be used in Automated Market Maker (AMM) pools, unlocking a world of new opportunities.
What Issuers Should Know
With the AMMClawback amendment, issuers can now recover tokens that are sent to unintended or illegal recipients. This is particularly important if tokens are linked to illegal activities, as issuers can quickly take back the funds. This feature adds an extra layer of security and control to the XRP ecosystem.
Before this amendment, RLUSD could only be used within centralized exchanges. Now, with RLUSD enabled in AMM pools, Ripple’s stablecoin can be used more widely. This opens up new opportunities for its adoption and liquidity, especially in decentralized finance (DeFi) spaces.
Increasing Liquidity for RLUSD
Experts believe that the XRP/RLUSD pool will significantly increase the liquidity of Ripple’s stablecoin. By allowing RLUSD to be used in decentralized platforms, this update is expected to create more opportunities for growth, helping to strengthen its value and stability.
Ripple’s Focus on Regulatory Compliance
Former Ripple executive Emi Yoshikawa expressed excitement about the development, praising the XRPL community for its continued support. Jack McDonald, another Ripple executive, highlighted the company’s commitment to global financial regulations.
He stated that RLUSD is fully compliant with the highest regulatory standards, ensuring its continued success in the global market.
Experts agree that the new AMMClawback feature aligns with international financial regulations. This update ensures that if RLUSD is linked to fraud, Ripple can quickly take back the tokens, offering more protection for users and investors.
Ripple USD Market Overview
The market cap of Ripple USD stands at $72,339,549. The 24-hour trading volume of RLUSD remains at $58,098,278. The current circulation supply of RLUSD is 72,300,301.
The activation of the AMMClawback amendment marks an important milestone for Ripple and its RLUSD stablecoin. By improving liquidity and ensuring regulatory compliance, this update strengthens Ripple’s position in the financial world. With RLUSD now able to be used in AMM pools, Ripple is opening the door to more growth and providing added security for its users.
Ripple is paving the way for a new era of stability and liquidity in the world of stablecoins.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
LONDON BULLION MARKET LAUNCHES DLT-BASED GOLD BAR INTEGRITY DATABASE
The London Bullion Market Association (LBMA) has gone live with its Gold Bar Integrity (GBI) Database. It standardizes and centralizes data related to the responsible sourcing of the gold, and the country of origin of gold held in London vaults, but the ownership data remains with custodians.
The solution uses the Axedras Bullion Integrity Ledger, a system based on the R3 Corda enterprise blockchain.
The LBMA and World Gold Council first partnered with Swiss startup Axedras in March 2022 with the WGC investing a couple of months later. This was for the LBMA’s broader Gold Bar Integrity Ecosystem, where the database is a single aspect. However, the contract for the GBI database was only awarded last March.
“The GBI Database will initially focus on two crucial datasets: Refiner Data and London Vault Data,” said Ruth Crowell, LBMA CEO. “This means faster, more secure data collection and processing. Beyond this, the platform’s ability to automate risk identification and flag potential issues quickly will play a vital role in enhancing confidence across the market.”
Currently refiners provide responsible sourcing data via email. Now they will upload the data directly to the database, with many already onboarded. London custodians will be required to submit bar-level data for gold and silver bars.
The system works by creating digital twins, not only for gold bars but also for gold grains and semi finished products. This is used to create provenance for the gold supply chain.
Gold tokenization
However, these digital twins for the finished product can also support tokenization which could reduce settlement risks and enable vaulted gold to be easily used as tokenized collateral to meet margin requirements at clearing houses.
The World Gold Council participated in such a pilot last year. There have been several gold tokenization initiatives targeting consumers. But last year HSBC tokenized its vaulted gold.
Turning back to Axedras, a key feature of its permissioned blockchain, is it only enables confidential data to be available to those that have the right to see it. This contrasts with encryption solutions where someone might hold a copy of the data but not have the key to be able to view it. With Corda, an unauthorized person does not have the data at all.
@ Newshounds News™
Source: Ledger Insights
~~~~~~~~~
THIS IS THE REASON WHY HBAR HOLDERS ARE ABOUT TO GET RICH IN 2025
@ Newshounds News™
Source: NCashOfficial - Daily Crypto & Finance News
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
