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xrp ledger upgrade nears completion with key amendments and increased trading activity

The XRP Ledger is set for a significant upgrade to version 2.3.0, with 80% of servers already upgraded. This update includes key amendments such as XLS-70 for credentials, XLS-33 for multi-purpose tokens, and XLS-52 for NFT sell offers, while older server versions will be disconnected post-upgrade. Recent data indicates a surge in trading activity, particularly in "OfferCreate" transactions, reflecting growing interest in decentralized finance features on the network.

Ripple's RLUSD Surpasses PayPal and Euro Coin in Trading Volume

Ripple's RLUSD stablecoin has rapidly gained traction, surpassing PayPal USD and Euro Coin in daily trading volume, reaching $34.7 million shortly after its December 2024 launch. This growth highlights RLUSD's role in bridging traditional finance with decentralized solutions, leveraging the XRP Ledger for efficient transactions. As stablecoin transactions soar globally, RLUSD positions Ripple as a potential leader in the competitive market, with speculation about its ability to rival Tether's dominance.

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