Ripple Makes Waves With USDT Transition for ODL Services

• Ripple’s shift from XRP to USDT for ODL in the US reflects a strategic response to regulatory pressures.
• Ripple’s Singaporean subsidiary now handles XRP sales, signaling a move to non-US entities to navigate legal hurdles.
• Uncertainty looms over Ripple’s ODL operations abroad, amidst concerns about the SEC’s wide-reaching injunctions.

Recent disclosures have revealed substantial changes within Ripple’s blockchain payment protocol in response to Bill Morgan’s concerns about the SEC legal battle and Ripple’s On-Demand Liquidity (ODL) operations. Ripple has transitioned its ODL services for US clients from XRP to Tether’s USDT, as indicated in a recent court filing.

Ok Matt. Didn’t have time yesterday but given that you were kind enough to cover this issue on YouTube I have followed up on the point you made about Ripple not having ODL customers and operating through overseas subsidiaries, in response to my concern that a wide injunction can… https://t.co/Lt2OflA9K6 pic.twitter.com/QmymbOEATV

— bill morgan (@Belisarius2020) April 26, 2024

This transition follows a court ruling last year that deemed the institutional sale of XRP tokens in violation of US s…

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