Ripple Unleashes $1B XRP Treasury Amid Price Turmoil

Ripple Labs, the American fintech enterprise that issued the popular XRP token, is looking to build a $1 billion treasury, fundraising via a special purpose acquisition company (SPAC). Some people familiar with the matter told Bloomberg that Ripple Labs intends to use some of their escrow-held XRP coins to boost the fundraising efforts. $1B DAT To Bolster XRP’s Worldwide Adoption These assets will go live on the digital asset treasury (DAT), which is set to work in a similar fashion to the famed Bitcoin Maxi Michael Saylor’s MicroStrategy Inc. or Japan’s Metaplanet. This comes just a day after Ripple

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