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Coin Edition 2025-01-30 13:36:00

XRP Ledger To Vote on Key Amendment: Could RLUSD AMM Pool Boost XRP?

XRP Ledger To Vote on Key Amendment: Could RLUSD AMM Pool Boost XRP?

XRPL is expected to pass an amendment allowing users to create an AMM pool for RLUSD today. The XRP/RLUSD AMM pool will allow holders to participate in liquidity providing services. The RLUSD holders were unable to participate in the LP services because of a clawback feature. The XRP Ledger (XRPL) is set to vote on a new amendment that would allow users to create an Automated Market Maker (AMM) pool for the newly-released stablecoin, RLUSD. This move gives an additional use case to the real-world asset-backed stablecoin which American fintech firm Ripple debuted last year in December. According to official documents, the amendment will allow the creation of the AMM pool. This would enhance liquidity and trading efficiency within the XRP ecosystem, which includes the XRPL DEX. The benefits arise from AMMs’ ability to automate the trading process by using liquidity pools instead of traditional order books, allowing for seamless token swaps with lower slippage. The inclusion of RLUSD, a real-world asset-backed stablecoin, further strengthens XRPL’s DeFi capabilities, potentially attracting more users and institutional players. The amendment is expected … The post XRP Ledger To Vote on Key Amendment: Could RLUSD AMM Pool Boost XRP? appeared first on Coin Edition .

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