#Xrp

𝙓𝙍𝙋 𝙇𝙚𝙙𝙜𝙚𝙧 (𝙓𝙍𝙋𝙇) 𝙂𝙖𝙞𝙣𝙨 𝙐𝙎𝘿𝘾 𝙎𝙪𝙥𝙥𝙤𝙧𝙩 𝙤𝙣 𝙇𝙚𝙖𝙙𝙞𝙣𝙜 𝙐.𝙎. 𝙀𝙭𝙘𝙝𝙖𝙣𝙜𝙚 𝘼𝙨 𝙎𝙚𝙣𝙖𝙩𝙚 𝙋𝙖𝙨𝙨𝙚𝙨 𝙂𝙚𝙣𝙞𝙪𝙨 𝘼𝙘𝙩

Uphold has announced the integration of USD Coin (USDC) on the XRP Ledger (XRPL). This addition allows users to seamlessly transfer USDC between their Uphold and external XRPL wallets. The integration connects the Circle issued stablecoin to a fast, low-cost network, broadening the access of Uphold users to the XRP Ledger’s features.

The XRP Ledger (XRPL) is designed to facilitate cross-border crypto transactions by providing a fast and low-cost alternative for transferring funds. Subsequently, it allows financial institutions, payment providers, and individuals to send and receive payments securely. The XRPL’s focus on low fees and nearly real-time transactions makes it an ideal platform for integrating USDC, a stablecoin pegged to the US dollar. This update comes ahead of explosive adoption of the XRP Ledger.

The uphold team today in a X post, announced integrating XRPL with USDC. Now the exchange users can easily send their USDC tokens between Uphold and other XRPL wallets.

This gives new opportunities to the entrepreneurs, traders, and developers that depend on digital currencies to settle cross-border payments. The collaboration between Uphold and XRPL will, therefore, provide an enormous leap towards letting quicker and cheaper transactions take place along blockchain networks.

The XRP Ledger is approaching a significant deflationary milestone with nearly 14 million XRP burned to date. As of now, the total XRP permanently destroyed through transaction fees has reached 13,998,810 tokens. This deflationary mechanism is a key feature of the XRP Ledger, contributing to the long-term sustainability and security of the network.