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Muhammad Waqas18
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Binance Square's "Write to Earn" Program
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Why Owning 1,000 XRP May Soon Be Out of Reach for Many Investors XRP Wallet Data Highlights Growing
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#EthereumSecurityInitiative Ethereum will go to 2700$ Then you realize . . . . . . . . Mark my words. $ETH
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What he do? $ETH
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Recent developments indicate that the U.S. Treasury has approved the use of XRP for settling portions of the national debt, marking a significant shift towards integrating digital assets into public finance. However, there is no official confirmation that the U.S. government plans to use XRP specifically to settle debts with China. Here are 7 key points to consider: 1. U.S. Treasury's Approval of XRP: In November 2024, the U.S. Treasury recognized XRP as a valid payment method for settling parts of the national debt, signaling a move towards embracing blockchain technology in public finance . 2. Initial Allocation: Following the approval, $10 million worth of XRP was allocated to the U.S. Treasury, highlighting the government's initial steps in utilizing digital assets for debt settlement . 3. Ripple's Strategic Moves: Ripple has invested $10 million in tokenized U.S. Treasury bills on the XRP Ledger, aiming to enhance the liquidity and utility of blockchain-based financial instruments . 4. Speculative Price Projections: Analysts speculate that if XRP were widely adopted for national debt repayment, its price could surge significantly. However, such projections are highly speculative and depend on numerous factors . 5. Ripple's Settlement with SEC: Ripple has agreed to pay $50 million to the SEC and another $50 million to the U.S. government, with discussions about making these payments in XRP, demonstrating confidence in the cryptocurrency's value . 6. China's Financial Strategies: China has been reducing its holdings of U.S. Treasury securities and increasing its gold reserves, indicating a shift in its approach to foreign reserves . 7. No Official U.S.-China XRP Agreement: Despite the U.S. Treasury's approval of XRP for debt settlement, there is no official agreement or confirmation that the U.S. plans to use XRP specifically to settle debts with China. $XRP
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