💥💥Guggenheim launches digital debt products backed by the Treasury on the XRP Ledger.
On June 10, 2025, Guggenheim Treasury Services, a subsidiary of investment giant Guggenheim, announced the launch of a fixed-income asset backed by the U.S. Treasury on the XRP Ledger (XRPL), in collaboration with Ripple.
This move marks a significant integration of traditional finance with blockchain technology, with Ripple contributing $10 million as part of the partnership. The product could also be used with Ripple's stablecoin RLUSD, whose circulating supply exceeds $350 million. This initiative could strengthen the use case for XRP in institutional cross-border payments, although the price of XRP, which today hovers around $2.14, remains under pressure due to geopolitical volatility and an indecisive market.🚀
