Recent developments in the cryptocurrency sector feature an assertion by analyst JackTheRippler, suggesting U.S. management of assets like Bitcoin on the XRP Ledger.
Context of the Claim
On March 7, 2025, President Donald Trump signed an order to establish a government Bitcoin reserve. Plans include storing inaccessible assets, about 200,000 Bitcoins. This initiative aims to create a 'digital Fort Knox'.
Ripple's Custody Services
In October 2024, Ripple launched a custody service for banks. Features include XRP Ledger integration for asset tokenization and low trading fees. Major financial institutions like HSBC already use the service.
Implications of Government Integration
Potential use of Ripple for government needs could boost trust in its solutions. This move could lead to more clients and solidify Ripple's market position.
While the claim about U.S. employing XRP Ledger remains speculative, Ripple's strategic digital asset management plans deserve attention.
