XRP Coin, one of the largest altcoins by market capitalization, has faced legal challenges for years. However, recent regulatory changes open new prospects for Ripple.
Legal Battles and Cryptocurrency Regulation
XRP Coin has been under legal scrutiny for a long time, hindering Ripple's technological improvements and ecosystem development. However, recent changes in the SEC's stance under the Trump administration offer new perspectives on cryptocurrency regulation.
Ripple's Efforts in DeFi
Recently, Ripple shared a detailed assessment of its goals in the DeFi sector for the XRP Ledger. The focus is on initiatives in institutional decentralized finance, crucial for Ripple in building infrastructure for banks and financial institutions.
Future Development of XRP Coin
The future price of XRP Coin is directly related to the strengthening of the XRP Ledger. Developments will include identity credentials based on the Decentralized Identity (DID) standard. The introduction of a Multi-Purpose Token standard will allow financial institutions to offer loans tokenized or supported by stablecoins.
Ripple aims to become a leader in regulated on-chain financing, shaping the future of institutional DeFi through innovations like Automated Market Makers (AMMs) and new tokenization standards.
