Ripple Replaced XRP With USDT For US Clients, Here’s Why
Summary
Ripple has shifted its US-based On-Demand Liquidity (ODL) services from using XRP to Tether (USDT) as a bridge currency in response to the SEC lawsuit's summary judgment. This change aims to align with US legal standards while still supporting global operations, particularly in the Asia-Pacific region. The company's financial dependency on XRP sales is highlighted, as it operated at a loss without revenue from XRP sales from April 1, 2014, through December 22, 2020. Ripple's XRP traded at $0.549 at the time of the article.
