⚡️ @Ripple $XRP plans to allocate $10M to tokenized U.S. Treasury bills on XRP Ledger
Ripple will allocate $10M to a tokenized version of U.S. Treasury bills that will be available on the @XRPLF for the first time. The assets backing the tokens will be invested in short-dated U.S. Treasuries and reverse repurchase agreements collateralized by U.S. Treasuries. XRP Ledger is an open-source blockchain that uses the cryptocurrency XRP to facilitate global financial transfers and currency exchanges.
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