#XRP Ripple and its advantages. XRP is Ripple's cryptocurrency token, which is used to transfer funds across borders at a low cost — trustlessly and instantly. Its primary use is to serve as a bridge currency to offer financial institutions a more cost-effective way to exchange both crypto and fiat currencies.
According to Ripple CTO Stefan Thomas, XRP is quicker and cheaper at fractions of a penny and about three seconds faster per transaction compared to other digital assets. XRP also offers other advantages: using XRP, banks can source liquidity on-demand in real-time without having to pre-fund nostro accounts. #XRP #BinanceSquare #usdr
A whale with long positions in WBTC, ETH, LINK, UNI and MKR on Aave began selling WBTC to pay off its debt. It deposited assets worth $11 million in Aave and borrowed $8.45 million in stablecoins. The health rate is 1.08, indicating a risk close to liquidation.