Why Is XRP Excluded from Ripple Liquidity Hub Despite Court Ruling?

Coin Edition
Coin Edition

16 Sep 2023 1:27 PM

Ripple expands Liquidity Hub to USDT and USDC, but XRP remains out due to legal uncertainty and practical considerations. Read more on CE....

  • Ripple has expanded its Liquidity Hub product to include the stablecoins USDT and USDC, catering to institutional investors.
  • XRP, despite being classified as a digital asset rather than a security, is not included in the Liquidity Hub.
  • The XRP community questions this decision, considering the recent court ruling.
  • Legal expert Bill Morgan explains that while XRP itself is not considered a security, the status of Ripple's use or sales of XRP remains uncertain.
  • The uncertainty arises from the SEC's intent to appeal the XRP victory judgment.
  • From a practical standpoint, assets like Bitcoin, Ether, USDC, and USDT have been included in the Liquidity Hub due to their high liquidity and widespread usage.
  • Ripple is likely to prioritize the interests of its shareholders and customers over those of XRP holders.

The article presents a situation where Ripple expands its Liquidity Hub but excludes XRP, leading to concerns and questions from the XRP community. Legal expert Bill Morgan provides insight into the legal uncertainties surrounding Ripple's use or sales of XRP. The sentiment is neutral, highlighting the legal and practical considerations involved.

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You May Ask

Why has Ripple expanded its Liquidity Hub to include USDT and USDC but not XRP?What is the recent court ruling regarding XRP's classification?Why does the XRP community question the exclusion of XRP from the Liquidity Hub?What legal uncertainties surround Ripple's use or sales of XRP?Why are assets like Bitcoin, Ether, USDC, and USDT included in the Liquidity Hub?

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