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Jack McDonald
@_JackMcDonald_
SVP, Stablecoins @ Ripple
Joined June 2021
67 Following    25.1K Followers
The ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed monthly independent attestation for July is now live! Some late-summer highlights… 1/ RLUSD crossed $2B this month, with over $1B issued on the XRP Ledger alone. Not even two years in, we’re very excited about what’s ahead. Market cap isn’t everything, but some milestones are worth celebrating (this one especially) 🚀 2/ Ripple made strategic investments in ZILO and Licuido to expand digital capital markets infrastructure on the XRP Ledger, with ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed serving as the regulated cash leg for transactions involving tokenized assets. 3/ @Bybit_Official launched Phase 2 of its RLUSD Hold & Earn program after surpassing $50M in assets under custody in just 11 days. 4/ Ripple joined @ClearpoolFin and @CicadaCredit to bring institutional lending to the XRP Ledger, using RLUSD as the credit asset for loans to fintechs, payments companies and other businesses. 5/ Ripple, @MCSocialVenture, @BlockBima and @Fortunecreditld put ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed to work in Kenya, helping small businesses access insurance and credit faster and more efficiently. TL;DR: a 97% reduction in settlement time, at 3,000x lower cost. Real-world utility in action. 🌍 Check out all previous reports here:
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