CandleFocus Meld Gold Launches Gold and Silver-Backed Stablecoins on XRP Ledger, Leveraging Native Features
2024-10-01
Author: Content Editor
Meld Gold and Ripple have collaborated to tokenize gold and silver on the XRP Ledger, with the first transaction taking place on September 29. Meld Gold intends to release two stablecoins backed by gold and silver on the XRPL, with each token representing 1kg of the metals held by custody providers. The collaboration aims to offer greater access and efficiency to real-world assets, and Meld Gold plans to implement patent-pending work on connecting physical items to the blockchain. The move is expected to redefine the XRPL's decentralized finance ecosystem. Additionally, Ripple has announced the advanced phase of its RLUSD stablecoin on the XRPL.
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