CandleFocus

XRP Rebranding on Binance as Ripple’s RLUSD Nears Launch

Author: Content Editor
Binance, a popular cryptocurrency exchange, has made a subtle but significant change in how it refers to XRP. Previously, the exchange called XRP "Ripple," but it has now changed to using the correct name, XRP. This change reflects a shift in branding that has caught the attention of the crypto community. XRP and Ripple are often mistakenly used interchangeably, but they actually have distinct roles. Ripple is the company behind XRP, which is a cryptocurrency designed for fast cross-border payments. While Ripple uses XRP in its payment network, XRP operates independently. This change in branding is significant, especially in light of Ripple's legal battle with the SEC, where the classification of XRP as a potential security is being debated. The timing of Binance's rebranding coincides with increased activity on the XRP Ledger, with a surge in active wallets and the upcoming launch of Ripple's RLUSD stablecoin. These developments hint at a more mature and standalone future for XRP within the crypto market. Investors and users of XRP should monitor these developments closely.

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