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Cryptocurrency News Articles

Circle Eyes XRP Ledger Integration for USDC, Boosting Ecosystem

Mar 22, 2024 at 06:16 pm

Circle, the blockchain payment company that launched USDC, is considering adding its stablecoin to the Ripple (XRP) Ledger. XRP has emerged as a versatile blockchain, attracting over 1,500 projects due to its security, fast transactions, and low fees. Despite its capabilities, Ripple has not yet been able to secure USDC or Tether (USDT) for its ecosystem.

Circle Eyes XRP Ledger Integration for USDC, Boosting Ecosystem

Is Circle Considering Bringing USDC to the XRP Ledger?

Circle, the company behind the USDC stablecoin, is exploring the possibility of integrating USDC with the Ripple (XRP) Ledger. This move would mark a significant development for the XRP ecosystem, which has struggled to attract major stablecoins like USDC and Tether (USDT).

Why Hasn't Circle Added USDC to XRP Ledger?

Panos Mekras, an advocate for bringing stablecoins to XRP, reached out to Circle to inquire about the absence of USDC on the XRP Ledger. Circle responded by expressing interest in expanding USDC's presence to additional blockchains, including the XRP Ledger.

Ripple's Legal Woes: A Barrier to Stablecoin Adoption?

While Circle did not explicitly acknowledge the impact of Ripple's ongoing legal issues with the U.S. Securities and Exchange Commission (SEC), it is possible that these issues have played a role in USDC's absence from the XRP Ledger. The legal uncertainty surrounding Ripple has hindered its growth and adoption in recent months.

InQubeta: A Rising Star in the Altcoin Market

Amidst the uncertainty surrounding XRP, InQubeta (QUBE) has emerged as a promising altcoin. The project's presale has surpassed its initial $10 million goal, raising over $12 million. InQubeta aims to democratize access to artificial intelligence (AI) investments by offering fractionalized non-fungible tokens (NFTs) representing equity and reward-based investments in AI startups.

Why Invest in InQubeta?

InQubeta presents a unique opportunity for investors seeking exposure to the rapidly growing AI industry. The project's Ethereum (ETH)-hosted network simplifies AI investment, making it accessible to a broader audience. As the AI space continues to attract significant investor interest, InQubeta is well-positioned for growth.

QUBE Token Potential: A Path to Dollar Mark

QUBE tokens are currently priced at $0.028, but analysts predict they could reach $1 by year-end. This potential for significant appreciation makes InQubeta an attractive investment for those seeking high-growth altcoins.

Conclusion: XRP vs. QUBE

XRP and QUBE represent distinct investment opportunities with different risk-reward profiles. XRP offers potential upside once its legal issues are resolved, while QUBE provides exposure to the emerging AI investment market. Investors should carefully consider their investment objectives and risk tolerance before making any decisions.

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Other articles published on Nov 22, 2024