XRPL has marked notable partnerships in recent months
stay, the issuer of the largest Euro-backed stablecoin, has completed the XRP Ledger integration for its flagship EURS stablecoin. The XRP Ledger will re-open the box for stablecoin use cases.
EURS claims to be the largest non-USD stablecoin with over $5 billion of transferred value and the biggest euro-denominated staking pools. EURS, a stablecoin pegged to the world’s second-most-traded currency, the euro, ranks as a top 10 stablecoin globally and has amassed tens of thousands of users in its international communities.
XRPL has made remarkable partnerships in recent months. In September, Stables announced its partnership with Ripple for technical support to launch its multi-protocol stablecoin “USDS” on the XRP Ledger.
Recent XRPL developments
As reported by U.Today, Ripple CTO David Schwartz took to Twitter to announce the start of the NFT revolution on XRP Ledger.
Thanks to the collective effort of the XRPL community and RippleXDev engineers, XLS-20 is now enabled on the XRP Ledger mainnet, and some NFTs have already been mined.
Brad Garlinghouse, CEO at Ripple who was celebrating the feat, described it as “an incredible milestone” for the XRP Ledger community.
After the XLS 20 release, XRP volume had already reached 5,750,000 in two hours on the NFT marketplace onXRP.com.
On Oct. 17, XRPL saw the launch of its first EVM sidechain, developed by blockchain development firm Peersyst Technologies. The EVM-compatible sidechain was launched on the devnet, which marks the first step of a three-part process.
