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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
Ripple CTO: The goal of XRPL is to form a Decentralized Finance structure around XRP.
Gate News bot news, Ripple's Chief Technology Officer David Schwartz stated that Ripple's tech stack is gradually forming a structure similar to a Decentralized Finance system, capable of handling all operations from payments to lending, investment, and tokenization of assets.
He believes that XRPL, along with XRP and stablecoins like RLUSD, forms a platform capable of supporting various services typically provided by banks and fintech companies, with faster speeds and greater openness.
Schwartz noted that the future of XRPL will include an integrated marketplace, a stablecoin ecosystem, and broader utility beyond XRP. When it comes to quantifying the value of XRP in relation to the actual activity of XRPL, Schwartz admits that it is difficult to determine. However, Ripple's direction is clear: to build a DeFi platform with XRP at its core, but it will not set limits on it.
Source: Cryptodnes