The recent integration of BlackRock-backed tokenized treasuries on the XRP Ledger (XRPL) could increase institutional interest in Ripple – a topic we’ll explore below.
Meanwhile, PlutoChain ($PLUTO) might optimize Bitcoin with its hybrid Layer-2 chain by improving transaction speed and reducing costs.
Let’s check out the details.
Ripple Price: Will BlackRock-Backed Treasuries on XRP’s Ledger Spark a Rally?
Ripple Labs has joined forces with Ondo Finance to introduce tokenized U.S. Treasuries on the XRP Ledger (XRPL).
The initiative brings Ondo Short-Term U.S. Government Treasuries (OUSG) to the blockchain, backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
This collaboration gives institutional investors a new way to access secure and yield-generating assets in a compliant and efficient manner – which could drive Ripple price up.
Blockchain enthusiast and entrepreneur Crypto4Life said that a $10 XRP would be enough to change most people’s lives, but it could just be the beginning for Ripple.
How PlutoChain Could Optimize BTC’s Ecosystem With Speed and Scalability Upgrades
Bitcoin is still the most well-known cryptocurrency, but there are issues with its high fees and sluggish transaction speed. A Layer-2 solution called PlutoChain might provide a means of enhancing Bitcoin’s functionality without sacrificing its security.
PlutoChain could process transactions off-chain before finalizing them on Bitcoin’s base layer. This approach might reduce congestion and enhance transaction speed. With a block time of just two seconds compared to Bitcoin’s ten minutes, PlutoChain may offer a much faster alternative.
Lower fees could make Bitcoin more practical for daily transactions rather than solely a long-term store of value. Additionally, PlutoChain’s Ethereum Virtual Machine (EVM) compatibility might enable developers to build decentralized applications (dApps) and DeFi solutions on the Bitcoin network.
Initial testnet data indicates that the network may support over 43,200 transactions per day, as well as significantly surpassing Bitcoin’s base layer block times. To put this in perspective, PlutoChain could process hundreds of transactions in the time it takes Bitcoin to mine a single block.
Security remains a key focus, with audits from firms such as SolidProof, QuillAudits, and Assure DeFi assessing its resilience. PlutoChain also brings a decentralized governance model, so users can vote for new platform upgrades on the governance portal and directly impact its future.
The Bottom Line
Ripple’s (XRP) integration of BlackRock-backed tokenized treasuries onto XRPL may boost institutional adoption and increase demand for XRP.
Simultaneously, PlutoChain could address Bitcoin’s inefficiencies through powerful Layer-2 features and technology. PlutoChain could change Bitcoin’s role in the ecosystem by adding smart contracts to its secure network.
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Please remember that this article is purely informational and not financial advice. Any and all cryptocurrencies are volatile, with prices prone to rapid changes. Always do your own research and consult an expert before joining any crypto venture. We are not liable for any outcomes based on the information in this article. Statements about the future entail risks and may not reflect updates.
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