Ahead of the Ripple stablecoin (RLUSD) launch, the fixAMMv1_1 amendment has gone live on the XRP Ledger (XRPL) mainnet. This upgrade is a significant step towards improving liquidity and efficiency for traders in the ecosystem. It comes after Ripple Labs conducted a series of tests for the RLUSD stablecoin.
Ripple Stablecoin To Find More Use Cases With fixAMMv1_1 Amendment
According to XRPScan, this fixAMMv1_1 amendment was implemented on Tuesday after it passed the threshold of 28/35 with 32 validators in support of the proposal. This major upgrade increases the capacity for direct, decentralized trading on the XRPL. Its design enhances liquidity and efficiency for users on the XRPL.
The amendment received a consensus of 91.43%, reflecting validators’ strong belief and confidence in the capacity of the upgrade. Noteworthy, the Ripple Labs’ RLUSD stablecoin, which was introduced in June, may find full expression of its potentials on different XRPL Automated Market Marker (AMM) po
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