Coinspeaker
Ripple Switches US On-Demand Liquidity (ODL) Clients from XRP to USDT Following Last Year’s Court Order

A recent court filing submitted by Ripple against the United States Securities and Exchange Commission (SEC) reveals that Ripple has made a few changes to its services in the United States. According to the filing, Ripple now uses Tether’s USDT instead of XRP as the bridge currency for its On-Demand Liquidity (ODL) services for US clients.

Ripple Uses USDT for ODL in the US

Ripple’s decision to switch to USDT stems from last year’s court ruling, which concluded that the institutional sale of XRP tokens violates security laws in the US. Following the verdict, Ripple decided to use non-US entities as contract parties to handle the sale of XRP to ODL customers. The filing also notes that all ODL clients in the US now use “a non-XRP bridge currency”.

In addition to the filing, a popular XRP proponent Crypto Eri posted an update on X. Crypto Eri’s post contains a screenshot of an alleged internal note from Ripple President Monica Long detailing the...