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Ripple joins the US-UK encryption working group to support XRP's cross-border applications and compliance.
[Coin World] Ripple's Managing Director for the UK, Cassie Craddock, announced that the company will leverage the newly established US-UK Transatlantic Cryptocurrency Working Group, which aims to strengthen cooperation in digital assets, stablecoins, and cross-border market access. Ripple has a strong influence in both the UK and the US and is expected to help shape transatlantic digital finance standards. This initiative is expected to promote the adoption of Ripple's USD stablecoin (RLUSD) and XRP, especially in cross-border transactions, while emphasizing the importance of ensuring regulatory compliance through zk-SNARKs and KYC solutions. Despite the recent market fall, given that XRP is trading at $2.74, Ripple still believes there are significant institutional investment opportunities in the future.