The XRP Ledger (XRPL) has introduced two significant updates shortly after implementing a recent amendment, attracting attention from investors. This development coincides with growing anticipation surrounding the potential launch of Ripple’s stablecoin RLUSD. As Ripple continues to enhance the XRPL, speculation is mounting about how these upgrades could influence the stablecoin’s functionality and the broader ecosystem.
The recent upgrades on the XRP Ledger, “fixEmptyDID” and “fixPreviousTxnID,” were implemented following support from 31 validators, surpassing the required threshold. The “fixEmptyDID” upgrade aims to prevent the creation of empty ledger entries, optimizing space utilization and efficiency. Similarly, the “fixPreviousTxnID” upgrade enhances transaction tracking by adding crucial fields for ledger modifications.
These enhancements streamline operations on the XRPL, improving data management capabilities and setting the stage for more sophisticated applications. With Ripple beta-testing RLUSD on XRPL and Ethereum networks, the focus now shifts to how these upgrades might impact the stablecoin’s operations. Ripple President Monica Long has also confirmed plans for RLUSD’s launch this year pending US regulatory approval, highlighting its potential to serve a wider market than XRP.
Long’s statements suggest that the XRPL updates could strengthen the ecosystem for both RLUSD and XRP, offering enhanced functionality and flexibility for various applications.