Ripple (XRP) Forms New Partnership to Foster Stablecoin Adoption

Ripple wants to test issuance of CBDCs and stablecoins through a new partnership.

Stablecoins and central bank digital currencies have been an ongoing point of discussion for a while now.

Ripple – the company behind one of the world’s largest cryptocurrencies, XRP – has entered into a new partnership aimed at fostering support for both.The partnership aims to become a catalyst for testing and issuing digital assets, which include stablecoins and central bank digital currencies . The aim is to bolster the confidence of regulators when it comes to the security and the safety of these assets.

The collaboration will be known as the Axiology project – a tokenized securities and settlement system infrastructure. It’s worth noting that the effort comes following a move by the EU Commission, which introduced a somewhat innovative pilot program akin to a sandbox, which provides temporary exemptions from existing regulations.

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