Meld Gold has established a strategic alliance with San Francisco-based fintech startup XRP, a trailblazer in action ready to change the scene of digital assets. A major turning point for the precious metals sector as well as blockchain technology, the project intends to present two creative stablecoins backed by silver and gold onto the XRP Ledger.
An official Meld Gold statement claims that the collaboration will use the knowledge of top custody providers MKS Pamp and Imperial Vaults to guarantee the validity and stability of the assets. Designed for release on XRP Ledger in the third quarter of 2024, each token will represent one gramme of the corresponding precious metal.
“This integration of XRPL as our second blockchain, alongside Algorand, indicates a monumental leap towards democratizing access to assets like gold and silver,” said Meld Gold CEO Michael Cotton. “We are positioned to provide investors all around unmatched opportunities by leveraging industry-leading technologies.”
XRP Ignites Blockchain Innovation Revolution
In the field of blockchain innovation, meantime, Cardano, the creation of Charles Hoskinson, is about to undergo a historic make-over. The platform is getting ready for the long awaited Chang hard fork with Cardano Node 9.0 about to emerge. Hoskinson sees this milestone as opening the Age of Voltaire, therefore ushering a new period of decentralization and openness inside the Cardano ecosystem.
“The Voltaire phase reflects a quantum leap not only for Cardano but also for the whole blockchain sector,” said Hoskinson. “We are on the cusp of creating a dispersed civilization spanning the globe, empowered by cutting-edge governance mechanisms and the collective wisdom of our community.”
Colin Wu reports that the Ethereum network saw a notable wealth transfer among these seismic changes. Holding a sizable 67,000 ETH since 2015, an unknown Ethereum whale relocated some of their assets— approximately 15,200 ETH—to the well-known exchange Kraken. Valued at $56.1 million, the deal highlighted the whale’s trust in the developing DeFi ecosystem.
Further investigation turned out that the Ethereum address of the whale, a relic from the first block of the platform, still has an astounding 41,000 ETH, valued around $152,3 million. Only the third movement of money from the account since 2022, this recent acquisition indicates a thoughtful and planned approach to asset management in the always changing terrain of digital finance.
These advances indicate a paradigm change in our view and interaction with digital assets as the domains of traditional finance and blockchain technology intersect. The future of finance seems ready for a radical trip into unexplored areas as invention drives development at an unheard-of speed.
