tl;dr
David Schwartz, Ripple's chief technology officer, celebrated the launch of the AMMClawback Amendment on the XRPL mainnet in a recent tweet. This feature allows tokens issued with Clawback enabled to be used on the native AMM running on the XRP Ledger, offering more control to token issuers for regu...
David Schwartz, Ripple's chief technology officer, recently celebrated the launch of the AMMClawback Amendment on the XRPL mainnet in a tweet. This feature enables tokens issued with Clawback enabled to be used on the native AMM running on the XRP Ledger, offering more control to token issuers for regulatory compliance and security.
The release of this amendment is expected to enhance liquidity and trading opportunities for the recently launched Ripple USD (RLUSD) stablecoin on XRP Ledger DEXes. The XRP community anticipates that this launch will further establish XRP Ledger as a leading platform for DeFi applications.
In a tweet, David Schwartz highlighted the release of the AMMClawback Amendment on the XRPL mainnet, indicating the range of opportunities it opens for the recently launched Ripple USD (RLUSD) stablecoin.
The release means that tokens issued with Clawback enabled can now be used on the native AMM running on the XRP Ledger. This feature gives issuers much more control over their tokens for regulatory compliance and security.
This new feature allows the recently launched Ripple USD (RLUSD) stablecoin to be used within AMM pools on XRP Ledger DEXes, boosting its liquidity and trading opportunities. Prior to this amendment’s launch, RLUSD could not be used in those liquidity pools.
The XRP community is excited about a wider range of opportunities that the RLUSD/XRP pair will embrace now, including increased liquidity. Many users believe that this launch is another step toward XRP Ledger becoming a leading platform for DeFi applications.