Odaily Planet Daily News James Wallis, Ripple's vice president in charge of central bank business, said on Friday that Ripple's long-term legal dispute with the US SEC "has little impact" on the company's dialogue with central banks.
Wallis also stated that Ripple's decision to sell XRP does not constitute an investment contract, which is a major victory not only for Ripple, but also for the entire industry. However, the legal battle that has been going on since 2020 has not had any adverse effect on Ripple's ability to talk to central banks and move forward with projects. (CoinDesk)
According to previous news, the Palau government launched a US dollar-backed stablecoin pilot project on July 26. The new currency will be issued on XRP Ledger, which is the latest project to run on the Ripple CBDC platform launched in May. The country will distribute the first Palau stablecoin (PSC) in a pilot program to government employees.