XRP Ledger Records 477 Auto-Bridging Events in 24 Hours

Data shows XRP facilitating EUR and BRL cross-border trades, with EUROP/RLUSD pairs leading transaction volumes.

XRP
RLUSD

Summary

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Terms & Concepts
  • XRP Ledger: A decentralized blockchain for the XRP cryptocurrency, designed for fast and efficient cross-border transactions.
  • Auto-bridging: A mechanism on XRP Ledger that automatically uses XRP to bridge two currencies in a trade when no direct pair exists.
  • Cross-border payments: Financial transactions between parties in different countries, often requiring currency conversion.