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In the ever-evolving market of cryptocurrencies, adjustments within established tokens like Ripple and stablecoins like USDC often prompt investors to explore new opportunities. The ongoing legal dispute between Ripple Labs and the SEC regarding the status of Ripple as a security has cast a shadow of uncertainty, prompting astute investors to explore other assets that have significant potential.
In parallel, the steadfastness and dependability of USDC underscore the criticality of secure digital currencies, encouraging users to broaden their investment horizons. Meanwhile, Ripple adjustments lead savvy investors to explore Fezoo (FEZ) with USDC users also showing strong interest.
Legal Battle Over Ripple (XRP) Security Status
Since late 2020, Ripple (XRP) Labs, the creators of the Ripple token, has been embroiled in a legal dispute with the United States Securities and Exchange Commission (SEC) over whether XRP should be classified as a security. Operating independently of external blockchains, the Ripple Ledger provides a decentralized public infrastructure designed for expeditious transactions, cost-effectiveness and enhanced scalability.
Its consensus protocol enables the XRPL to handle up to 1,500 transactions per second (TPS), with the potential for further scalability through optimizations. In late December 2023, the XRPL encountered challenges due to a surge in tiny transactions valued at 0.000001 XRP each, directed to the same receiving wallet address. These micro-payments, suspected of being fraudulent, overwhelmed the XRPL network, leading to transaction volume spikes of 60-70 TPS.
Stability of USDC (USDC)
USDC (USDC), a stablecoin, has demonstrated remarkable stability in its weekly price movements, fluctuating between $0.9996 and $0.9998. One of the key features of USDC is its backing by a reserve of $1 for every unit of USDC in circulation. This reserve consists of a combination of cash and short-term U.S. Treasury bonds, ensuring that USDC remains fully collateralized and redeemable on demand.
USDC trades at a value of $1, maintaining its peg to the U.S. dollar. As the demand for stablecoins continues to grow, the USDC value proposition as a reliable and accessible digital currency remains strong.
Savvy Investors Explore Fezoo (FEZ)
Unlike centralized exchanges, Fezoo (FEZ) prioritizes user control, eliminating the need for KYC checks. Fezoo users simply sign up with an email and username, granting them instant access to trade and providing liquidity across numerous pairs. With lower fees compared to traditional platforms like Binance and Kucoin, FEZ empowers users to manage their funds securely while enjoying instant deposits and withdrawals.
Through a sophisticated VIP program, traders can climb ranks and receive up to a remarkable 70% kickback. Additionally, a revenue-sharing system distributes 50% of platform fees to presale investors, rewarding them proportionally based on their holdings. Currently in Stage One of its presale at $0.013, Fezoo presents a rare opportunity for early investors to join a potential blue-chip cryptocurrency project with significant growth potential.
Find out more about the Fezoo (FEZ) presale by visiting the website here
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Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.
