The concept of a US cryptocurrency reserve has expanded beyond just Bitcoin, as concerns over volatility and regulatory hurdles have sparked discussions about a multi-asset reserve. XRP (XRP-USD), known for its speed and efficiency in cross-border payments, is being considered to complement Bitcoin’s role as a store of value.
Bitcoin, once the frontrunner due to its capped supply and decentralized nature, now faces challenges from volatility and environmental concerns. Companies like Tesla and MicroStrategy have held large amounts of Bitcoin, but regulatory uncertainty has slowed momentum.
XRP offers faster transaction settlement times and lower fees, making it an attractive candidate for a reserve focused on liquidity and payments. However, regulatory challenges persist, with the SEC still considering XRP a security in certain contexts.
Some experts suggest a diversified reserve that includes Bitcoin, XRP, and stablecoins could provide greater stability. Despite concerns over Ripple’s control of the network, discussions around a mixed crypto reserve are gaining momentum.
The current price of XRP is $2.3456, as the US considers expanding its cryptocurrency holdings beyond Bitcoin.
Source: https://www.tipranks.com/news/u-s-explores-shocking-multi-asset-crypto-reserve-idea-with-xrp-and-bitcoin