XRP’s price dropped despite a major partnership announcement between Ripple and Brazilian financial-market infrastructure provider CSD BR. The latter has started integrating the XRP Ledger into its infrastructure, with the first project involving investment fund shares from BTG Pactual, one of Latin America’s largest investment banks. Ripple executive Luke Judges estimated that the first issuance could reach $15 billion worth of assets represented on the XRP Ledger, which remains the only blockchain in CSD BR’s technology stack. XRP is currently trading around $1.51, showing flat performance over the past week.
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