Meld Gold brings Gold- and Silver-backed assets to XRPL in coming months
GOLD and SILVER assets will represent 1 gram each of the precious metals and will be fully redeemable for Gold bullion and Silver bullion, respectively. Community is expecting more Gold-backed stablecoins to be released on XRP Ledger's rails.Tokenization innovators Meld Gold partnered with Ripple, a U.S. fintech decacorn. As a result of the partnership, Meld Gold will release two new stablecoins on XRP Ledger, backed by Gold and Silver, respectively.
Michael Cotton, Meld Gold CEO, stressed the importance of this release for the entire ecosystem of tokenization protocols on XRPL and the Web3 sphere as a whole:
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