Unlock $1.5 Trillion Potential: Is XRP the Key for U.S. Banks? – BitRss

The recent proposal by Maximilian Staudinger, presented to the newly established crypto task force of the United States Securities and Exchange Commission (SEC), argues that XRP ($2.45) should be considered a strategic asset within the financial system. According to Staudinger, approximately 30% of the $5 trillion held in Nostro accounts by U.S. banks overseas, equating to $1.5 trillion in funds, could be liberated through the use of XRP. However, this claim has sparked debates due to technical infrastructure challenges and regulatory uncertainties.

Could $1.5 Trillion be Unlocked with XRP?

Staudinger’s proposal hinges on three regulatory conditions being met: the SEC categorizing XRP as a payment network, the Department of Justice granting legal approval for banks to use XRP, and the Federal Reserve adopting XRP as a liquidity solution. If these criteria are satisfied, banks could potentially utilize XRP to release the $1.5 trillion in their Nostro accounts.

However, experts harbor significant doubts about the feasibility of this proposal. The total supply and market liquidity of XRP may not suffice for managing the proposed $1.5 trillion fund. Moreover, there is no clear mechanism pre…