JPMorgan, Mastercard make first cross-border US Treasury transfer via XRP Ledger

Burns Brief

The cross-border tokenized US Treasury transaction using blockchain and banking rails builds on an earlier pilot in which the same fund moved between a public and permissioned blockchain Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch $XRP for reaction — a decisive move above or below key levels will confirm the next trend.