XRP community members discovered Hidden Road, a brokerage firm acquired by Ripple, joined the Government Securities Division of DTCC, giving access to processing $11 trillion in daily U.S. Treasury trades.
FICC confirmed clearing over $11 trillion in U.S. Treasury trades as of April 9, 2025, indicating a surge in activity due to SEC mandate for expanded central clearing for Treasury transactions.
Ripple aims to integrate XRP Ledger with Hidden Road to handle post-trade operations, enabling faster settlements and transparency, sparking speculation in XRP community about XRP's role in the ecosystem.
Ripple clarified that XRP will not be used for settlements; instead, RLUSD will be the collateral on Hidden Road's platform, leading to debates within the XRP community on XRP's position as Ripple's flagship asset.