Flare CEO Calls XRP Price Drop After CSD BR Integration 'Lunacy'
- —CSD BR began integrating the XRP Ledger, starting with BTG Pactual investment fund shares
- —Ripple estimates the first issuance at about $15 billion in represented market cap on XRPL
- —XRPL is the only blockchain in CSD BR's technology stack
- —XRP trades near $1.51 with a nearly flat seven-day performance
Why it matters: Institutional adoption in Brazil's regulated infrastructure has yet to move XRP's price, raising questions about the link between real-world use and market valuation.
Source: U.Today