Ripple to Raise $1 Billion for XRP through SPAC Treasury

Ripple is planning a strategic move to acquire $1 billion worth of XRP through a special purpose acquisition company (SPAC). This new initiative aims to bolster its financial reserves and strengthen the XRP ecosystem. Ripple will use the SPAC structure, offering a fast and efficient path to secure funds for this endeavor. This bold step signals increasing institutional trust in XRP and could significantly impact both market stability and adoption.