Moreover, Stellar Rippler cited a 2025 oil transaction between India and the UAE that was settled in their respective currencies. He noted that such deals could indicate early efforts to move away from the US dollar, which has long been the main currency for oil trades worldwide.
XRP Ledger Tied To Cross-Border Commodity PaymentsBuilding on the above developments, Stellar Ripple argued that the XRP Ledger is currently the only “neutral, instant, compliant bridge asset” built for settling cross-border payments, including those tied to commodities such as oil, gold, and silver. He pointed to remarks by Jamie Dimon, CEO of JPMorgan Chase, who publicly acknowledged that blockchain is a better technology for running parts of the global financial system.
