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XRP Ledger Sidechain Xahau Completes Key Milestone

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This week, blockchain news emerged as the XRP Ledger sidechain, Xahau, reached a key milestone. The XRP Ledger now supports a blockchain-based euro remittance system in Ethiopia, developed by TerraPay in collaboration with Oromia Commercial Bank and INFTF. The Xahau team shared the update, highlighting the growing range of use cases for the Xahau blockchain. The XRP Ledger Foundation also appointed Brett Mollin as Executive Director and Denis Angell as CTO. A major blockchain upgrade was underscored as Ondo, Ripple, JPMorgan Chase, and Mastercard completed the first cross-border tokenized U.S. Treasury bond trade on the XRP Ledger.
CoinDesk reports:

XRP Ledger is drawing attention as its sidechain, Xahau, becomes central to the launch of a blockchain-based euro remittance settlement system targeting Ethiopia.

Global payments infrastructure company TerraPay, in collaboration with Oromia Cooperative Bank, has announced the launch of a blockchain-based remittance settlement system for receiving remittances to Ethiopia. The project supports euro remittances from Europe and was developed in partnership with the Inclusive FinTech Foundation (INFTF).

INFTF and TerraPay, in collaboration with Ethiopia's financial authorities, have established a regulatory and technical framework for blockchain-based inbound settlement.

A major milestone on the Xahau roadmap has been completed!

From core developers to fintech companies and banks, the entire ecosystem works daily to make Xahau the preferred blockchain for real-world transformation.

View the roadmap: https://t.co/Ml3VxnY4nBpic.twitter.com/r0LbvCmVqG

— Xahau Network (@XahauNetwork)May 9, 2026

The core of the plan is to use the Xahau blockchain as the settlement layer.

The official Xahau X account emphasized this in a recent tweet, noting that an important milestone on the Xahau roadmap has been achieved, while highlighting that the practicality of the Xahau blockchain is continuously increasing.

Latest developments on the XRP Ledger

The XRP Ledger Foundation, a nonprofit organization dedicated to the development, growth, and promotion of the XRP Ledger and its community, has announced its new team. The new team members include: Brett Mollin, appointed Executive Director; Denis Angell, named Chief Technology Officer; Rene Huijsen, serving as Director of Operations; and Vet (Hussein Zangana), appointed Director of Community.

The new team seeks to collaborate with stakeholders of the XRP Ledger to advance progress across the community and technology.

The latest network update for XRPL has released version 3.1.3, which includes a fix.

This week, Ondo, Ripple, JPMorgan, and Mastercard completed the first cross-border exchange of tokenized U.S. Treasuries on the XRP Ledger, a significant milestone in blockchain development.

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