Ripple Maxi Says Banks Are Trying To Kill XRP And RLUSD, What’s The Truth?
Ripple, XRP, and RLUSD have become the focus of a new controversy after crypto commentator Pumpius claimed major banking groups are lobbying against legislation that could strengthen Ripple’s stablecoin ecosystem. The claim gained traction after internal messages linked to the American Bankers Association revealed concerns about stablecoin regulations and their potential impact on traditional bank […]
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Ripple CEO Brad Garlinghouse moved to puncture speculation that the company’s new US dollar stablecoin, RLUSD, has displaced XRP at the core of the company’s strategy, telling Crypto in America reporter Eleanor Terrett that XRP remains foundational even as it routes transactions over multiple assets depending on corridor economics and customer needs. Ripple CEO Sets […]
Ripple has carried out a series of large RLUSD burns in recent weeks to remove millions of the stablecoin from circulation. According to data from the RLUSD burn tracker @RL_Tracker, more than 2.7 million RLUSD were recently destroyed in a single transaction, the biggest burn in many weeks. Ripple Burns Massive Amounts Of RLUSD Crypto burns are not new to the crypto industry, especially when it comes to stablecoins. Interestingly, data from the RLUSD burn tracker, @RL_Tracker, has revealed an uptick in the amount of RLUSD burned in the past two weeks, which is worth noting. Related....
Ripple’s RLUSD stablecoin is a potential game-changer in the rapidly expanding stablecoin market, which is projected to reach trillions of dollars. With SBI Holdings planning to bring RLUSD to Japan, the stablecoin could be integrated alongside XRP, positioning Ripple for a stronger role in global payments. RLUSD To Propel Ripple Into Global Spotlight A recent […]
Ripple and SBI Holdings, together with SBI VC Trade Co., Ltd., have signed a memorandum of understanding that outlines their intention for SBI VC Trade to distribute Ripple USD (RLUSD) in Japan. The agreement positions RLUSD for entry into one of the world’s most tightly regulated digital-asset markets, with availability targeted for the first quarter […]
Ripple, the issuer of the fast-growing RLUSD stablecoin, has recently announced an ambitious multichain strategy aimed at enhancing its presence in the crypto space. This initiative will see RLUSD integrated into Layer-2 (L2) solutions on the Ethereum (ETH) blockchain, facilitated by a partnership with Wormhole, one of the largest protocols for cross-chain interoperability. Ripple Targets […]