In the past seven days, $55.9 million worth of Ripple USD (RLUSD) stablecoins were burned, outpacing the $8.8 million minted, signaling reduced activity in June compared to May. Early June saw high RLUSD activity with $127.4 million minted on the first day, but the momentum slowed down as the month progressed. Despite quieter minting and burning, RLUSD expanded its ecosystem presence with new partnerships in Turkey, integration with Mastercard's settlement network, and support for cross-chain transfers via Wormhole. These developments suggest ongoing institutional interest and infrastructure growth for RLUSD despite the temporary dip in token activity.
XRP recently fell below its crucial $1.32 support, trading around $1.15 amid a bearish trend. However, on-chain data reveals strong network activity with over one million daily transactions and high payment volumes, indicating sustained usage despite...
XRP exchange-traded products attracted over $10 million in inflows for the fifth consecutive week, contrasting with Bitcoin and Ethereum funds which faced significant outflows. This continued demand for XRP ETFs highlights growing institutional inter...
USDC remains the primary stablecoin for AI agent payments due to its broad liquidity and integration across major chains like Base and Solana. Ripple's RLUSD is emerging as a competitive alternative, especially on the XRPL network, supported by the X...
The crypto market is experiencing a generally positive session with the CoinMarketCap 20 Index up nearly 1% for the day and 3.5% over the week, despite being down over 30% year-to-date. Bitcoin trades around $64,278, showing modest daily gains but re...
XRP exchange-traded funds (ETFs) have attracted $10.68 million in net inflows for the week ending June 12, marking the fifth consecutive week they have outpaced Bitcoin and Ethereum ETFs. Despite bearish sentiment in the broader crypto market, XRP's ...
