The Depository Trust & Clearing Corporation (DTCC) is not fully adopting or rejecting the XRP Ledger but is gradually integrating blockchain technology to modernize capital markets through tokenization. Ripple, via Ripple Prime, participates in DTCC's initiatives, contributing to discussions on tokenized securities alongside major financial institutions. This reflects a broader trend of traditional financial infrastructure evolving through incremental adoption of blockchain, emphasizing interoperability and innovation rather than immediate replacement. XRP's inclusion in DTCC's collateral framework signals growing institutional recognition but not full settlement network adoption.
The XRP Ledger's stablecoin supply surpassed $1.03 billion in Q3, with transfer volume increasing 39.5% to $14.09 billion, driven mainly by Ripple USD (RLUSD), which holds 98.1% of stablecoin liquidity on XRPL. This milestone highlights XRPL's growin...
Ripple secured final U.S. approval to establish its national trust bank and expanded partnerships with major financial firms in October, projecting $900 million in annual product revenue. Despite these milestones, XRP, the associated cryptocurrency, ...
Binance transferred a total of $400.8 million in cryptocurrency to unknown wallets within a three-hour period ending at 1 p.m. ET on November 1. The largest transaction was a $190 million transfer of two million Solana (SOL) tokens. Other significant...
Exchange wallets saw a net outflow of 133 million XRP in the week ending October 31, just before Ripple released 1 billion XRP from escrow on November 1. This release lowered Ripple's locked XRP from 31.4 billion to 30.4 billion tokens. Despite the l...
Binance plans to restart XRP withdrawals on November 1 between 1–4 a.m. ET following a security breach on October 29 that resulted in an estimated $6.3 billion loss in token assets. The exchange reported that about $3 billion of assets were frozen on...
