Ripple has burned another 10 million RLUSD tokens, continuing a series of burns that have reduced the circulating supply of its U.S. dollar-backed stablecoin by about 20% since late May. These burns occur as users redeem RLUSD for dollars, aligning supply with demand, and do not necessarily indicate weakening adoption. The stablecoin's market cap has fallen from around $1.9 billion in May to approximately $1.52 billion currently. Meanwhile, Ripple is expanding RLUSD's use, including integrating stablecoin payments for AI agents and funding grants through RLUSD donations.
VanEck, a major financial firm managing $110 billion, sees Ripple's XRP Ledger as a leading player in cross-border payments, collateral, and securitization markets by 2030. These markets combined generate tens of billions annually, with XRP positione...
A leaked SWIFT-branded slide shows Ripple positioned centrally in SWIFT's updated payment flow, implying XRP could serve as an optional liquidity layer alongside SWIFT's messaging system rather than replacing it. This has sparked debate among analyst...
South Korean weather platform Kweather and blockchain network Flare have signed a Letter of Intent to pilot publishing verified meteorological data on-chain. This project uses Flare’s oracles to provide tamper-resistant weather data like temperature ...
XRP exchange-traded funds (ETFs) have experienced eight consecutive weeks of net inflows totaling about $1.5 billion since November, even as XRP's price dropped to its lowest in 19 months, around $1.05. This divergence suggests that while retail inve...
XRP is trading around $1.06, facing bearish technical pressure with resistance near $1.10 and support at $1.00. Despite technical weakness, regulatory developments like the US CLARITY Act and EU MiCA licensing provide potential long-term support. On-...
