Ripple has burned 30 million RLUSD stablecoin tokens on the Ethereum blockchain as part of its deflationary strategy to manage supply and maintain the 1:1 peg to the U.S. dollar. This burn reflects Ripple's efforts to balance circulating supply amid growing adoption and network activity, ensuring RLUSD's efficiency in enterprise use. The move also signals active usage of RLUSD across multiple firms, potentially boosting recognition for Ripple's associated cryptocurrency, XRP. Such burns may occur when users redeem stablecoins for fiat or when treasury adjustments are needed.
Most major cryptocurrencies experienced price declines, including Bitcoin dropping 3.25% to $72,762 and Ethereum falling 3.96% to $1,987.25. Other notable coins like Binance Coin, Solana, and Cardano also saw decreases, reflecting a broad market pull...
XRP's ecosystem for tokenized real-world assets (RWAs) has surged by 78% year-to-date in 2026, rising from $227 million to over $404 million, significantly outpacing Ethereum's 35% growth. XRP reached $400 million in tokenized assets in just 15 month...
XRP reached $3.66 in July 2025 but fell sharply and started 2026 strong at $2.41 before entering sideways trading. Currently trading around $1.28, XRP is over 65% below its peak and needs a rally of more than 186% to set a new record. Prediction mark...
Block's head of Bitcoin product, Miles Suter, firmly rejected integrating XRP into the Cash App ecosystem, stating "never" in response to user inquiries. Instead, Block has launched free USDC stablecoin transfers for its 59 million users across multi...
Ripple transferred 60 million XRP, worth over $79 million, to an unknown wallet, triggering speculation about its purpose amid a sharp price drop. XRP fell below $1.30 to $1.26, its lowest since November 2024, increasing bearish sentiment and casting...
