Ripple is developing a new institutional lending system on the XRP Ledger to enter the tokenized private credit market, valued at over $10 billion. The system, built with Clearpool Finance and Cicada Partners, will offer loans in Ripple's regulated stablecoin RLUSD to real-world businesses, focusing on fintech and payment sectors. Lending transactions will run directly on XRPL using new protocol amendments, requiring XRP for transaction fees and wallet reserves, thus increasing XRP's utility. The system includes compliance features for institutional use, and its mainnet launch depends on validator approval through an amendment vote.
Ripple recently transferred 120 million XRP tokens to a wallet with no identified owner, raising questions about potential impacts on market sentiment and trading activity. This move follows Ripple's previous action of locking 500 million XRP in escr...
Ripple recently received about 90 million XRP tokens from a wallet whose owner is unknown. The transfer was valued at approximately $112.96 million. This large transaction highlights ongoing significant movements in the XRP market, which could influe...
On October 30, XRP experienced the largest decline in open interest among five major crypto perpetual futures, dropping 12.31% to $329.1 million. Bitcoin maintained the highest positive funding rate at 0.0100% every eight hours, equivalent to 10.9% a...
Franklin Templeton, managing $1.79 trillion, has expanded its blockchain-based BENJI money market fund from Stellar's XLM network to include XRP's chain, enhancing real-time interest calculation and liquidity management. The fund’s Singapore version ...
Changpeng Zhao, founder of Binance, publicly asked Elon Musk to stop trolling the cryptocurrency exchange after Musk posted laughing and fire emojis on X (formerly Twitter) in response to Binance's recent hack. The incident highlights tensions betwee...
