Ripple has entered the $10 billion private credit market by upgrading the XRP Ledger (XRPL) with new institutional lending features developed in partnership with Clearpool Finance and Cicada Partners. This initiative enables real-world businesses, such as fintech and payment companies, to access working capital loans using a regulated stablecoin (RLUSD) overseen by NYDFS and held at the Bank of New York. All lending operations occur directly on XRPL, requiring XRP tokens for transaction fees, which increases XRP's utility. The lending protocol is integrated into the blockchain's base layer for enhanced security, avoiding vulnerable third-party smart contracts. Ripple also participates as an investor on equal terms with other institutions. The new system awaits approval from XRPL validators before full deployment on the mainnet.
XRP's price is approaching a key resistance level at $1.15, which it has failed to break twice since July. Technical indicators show XRP is overbought, suggesting a possible pullback. However, strong growth in DeFi activity on the XRP Ledger and sign...
XRP has broken out of a two-week trading range, driven by large holders adding 190 million coins in a single day, signaling strong bullish momentum. The price rose 22.4% over the past week to $1.23, supported by nearly 1.9 million daily transactions ...
Ripple, Clearpool, and Cicada Partners have partnered to create an onchain lending model on the XRP Ledger (XRPL) for institutional investors. The loans will be denominated in Ripple's RLUSD stablecoin and target fintechs, payment firms, and crypto s...
XRP surged nearly 15% to $1.21 following Ripple CEO Brad Garlinghouse's participation in a White House crypto summit hosted by President Donald Trump. The event included key financial regulators and marked the launch of the CFTC’s Innovation Advisory...
Shiba Inu (SHIB) gained about 7% during a broad crypto market rally, trading around $0.0000047 and recovering from recent lows. However, it underperformed major cryptocurrencies such as Ethereum, which surged 18%, and Bitcoin, which also climbed shar...
