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.
Trader Peter Brandt highlights a possible cup-and-handle pattern forming on XRP's chart, suggesting a bullish continuation if XRP breaks above $1.6572. After recovering from lows near $1.00 in August to around $1.52, XRP has consolidated near $1.50, ...
The XRPL stablecoin market grew by 14.6% in one week, reaching about $1.33 billion as of October 3, driven mainly by Ripple's RLUSD stablecoin, which accounts for roughly 93% of the total value on the XRPL. RLUSD's circulation has surpassed $2.4 bill...
XRP is approaching a critical resistance level at $1.53, with analyst Ali Martinez noting that a four-hour close above this price could confirm a move toward $1.62, representing about 7% upside. Despite previous attempts to break above $1.50, XRP has...
Ripple announced plans to activate credit-related pilots by 2027 that use XRP tokens as collateral in lending-protocol liquidity pools to finance customer payments. This approach differs from XRP's usual role as a fast bridge asset, as collateralized...
Bitcoin fell below $85,500 on Monday after briefly reaching $87,000, then stabilized around $86,000. Cardano's ADA surged nearly 11% within 24 hours, hitting $0.27. Other cryptocurrencies like Ether, XRP, NEAR, Dogecoin, and FET also saw gains, contr...
