Ripple's stablecoin RLUSD saw a $14.4 million mint on the XRP Ledger, part of $39.4 million in mint-and-burn transactions across XRP Ledger and Ethereum. RLUSD's market cap rose to about $2.4 billion, with Ethereum holding a larger share of the supply. Ripple emphasizes RLUSD's regulatory backing and institutional use, with tokens backed 1:1 by cash and equivalents. These treasury moves reflect liquidity management rather than direct new demand, as minting and burning often balance out quickly.
RippleX's Head of Product, Jazzi Cooper, highlighted XRP as a promising collateral asset for institutional credit using the XRP Ledger's lending architecture (XLS-65 and XLS-66). This approach would allow institutions to borrow stablecoins like RLUSD...
Ripple has partnered with SettleMint to offer banks a unified platform combining custody, issuance, compliance, settlement, and servicing for tokenized assets. This integration aims to reduce the complexity banks face by replacing multiple vendors wi...
XRP remains stuck in a narrow trading range between $1.35 and $1.37, unable to break the key $1.40 resistance level. The launch of Roundhill’s XRP Covered Call ETF and Teucrium’s 2x Short Daily XRP ETF has been postponed to October 11, 2026, reflecti...
Ripple's stablecoin RLUSD has expanded its total supply by over 50% to $2.4 billion and increased daily transaction volumes from $200 million to $750 million since January. The company targets corporate treasurers managing $13 trillion in annual tran...
XRP exchange-traded funds (ETFs) attracted a net inflow of $18.98 million this week, continuing a positive trend that reflects increasing institutional demand. September's inflows have already surpassed $14.86 million as of early September, following...
