Ripple's RLUSD stablecoin has surpassed a $2 billion market capitalization, rapidly approaching PayPal USD's $2.87 billion. Launched in December 2024, RLUSD is one of the fastest-growing regulated stablecoins, with significant minting activity boosting its supply to nearly $1 billion on the XRP Ledger. This growth positions RLUSD as a strong competitor among top stablecoins, challenging PayPal USD's market position. Major stablecoins like Tether's USDT and Circle's USDC still lead the market with much larger caps.
Cryptocurrency markets experienced notable gains with Bitcoin rising 6.4% to $77,338 and Ethereum up 4.2% to $2,427. Several altcoins showed significant increases, including BCH up 28.3%, ZEC up 21.2%, and PEPE surging 22.4%. These movements indicate...
Pi Network's price rose about 4% to $0.0939, approaching the key $0.10 level amid a broad cryptocurrency market rally. The wider crypto market surged over 6%, with Bitcoin hitting a 14-week high of $79,500. Pi Network's recent boost follows the launc...
Ripple has supported the XRP Ledger's PermissionDelegationV1_1 amendment, part of the XRPL v3.3.0 upgrade, allowing accounts to delegate transaction permissions securely. This feature aims to attract regulated institutions and enterprise applications...
Ripple's RLUSD stablecoin saw a $17.5 million increase in deposits on the Morpho Blue lending platform over the last 30 days, reaching about $280 million in total deposits—a 40% rise from the previous month. Morpho Blue's unique lending model isolate...
XRP has surged to $1.40, a level last seen in February, driven by a 38.9% gain over the past week. This rally is supported by a sharp increase in Binance open interest to $263 million and significant whale accumulation of 190 million XRP in one day. ...
