SoFi Bank has launched SoFiUSD, its own stablecoin, to settle over $25 billion annually through Mastercard's global payments network, moving from pilot to live production. This bank-issued stablecoin is redeemable 1:1 for U.S. dollars and backed by cash reserves, allowing merchants to settle payments without holding stablecoins or new blockchain setups. The move poses a competitive challenge to Ripple's RLUSD, which is also used for institutional payments and settlement, as more banks might issue their own stablecoins. This could lead to a fragmented stablecoin market requiring interoperability, potentially benefiting Ripple's broader institutional finance strategy beyond just stablecoins.
Ripple's XRP is trading at Rp26,576 with a 3.69% decline over the past day as of Sep 28, 2026 15:01 WIB on Pluang. Despite the news of SoFi launching its own stablecoin, XRP maintains a strong market cap of Rp1.673,64 trillion. The platform shows a buying interest with 74% of orders favoring XRP, reflecting ongoing investor engagement.
The XRP Seoul 2026 conference will feature key representatives from major Korean banks like Woori Bank, Kakao Bank, Kyobo Securities, and Kbank alongside Ripple executives. The event focuses on institutional adoption of blockchain technologies includ...
The XRP Ledger released an emergency update (version 3.4.1) to fix security-sensitive issues before the planned Batch upgrade on October 9. Validators are urged to upgrade immediately to avoid being blocked from network synchronization. The update in...
XRP traded in a narrow range around $1.53 on September 27, maintaining stability between $1.51 and $1.55. Technical analysts highlight $1.66 as a critical resistance level, with a potential breakout targeting $1.80 to $2. Large holder outflows from e...
XRP spot exchange-traded funds (ETFs) saw net inflows of $75.59 million during the week of September 21-25, boosting their cumulative inflows to $1.79 billion. Bitwise ETF XRP led with nearly $59 million in weekly inflows, reaching a total of $677 mi...
A total of 577,815,416 XRP tokens, valued at about $900 million, were transferred from Uphold to an unidentified wallet in seven transactions while XRP traded near $1.53. This movement coincided with a decline in exchange-side supply and a $6.76 mill...
