SWIFT has activated a new blockchain-based interlinking solution allowing 17 pilot banks to transact tokenized deposits on a mutual ledger, aiming for 24/7 payments and improved liquidity. This blockchain layer acts as an orchestration and messaging platform over existing SWIFT infrastructure, not replacing traditional settlement systems. Chainlink facilitates interoperability between SWIFT and various distributed ledgers, while XRP is used optionally through separate partnerships, not as the core settlement asset. This development signals growing institutional adoption of tokenization and interoperable payment rails, enabling multiple crypto networks to compete for real-world financial flows.
XRP's circulating supply increased by 5.5% year-over-year due to escrow releases, causing dilution that fee burns cannot offset, according to 21Shares. Meanwhile, revenue from the XRP Ledger (XRPL) fell sharply by 81.6% to $1.18 million in the first ...
XRP has seen a major rally in South Korea, capturing 32.20% of Upbit's trading volume during a period when the exchange processed about $830 million in just one hour. Upbit's 24-hour turnover reached approximately $3.81 billion, with Bithumb also rep...
Ripple CEO Brad Garlinghouse announced that U.S. cryptocurrency regulation is approaching a decisive moment following recent meetings at the White House and the Commodity Futures Trading Commission (CFTC). These discussions brought together crypto le...
The U.S. is approaching a critical moment in cryptocurrency regulation with a Senate cloture vote on the CLARITY Act scheduled for September 15. This vote will decide whether the Senate advances debate on the bill, which aims to clarify regulatory ov...
Xaman Wallet, a key app for the XRP Ledger ecosystem, has eliminated its 0.09 XRP minimum trading fee to encourage more liquidity and enable smaller trades. While the 0.8% swap and DEX trading fee remains, removing the minimum fee lowers barriers for...
