Evernorth's chief business officer, Sagar Shah, explained that XRP and RLUSD serve different but complementary roles on the XRP Ledger. XRP acts as a neutral intermediary asset that routes trades and connects liquidity pools without issuer restrictions, while RLUSD is a regulated dollar-backed stablecoin used for stable pricing and fiat settlements. This distinction supports expanding on-chain finance by combining stablecoins like RLUSD with XRP's routing, collateral, and escrow functions. Evernorth's insights come amid growing institutional interest in XRP Ledger infrastructure and tokenized finance applications.
XRP showed a bullish signal with a potential breakout above $2 after forming an inverse head-and-shoulders pattern. Analyst Ali Martinez set initial targets at $1.40 and $1.55, with a daily close above $1.55 possibly pushing XRP to $2.10. However, su...
Moody's has given Ripple's RLUSD stablecoin an A2 long-term and Prime-1 short-term deposit rating, marking it as the first stablecoin to receive an investment-grade rating under Moody's new framework. The rating reflects RLUSD's 103% reserve coverage...
US Treasury Secretary Scott Bessent announced at Ripple's Swell conference that the Treasury will collaborate with the SEC and CFTC to regulate crypto following the Senate's narrow rejection of the Digital Asset Market Clarity Act. The failure of the...
XRP traded at $1.32 as of 3:29 a.m. ET on October 28, marking a 1.99% increase over the previous 24 hours. This price movement indicates a modest upward trend in the digital asset market for XRP. Investors may see this as a positive sign amid ongoing...
Moody’s has assigned an A2 long-term rating and a P-1 short-term rating to Ripple’s USD-denominated stablecoin RLUSD, marking one of the first formal credit ratings for a blockchain-native stablecoin. The A2 rating indicates low long-term credit risk...
