Ripple has identified Africa as the next major growth market for its US dollar-backed RLUSD stablecoin. On Sept. 4, Ripple announced that …
RLUSD
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Adoption
Ripple’s RLUSD gains institutional traction in Bullish IPO settlement
by shayaanby shayaanCrypto exchange Bullish disclosed on Aug. 19 that part of its $1.15 billion IPO proceeds was received in a mix of stablecoins, …
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MetaComp Pte Ltd, a licensed Singapore-based provider of stablecoin-powered payment infrastructure, announced it will distribute RLUSD, a stablecoin issued by Standard Custody …
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Ripple’s stablecoin RLUSD grew 32.3% in supply between June and July, surpassing $600 million. This was the second most significant growth in …
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Adoption
Ripple expands RLUSD globally as US Fedwire shift and EU MiCA compliance align
by shayaanby shayaanRipple is executing a sophisticated, multi-front global strategy yielding significant results and positioning the company for major infrastructure and market-share gains. Two …
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Adoption
Ripple appoints BNY Mellon as custodian for RLUSD reserves as supply tops $500M
by shayaanby shayaanAccording to a July 9 announcement, Ripple has appointed BNY Mellon as the official reserve custodian for its enterprise-focused stablecoin, Ripple USD (RLUSD). According …
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Regulation
Ripple seeks a national bank charter approval to place RLUSD under state and federal oversight
by shayaanby shayaanRipple applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) on July 2, CEO Brad …
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Ripple’s stablecoin RLUSD expanded its circulating supply by 29% in the week ended June 8, adding $72.5 million and closing at $320.6 …
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Ripple has pledged $25 million in its RLUSD stablecoin to support US education through nonprofit organizations DonorsChoose and Teach For America. The …
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Analysis
XRP futures debut on Coinbase as Ripple’s RLUSD stablecoin integrates into Aave
by shayaanby shayaanRipple’s ecosystem is seeing notable momentum, with XRP and its RLUSD stablecoin making major advances in the crypto market. Coinbase lists XRP …