Ripple President Unveils Plans Around IPO, RLUSD, And Tokenization
In a conversation with CNBC’s Arjun Kharpal, Ripple President Monica Long sketched out the company’s post-litigation agenda, detailing how a prospective US initial public offering (IPO), the US-dollar stablecoin RLUSD, and an aggressive push into real-world-asset tokenization are reshaping Ripple’s roadmap. Ripple IPO: On the Table, But Not Urgent Long, who joined Ripple 12 years […]
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Ripple’s RLUSD stablecoin is a potential game-changer in the rapidly expanding stablecoin market, which is projected to reach trillions of dollars. With SBI Holdings planning to bring RLUSD to Japan, the stablecoin could be integrated alongside XRP, positioning Ripple for a stronger role in global payments. RLUSD To Propel Ripple Into Global Spotlight A recent […]
Ripple and SBI Holdings, together with SBI VC Trade Co., Ltd., have signed a memorandum of understanding that outlines their intention for SBI VC Trade to distribute Ripple USD (RLUSD) in Japan. The agreement positions RLUSD for entry into one of the world’s most tightly regulated digital-asset markets, with availability targeted for the first quarter […]
Ripple has carried out a series of large RLUSD burns in recent weeks to remove millions of the stablecoin from circulation. According to data from the RLUSD burn tracker @RL_Tracker, more than 2.7 million RLUSD were recently destroyed in a single transaction, the biggest burn in many weeks. Ripple Burns Massive Amounts Of RLUSD Crypto burns are not new to the crypto industry, especially when it comes to stablecoins. Interestingly, data from the RLUSD burn tracker, @RL_Tracker, has revealed an uptick in the amount of RLUSD burned in the past two weeks, which is worth noting. Related....
BlackRock’s $2B Institutional Digital Liquidity Fund (BUIDL) fund is seeking expansion into XRP Ledger (XRPL), essentially deepening the relationship between tradfi and blockchain infrastructure. The official announcement named Ripple and tokenization platform Securitize as the driving forces behind the functionality of the coming RLUSD smart contract. Carlos Domingo, CEO and co-founder of Securitize, declared: Partnering with Ripple to integrate RLUSD into our tokenization infrastructure is a major step forward in automating liquidity for tokenized assets —Carlos Domingo, CEO of....
The total supply of Ripple’s regulated stablecoin, Ripple USD (RLUSD), has reached $120 million. Community analyst Maartunn from CryptoQuant revealed the figures in a new analysis, calling it a “huge milestone.” Ripple’s RLUSD Gains Traction On The XRP Ledger “RLUSD Total Supply reached $120m. RLUSD, Ripple’s regulated stablecoin, keeps growing and has now hit a […]