Ripple USD stablecoin set for trading debut tomorrow

December 16, 2024 Coin Telegraph

Ripple’s RLUSD stablecoin is set for its trading debut on Dec. 17 on platforms including Uphold, MoonPay, Archax and CoinMENA, the company said.

Ripple, the blockchain company behind XRP, confirmed that its Ripple USD (RLUSD) stablecoin will begin trading globally tomorrow, Dec. 17.

RLUSD, a new United States dollar-backed stablecoin developed by Ripple, is set for a global exchange debut, the firm announced to Cointelegraph on Monday, Dec. 16.

The announcement came after the New York Department of Financial Services (NYDFS) approved the RLUSD launch, on Dec. 10, greenlighting the stablecoin’s entrance into global financial and cryptocurrency markets.

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

RLUSD stablecoin will increase demand for XRP — Axelar co-founder

December 15, 2024 Coin Telegraph

Bull run

According to data from CoinMarketCap, XRP has a maximum supply of 100 billion tokens, with approximately 57 billion XRP circulating.

XRP (XRP) experienced a historic rally in November 2024 due to political tailwinds and new ecosystem developments. Georgios Vlachos, co-founder of the Axelar open-source interoperability platform, told Cointelegraph that the upcoming RLUSD stablecoin will likely boost demand for XRP in 2025.

Vlachos said that many people, including those in emerging economies, use stablecoins as a method of transaction and a store of value. RLUSD transactions and remittances will mostly settle on the XRP Ledger (XRPL) and the XRP-EVM sidechain, driving demand for XRP. Vlachos told Cointelegraph:

XRP climbed to a seven-year high of approximately $2.90 on Dec. 3, 2024, but pulled back to current price levels after the Relative Strength Index (RSI) hit 95, indicating the asset was overbought. Despite the pullback, several catalysts have sustained investor attention for XRP going into 2025.

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Aurum Equity Partners launches tokenized fund worth $1B

October 23, 2024 Coin Telegraph

Aurum Equity Partners

The tokenized fund will invest in data centers in the United States, the United Arab Emirates, the Kingdom of Saudi Arabia, India, and Europe.

Investment banking firm Aurum Equity Partners has announced the launch of a $1 billion tokenized fund, combining equity and debt assets under the same basket.

According to an Oct. 22 announcement, the new tokenized fund will focus on establishing data centers in the United States, the United Arab Emirates, the Kingdom of Saudi Arabia, India, and Europe.

The fund will rely on Zoniqx’s asset tokenization solutions and the Dynamic Compliant Interoperable Security Token (DyCIST) protocol. It will also leverage the layer-1 blockchain XRP Ledger (XRPL) to explore new opportunities in real-world asset tokenization (RWA). Combined, these tools will convert the firm’s assets into tokenized financial instruments.

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Ripple Launches ‘Bank-Grade’ Crypto Custody Solution

October 11, 2024 Bitcoin.com

bitcoin.com

Ripple has announced updates to Ripple Custody, enhancing its “bank-grade” custody technology. The latest features include a transaction screening service integration, additional hardware security module (HSM) options, and an XRPL integration for tokenizing Real World Assets (RWA). Ripple Custody now supports the tokenization of various assets, enabling businesses to manage cryptocurrencies, fiat currencies, and real-world […]

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Demand for Yen stablecoins is ‘only a matter of time’ — Brad Garlinghouse

September 8, 2024 Coin Telegraph

Brad Garlinghouse

Ripple CEO Brad Garlinghouse says that Japan’s efforts on regulatory clarity has allowed “entrepreneurship and investment to really thrive.”

Ripple CEO Brad Garlinghouse believes that Japan presents a promising market for stablecoins and anticipates strong demand for a Yen stablecoin. However, he refrained from making any promises about a Ripple stablecoin within Japan yet until it launches one in the United States.

“People will want to hold Yen stablecoins and I think that is only a matter of time,” Garlinghouse said in an interview with Bloomberg’s The China Show on Sept. 7.

Garlinghouse explained that while he finds Japan to be a “conservative market in some ways,” he also finds the market to be “really healthy” in other respects. The Ripple head boss went on to explain that, compared to other countries, Japan has “leaned in” on offering regulatory clarity and legislation on both stablecoins and cryptocurrencies.

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Yonsei University Joins Ripple’s UBRI to Advance Blockchain Research in South Korea

September 3, 2024 Bitcoin.com

bitcoin.com

Yonsei University in South Korea has joined Ripple’s University Blockchain Research Initiative (UBRI), becoming the 58th global partner and the 12th in the Asia Pacific region. This partnership aims to drive innovation in blockchain research across various disciplines, including artificial intelligence, finance, information systems, and management. Supported by Ripple’s funding and resources, Yonsei University will […]

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Ripple and DIFC Partner to Drive Blockchain and Crypto Adoption in UAE

August 8, 2024 Bitcoin.com

bitcoin.com

Ripple has unveiled its plan to partner with the Dubai International Financial Centre (DIFC) Innovation Hub to promote blockchain and crypto adoption in the UAE. The collaboration seeks to encourage innovation among early-stage companies and large institutions. Ripple has dedicated one billion XRP to provide financial, technical, and business support to developers on the XRP […]

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

XRP Ledger onchain transactions drop 65.6% in Q2 2024

August 3, 2024 Coin Telegraph

Coin Telegraph

The decline in activity and the rise in transaction costs on the XRP Ledger are a significant shift compared to the previous quarter.

The volume of transactions on the XRP Ledger (XRPL) fell significantly from Q1 to Q2 of 2024 amid the average transaction cost surging, according to Ripple’s Q2 2024 XRP Markets Report.

The XRPL onchain transaction activity declined by 65.6% during Q2 of 2024, with approximately 86.38 million recorded, compared to 251.39 million in Q1 of 2023, the report published on August 2 by the XRP issuer highlighted.

“Activity across most major protocols decreased in Q2. XRPL was no exception with on-chain activities noticeably lower in Q2 as compared to Q1,” Ripple stated.

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

XRP’s Price Surges This Week As Network Witnesses Bubbling Address Activity: Santiment

July 20, 2024 The Daily Hodl

Daily Hodl

The XRP Ledger (XRPL) has witnessed a surge in address activity this week, coinciding with a price pump for the crypto asset. The crypto analytics firm Santiment notes that the XRPL has recently seen a substantial amount of both new addresses created and total addresses interacting on the network, with both metrics hitting their highest […]

The post XRP’s Price Surges This Week As Network Witnesses Bubbling Address Activity: Santiment appeared first on The Daily Hodl.

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

XRPL on-chain transactions jump 108% in Q1 2024

May 19, 2024 Coin Telegraph

Coin Telegraph

The XRP Ledger (XRPL) recorded 251.39 million on-chain transactions during the first quarter of 2024, an increase of approximately 108% compared to the last quarter of 2023.

The XRP Ledger (XRPL) has seen over double the number of transactions during the first quarter of 2024 compared to the previous quarter, alongside the average transaction cost almost slashing in half, according to Ripple’s recent XRP market report.

The XRPL on-chain transaction activity increased by 108% during the first quarter of 2024, with approximately 251.39 million recorded, compared to the total 121.03 million in the last quarter of 2023, as per the report published on May 17.

Additionally, the average cost per transaction fell 45% to approximately 0.000856 USD.

XRPL

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