RLUSD Receives Approval from NYDFS According to Fox Business Report, Ripple Labs, a company known for its cross-border payment solutions. Is getting ready to launch its stablecoin, RLUSD, after receiving approval from the New York Department of Financial Services (NYDFS). The stablecoin pegged 1:1 to the US dollar, is expected
On the last day of the November bull run, Ripple’s native cryptocurrency, XRP, showed incredible performance by reaching a level not seen since April 14th, 2021 ($1.96). Over the past 24 hours, XRP’s price has jumped by more than 19%, reaching an intraday high of $1.94, up from a low
After an extraordinary monthly performance that saw XRP surge by 181.38%, the cryptocurrency has entered a critical consolidation phase that could determine its next significant move. The recent rally, which pushed prices to $1.63, has now given way to a more measured market environment that demands careful technical analysis to
The cryptocurrency XRP has entered a period of increased selling pressure following its climb to $1.63, a peak not seen in three years. The subsequent 13% decline to $1.41 coincides with a significant surge in profit-taking activity, suggesting a potential shift in market dynamics that could lead to further price
Jed McCaleb, founder of the Stellar Development Foundation (SDF) and former Ripple CTO, has clarified Stellar with Ripple. Since there are comparisons between the two networks, McCaleb stressed the fundamental differences, including unique codebases, consensus mechanisms, and features. His remarks came in response to comments made by Cardano founder Charles
Ripple and Archax have achieved a significant milestone in financial innovation by launching the UK’s first tokenized money market fund on the XRP Ledger (XRPL). The initiative involves tokenizing a portion of abrdn’s $3.8 billion US Dollar Liquidity Fund (Lux), marking a crucial step toward blockchain integration in traditional finance.
Asset management firm WisdomTree, based in New York, has filed a registration for XRP ETF with the state of Delaware. This first step indicates that the company is just days away from submitting the product’s formal application to the SEC in the United States. Eleanor Terrett, a business journalist for
Today, Ripple, the leading digital asset infrastructure provider, has teamed up with Archax, the first UK-based FCA-regulated digital marketplace, and asset manager ABRDN PLC to launch the first-ever tokenized money market fund on the XRP Ledger. Today, in partnership with @ArchaxEx and @abrdn_plc, we’re excited to announce the first tokenized
Ripple’s native token, XRP, has witnessed a significant boost in whale activity over the weekend. Over 50 million XRP were purchased by whales, fueling the ongoing bullish momentum. Notable transactions included a 20 million transfer ($27.24 million) from an unknown wallet to Bybit and another 20 million XRP transfer ($28.98
With Traders predicting a 250% increase, ripple (XRP) has been at the front of investor attention as a profitable prospect for anyone wishing to profit on the upward trend of the market. Beyond XRP, though, three cryptocurrencies under $0.50—Rexas Finance (RXS), Shiba Inu (SHIB), and Floki Inu (FLOKI)—are generating waves
