Tether’s withdrawal of USDT, the world’s most actively traded stablecoin, from the European market in response to MiCA regulations has created a humongous $150 billion liquidity gap. This sudden withdrawal has presented an opportunity for Ripple’s RLUSD to take dominance. The EU’s MiCA regulation that came into force in December
In a significant expansion of its digital asset offerings, cryptocurrency exchange Gemini has officially listed Ripple’s RLUSD stablecoin for trading. The platform announced that users can now deposit, withdraw, and trade the dollar-backed token on the platform. This marks it as the 15th exchange to support this emerging stablecoin. Strategic
Ripple’s RLUSD stablecoin has officially debuted on Singapore’s first licensed crypto exchange, Independent Reserve (IR). The stablecoin became available on December 22, 2024, for trading against the Singapore dollar (SGD) and the US dollar (USD). This launch highlights Singapore’s growing role as a hub for crypto innovation and regulation. Independent
Ripple’s XRP has surpassed Tether (USDT) to become the third-largest cryptocurrency by market capitalization. XRP’s recent series of surges has made waves in the crypto ecosystem. The legal battle of Ripple with the U.S. Securities and Exchange Commission (SEC), which accused the company of selling unregistered securities, had a favourable
As opposed to a weekend slumber, this mid-December the crypto market rallied significantly. It began with Bitcoin hitting a new ATH that in turn instigated several activities across the sector. Meanwhile, the regulatory sector has also spurred actions with a recent WazirX update. The Ripple stablecoin is also awaiting market
XRP surged 10.65% in the past 24 hours, hitting a high of $2.41, and is currently trading at $2.34. The token’s market cap reached $133.5 billion, with an 8.45% increase, while its 24-hour trading volume stood at $24.33 billion, up 11.21%. Ripple’s circulating supply remains 57.11 billion XRP, close to
Ripple Labs has secured final approval from the New York State Department of Financial Services (NYDFS) for its RLUSD stablecoin. Ripple CEO Brad Garlinghouse announced the news on December 10, confirming that exchange and partner listings will follow shortly. This just in…we have final approval from @NYDFS for $RLUSD! Exchange
