By Jon Nielsen Key highlights: Ripple, Mastercard, Gemini, and WebBank will pilot stablecoin settlement of fiat card transactions using RLUSD on the XRP Ledger RLUSD, Ripple’s dollar-backed stablecoin, is regulated by NYDFS and supported by institutions like BNY Mellon The initiative aims to improve payment speed and transparency while maintaining full regulatory compliance Trade Crypto […]
Tag: RLUSD
By Marco Piccolo Key highlights: Ripple secures $500 million in funding, bringing its valuation to $40 billion Investment round led by major Wall Street firms including Citadel Securities and Fortress Investment Group Funds to bolster Ripple’s institutional services, including stablecoins, prime brokerage, and corporate treasury A report from Unchained suggests the deal could have involved […]
By mrblockchain Key Points: Bitcoin fell below $108,000 to $106,500, while Ethereum tumbled 8% to $3,600. A $128 million exploit targeting Balancer’s V2 vaults across six blockchains severely rattled DeFi sentiment. The U.S. Federal Reserve offered ambiguous guidance on future rate cuts, reinforcing dollar strength and pressuring risk assets. Whale selling intensified, with one early […]