Tag: RLUSD

Ripple (XRP) News Today: December 10th

By Dimitar Dzhondzhorov Ripple and the advancement of its entire ecosystem remain among the top-trending topics in the cryptocurrency space. In the following lines, we will touch upon the latest developments and analyze the performance of its native token. The ETF Craze Nearly a month ago, Canary Capital became the first company to introduce a […]

Ripple, Gemini, and Mastercard Partner to Test RLUSD Settlements on XRP Ledger

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 […]

Ripple Raises $500M at $40B Valuation, but Did the Deal Involve a Sale of Discounted XRP?

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 […]