By Marco Piccolo Key highlights: Ripple’s stablecoin RLUSD has crossed a $500 million market capitalization milestone. The Bank of New York Mellon (BNY Mellon) has been selected as RLUSD’s primary custodian. RLUSD aims to compete with leading enterprise stablecoins by targeting institutional use cases. Trade Crypto on Kraken Ripple’s US dollar-backed stablecoin, RLUSD, has surpassed […]
Tag: RLUSD
By Emir Abyazov The Dubai Financial Services Authority (DFSA) has approved the first tokenized QCD Money Market Fund (QCDT), a joint project between Qatar National Bank (QNB) and DMZ Finance within the Dubai International Financial Centre. Official announcement. Source: dmz.finance Focusing on project roles, DMZ Finance will initiate the project and provide specialized technology infrastructure […]
By Marco Piccolo Key highlights: Ripple has filed for a national bank charter and applied for a Federal Reserve master account to bolster its stablecoin ambitions. The firm partnered with OpenPayd to expand RLUSD stablecoin usage and supported Mercado Bitcoin’s $200M RWA tokenization on the XRP Ledger. XRP reached a 30-day high of $2.34, with […]