{
}
Plata, a fintech startup from Mexico, has achieved unicorn status with a $1.5 billion valuation after raising $160 million in a Series A funding round led by Kora. Launched in April 2023, the company now serves one million active credit card users and accounts for 10% of new credit cards issued in Mexico. Founded by former Tinkoff Bank executive Neri Tollardo, Plata has raised a total of $750 million in equity and debt, navigating a challenging funding environment for Latin American startups.
Ripple is pushing for listings of its stablecoin RLUSD on major exchanges like Coinbase and Binance, following its approval from the NYDFS. However, exclusivity agreements with existing stablecoin partners and technical integration challenges pose significant barriers to its expansion. Ripple is actively addressing these issues while targeting additional listings to enhance market demand and stability.
Ripple has launched its enterprise-grade stablecoin, Ripple USD (RLUSD), on Bitstamp, enhancing global liquidity with key trading pairs including RLUSD/EUR and RLUSD/BTC. Pegged to the U.S. dollar and fully backed by cash equivalents, RLUSD aims to facilitate payments, tokenization, and decentralized finance. The stablecoin is also supported on the XRP Ledger and is expected to expand to additional platforms, potentially boosting XRP's liquidity and utility in the market.
Ripple's RLUSD stablecoin is set to be listed on more major exchanges imminently, according to President Monica Long. Launched on December 17, RLUSD is currently available on several platforms, with a market cap of $71.8 million and over 76% of trading volume on Bullish. Ripple has also partnered with Chainlink to enhance RLUSD's utility by integrating price feeds on Ethereum and the XRP Ledger. Long anticipates strong growth for stablecoins this year, driven by increased demand in Ripple's payments business, which has doubled over the past year. Additionally, she hinted that XRP could soon see its own exchange-traded fund (ETF) following recent filings by various companies.
Ripple's stablecoin, RLUSD, is gaining traction with initial support from exchanges like Uphold and Bitstamp, while major platforms like Coinbase and Binance are expected to adopt it imminently, according to Ripple's president, Monica Long. She anticipates significant growth in the crypto market and suggests that an XRP ETF could be approved in 2025, especially with a pro-crypto SEC leadership on the horizon. Long believes stablecoins will play a crucial role in this evolving landscape.
Ripple has integrated Chainlink to provide real-time pricing data for its RLUSD stablecoin, enhancing its utility in decentralized finance (DeFi). This collaboration allows developers to incorporate RLUSD into various applications, ensuring reliable and transparent pricing through Chainlink's decentralized data feeds. With a market cap of $72.3 million, RLUSD aims to leverage Chainlink's infrastructure to access the $867 trillion tokenized asset market while maintaining stability and trust in decentralized markets.
Ripple Labs has partnered with Chainlink to enhance the utility of its RLUSD stablecoin in the DeFi ecosystem by utilizing Chainlink's price feeds for reliable pricing data. This integration aims to improve RLUSD's adoption in decentralized applications, ensuring real-time, high-quality market data while mitigating price inaccuracy risks. Following its launch in December after regulatory approval, RLUSD has achieved a market cap exceeding $72 million and is available on multiple exchanges.
Ripple’s RLUSD stablecoin has processed over 33,000 transactions in six months, capitalizing on the European Union's MiCA regulations amid Tether's decline. Launched in December 2023, RLUSD is pegged to the US dollar and has gained traction across multiple exchanges, positioning itself as a compliant alternative in the evolving crypto landscape.
XRP is poised for significant price gains in 2025, bolstered by key developments such as Elon Musk's support against the SEC, potential regulatory shifts under a Trump administration, and increasing adoption in the Middle East for remittances. Additionally, Ripple's new stablecoin, RLUSD, is expected to enhance liquidity and support XRP's value. The recent bullish reversal in XRP's market indicates a strong upward trajectory with ample room for growth.
Ripple (XRP) is set to launch its RLUSD stablecoin across multiple exchanges, potentially boosting its price past key resistance levels. Meanwhile, Ethereum (ETH) faces challenges from increased staking withdrawals despite rising institutional interest, while Aptos (APT) shows promising growth with a Total Value Locked of $1.29 billion, targeting a price of $19.
BitSong USD
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Plata becomes Mexico's latest unicorn with 160 million funding round
United States Dollar
Moore Strategic Ventures LLC
Fasanara Capital Ltd.
Kavak
Clipper
BitSong USD
MEX
Neri Tollardo
Show more
04:00 12.03.2025
ripple seeks major exchange listings for rlusd stablecoin expansion
United States Dollar
bullish USD
Coinbase Global, Inc.
Ripples USD
BitSong USD
USA
Jack Mcdonald
Show more
01:21 15.01.2025
Ripple launches RLUSD stablecoin on Bitstamp enhancing global trading liquidity
United States Dollar
Euro
BitSong USD
Chainlink USD
Ripple USD USD
USA
Brad Garlinghouse
Monica Long
Show more
03:30 10.01.2025
Ripple's RLUSD stablecoin set for imminent exchange listings and growth
United States Dollar
Keyrock N.V.
BitSong USD
Bitwise Bitcoin ETF
WisdomTree, Inc.
bullish USD
Ripple USD USD
21Shares Polygon ETP
Sologenic USD
Coinbase Global, Inc.
MEX
BRA
AUS
GBR
USA
Monica Long
Show more
13:25 08.01.2025
Ripple's RLUSD stablecoin set for imminent exchange listings and potential XRP ETF
10:40 08.01.2025
Ripple integrates Chainlink to enhance RLUSD stablecoin for DeFi markets
United States Dollar
bullish USD
Ripple USD USD
Chainlink USD
BitSong USD
NYSE U.S. 1000 Technology Secto
ARE
MEX
USA
Jack Mcdonald
Show more
02:41 08.01.2025
Ripple partners with Chainlink to enhance RLUSD utility in DeFi
18:29 07.01.2025
Ripple's RLUSD Stablecoin Surges with Over 33000 Transactions in Six Months
16:39 07.01.2025
ripple stablecoin launch boosts xrp price prospects in 2025
Euro
Japanese Yen
United States Dollar
BitSong USD
bullish USD
USA
David Schwarz
Brad Garlinghouse
Caroline Crenshaw
Reece Merrick
Jack Mcdonald
Mike Lee
Charles Gasparino
Elon Musk
Paul Atkins
Donald Trump
Show more
11:55 05.01.2025
cryptocurrency market update ripple launches stablecoin ethereum faces staking challenges
06:52 17.12.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Retail and Consumer Goods
Stock Market Updates
Supply Chain Management
Government Economic Policies
Fintech Startups
Industry Mergers & Acquisitions
Venture Capital Investments
Private Equity Deals
CEO Changes
AI Applications
Corporate Social Responsibility
AI Innovations
Funding Rounds & Investments
Economic Indicators
Market Analysis and Predictions
Emerging Startups
Countries:
Companies:
Apple Inc.
Grab2Go AS
Google Inc.
OLA ELECTRIC MOBILITY LTD
NVIDIA Corp
Amazon.com, Inc.
Microsoft Corporation
EFG Hermes Egypt
Broadcom Inc.
XIAOMI-W
Tesla, Inc.
LG CNS
Delhivery Limited
Ecom Express Ltd.
Scripbox.COM India Ltd.
SK hynix Inc.
Tesmec S.p.A.
OpenAI ERC USD
FTSE NASDAQ Dubai UAE 20 Index
The Goldman Sachs Group, Inc.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
United Arab Emirates Dirham
South Korean Won
Pakistani Rupee
Egyptian Pound
Saudi Riyal
Brazilian Real
Qatari Riyal
Indonesian Rupiah
Vietnamese Đồng
Hong Kong Dollar
Offshore Chinese Yuan
Canadian Dollar
Malaysian Ringgit
People: