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Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty dined with President-elect Trump, igniting speculation about the potential resolution of Ripple's SEC lawsuit over XRP. The meeting is seen as pivotal, with industry experts suggesting it could lead to significant regulatory changes and a boost for the cryptocurrency sector. Garlinghouse praised the Trump administration for fostering U.S. crypto growth, highlighting a shift towards domestic hiring and optimism for future industry developments.
Ripple's RLUSD stablecoin is set to expand its presence on major cryptocurrency exchanges, with new listings expected imminently, according to President Monica Long. Currently holding a market cap of $71.8 million, RLUSD is primarily traded on Bullish, which accounts for over 76% of its volume. The stablecoin's growth is fueled by Ripple's expanding payments business, which doubled last year, and a recent partnership with Chainlink to enhance its utility through accurate price feeds. Additionally, Long hinted at the potential approval of an XRP exchange-traded fund (ETF) soon, with several applications already submitted to the U.S. Securities and Exchange Commission (SEC).
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 RLUSD stablecoin has enhanced its capabilities through a partnership with Chainlink, integrating advanced price feed infrastructure just weeks after its NYDFS-approved launch. With a market cap of $77 million, RLUSD operates on both the XRP Ledger and Ethereum, aiming to bridge traditional and decentralized finance. The collaboration ensures reliable price data for DeFi platforms, with Aave among the first to adopt RLUSD, signaling growing confidence in its infrastructure.
Ripple is entering the DeFi space with its new RLUSD stablecoin, a dollar-pegged asset backed by U.S. dollars and Treasuries. To enhance adoption across decentralized exchanges and protocols, Ripple has partnered with Chainlink for reliable price data, essential for maintaining stability and trust in decentralized markets. RLUSD is available on Ethereum and the XRP Ledger, compatible with smart contracts on both platforms.
Ripple has partnered with Chainlink to enhance the adoption and functionality of its stablecoin, Ripple USD (RLUSD), in decentralized finance (DeFi) applications. This collaboration, announced on January 7, aims to provide reliable pricing data for RLUSD on both Ethereum and the XRP Ledger, facilitating efficient transactions and supporting various DeFi use cases. Backed by the US dollar, RLUSD will leverage Chainlink's secure data through its decentralized nodes.
Ripple has partnered with Chainlink to integrate RLUSD stablecoin pricing data on-chain, enhancing its utility in decentralized finance (DeFi) markets. This collaboration aims to provide reliable and tamper-proof pricing, crucial for building trust and stability in RLUSD as it scales across DeFi platforms.As RLUSD gains traction, Ripple anticipates increased adoption and visibility within decentralized applications, coinciding with an 18% surge in XRP's price, reflecting growing investor confidence in Ripple's ecosystem.
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty met with President-elect Donald Trump at Mar-a-Lago, marking a significant shift in US crypto engagement. Garlinghouse noted a surge in Ripple's US business activity and a strategic pivot towards the domestic market. Meanwhile, Ripple's President Monica Long announced plans to expand the RLUSD stablecoin and expressed optimism about a spot-based XRP ETF approval, reflecting the growing momentum in the crypto sector.
Ripple has partnered with Chainlink to enhance the adoption of its RLUSD stablecoin in decentralized finance, utilizing Chainlink’s oracle network for secure price data on Ethereum and the XRP Ledger. This collaboration aims to position RLUSD as a compliant stablecoin amid regulatory shifts in Europe, with growing transaction activity indicating increasing interest. Ripple's integration of Chainlink is expected to support institutional DeFi applications, ensuring RLUSD is equipped for seamless use in decentralized markets.
Ripple is enhancing the utility of its RLUSD stablecoin in DeFi by integrating Chainlink's Price Feeds, providing secure and reliable pricing data on the Ethereum blockchain. This collaboration aims to accelerate RLUSD's adoption in both institutional and decentralized markets.In market movements, the S&P 500 fell 1.11% amid rising Treasury yields and inflation concerns, while the broader cryptocurrency market dropped 6.05%, with Bitcoin and Ether down 5.67% and 8.17%, respectively. DeepBook (DEEP) emerged as today's top performer, surging 4.2% after partnering with NAVI Protocol to enhance DEEP token utility in the Sui DeFi ecosystem.
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