Ripple Launches RLUSD Stablecoin and Partners with ETFs
- Ripple launches RLUSD stablecoin to enhance XRP liquidity.
- Partnership with Franklin Templeton and DBS Bank announced.
- Stablecoin aims to drive enterprise adoption and use.
Ripple has launched the RLUSD stablecoin and partnered with Franklin Templeton and DBS Bank to advance XRP-related ETFs, focusing on enhancing on-chain liquidity and use cases for XRP.
The initiative is set to increase XRP transaction volumes, reflecting broader trends of institutional interest in crypto-backed financial products.
Ripple has introduced its RLUSD stablecoin as part of an initiative to amplify XRP volume. Collaborations with financial giants Franklin Templeton and DBS Bank are underway to integrate the stablecoin into tokenized money market funds.
The strategic move, driven by Ripple’s executive team, involves deploying RLUSD for money market fund tokenization. Institutional partners, including Franklin Templeton and DBS Bank, play a crucial role in operationalizing these integrations.
Immediate market effects forecast an increase in on-chain liquidity for XRP. The launch aligns with Ripple’s efforts to expand enterprise use cases and bolster financial infrastructure surrounding its core offerings.
With financial backing from DBS Bank and Franklin Templeton, the introduction of RLUSD is expected to impact various assets and open new trading avenues. Ripple’s move aims to strengthen its competitive edge in blockchain-driven financial services.
Historically, stablecoin launches by large institutions, like USDC by Circle, have proven to boost liquidity and transaction volumes across networks. Ripple anticipates RLUSD will have similar effects, potentially impacting other related assets in its ecosystem.
“This smart contract adds an additional stablecoin off ramp for BUIDL and VBILL tokenized short term treasury funds,” Ripple President, Ripple.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nasdaq’s Move Toward Tokens Challenges the SEC’s Regulatory Stance
- Nasdaq submitted a proposal to tokenize stocks via digital tokens, aiming to streamline settlement and expand market access while navigating SEC regulatory scrutiny. - The World Federation of Exchanges warned tokenized equities could bypass safeguards, urging the SEC to enforce parity with traditional trading rules to protect market integrity. - Industry reactions are split: proponents highlight democratization and liquidity gains, while critics caution layer-2 tokenization risks diverting value from cor
Vitalik Buterin Supports ZKSync: Evaluating the Long-Term Investment Potential and Future Prospects of Ethereum Layer 2 Solutions
- Vitalik Buterin's endorsement of ZKSync's Atlas upgrade validates its 15,000 TPS scalability, signaling a shift in Ethereum's scaling priorities. - ZKSync's ZK Stack framework enhances cross-chain efficiency, attracting $15B in 2025 and a 50% ZK token surge post-endorsement. - ZKSync competes with Arbitrum ($16.63B TVL) and Optimism ($6B TVL) via cost efficiency and EVM compatibility, aiming to capture institutional capital. - Ethereum's post-Merge roadmap, including Proto-Danksharding, aligns with ZKSyn
Nasdaq's initiative to introduce tokenized stocks encounters regulatory resistance from the WFE
- Nasdaq submitted a tokenized stock proposal to the SEC, seeking regulatory approval while collaborating with agencies to ensure compliance. - The WFE warned that tokenized assets could weaken investor protections and create regulatory imbalances by bypassing traditional market rules. - Nasdaq partnered with Revolut to strengthen regtech capabilities, emphasizing innovation balanced with compliance frameworks during SEC review. - The SEC's "Innovation Exemption" framework aims to accelerate blockchain ado
The Xerox Campus located in Webster, NY: An Example of How Infrastructure Enhances Real Estate Value
- Webster , NY transformed the Xerox brownfield into a high-value industrial hub via infrastructure grants and public-private partnerships. - $9.8M FAST NY funding enabled shovel-ready upgrades, attracting advanced manufacturing and logistics firms to the 300-acre site. - Strategic anchors like the $650M fairlife dairy facility and NY Forward programs validate the model, boosting property values by 10.1% annually. - The success demonstrates how infrastructure-led redevelopment in post-industrial markets ca
Trending news
MoreCrypto prices
More
