Tag:

RLUSD

Ripple Mints More RLUSD. Is Top 5 Close?
GameFi Guides

Ripple Mints More RLUSD. Is Top 5 Close?

by admin


  • $700 million milestone 
  • Top 5 remains out of reach 

Enterprise blockchain company Ripple has minted an additional 10 million tokens, according to the most recent data. 

This is the first minting event that has been recorded so far during September. 

Prior to this, Ripple issued an additional 15 million tokens on Aug. 29. 

Last August, the company minted a total of 60 million tokens, with the vast majority of these tokens being launched on the Ethereum network. At the same time, 20 million RLUSD tokens were burned (permanently removed from circulation) during the same period of time, meaning that there were an additional 40 million RLUSD tokens. 

$700 million milestone 

According to CoinGecko data, the market cap of RLUSD currently stands at $711 million. 

You Might Also Like

It took Ripple a little over a month to add an additional 200 million tokens. As reported by U.Today, the highly regulated stablecoin, which was initially launched in December, managed to surpass $500 million in total assets in late July. 

Top 5 remains out of reach 

As reported by U.Today, Ripple executives have repeatedly stated that they had aimed to reach the top 5 of the biggest stablecoins by the end of the current year. 

However, this target remains far-fetched for the stablecoin despite Ripple’s latest minting spree. 

RLUSD is on track to record PAX Gold (PAXG), which currently has a market cap of $1 billion. 

Ripple’s stablecoin will also have to catch up with PayPal’s PYUSD, which currently boasts a market cap of nearly $1.2 billion. 

After this, RLUSD would have to surpass six more stablecoins in order to break into the top 5, which does not seem feasible in 2025. 



Source link

0 comments
0 FacebookTwitterPinterestEmail
XRP price eyes rebound as RLUSD, CME futures hit key milestones
NFT Gaming

XRP price eyes rebound as RLUSD, CME futures hit key milestones

by admin



XRP price has sunk into a bear market after plunging by 23% from its highest point this year. Still, its strong technicals and fundamentals point to a strong rebound in September. 

Summary

  • XRP price has plunged by 23% from the year-to-date high.
  • Ripple USD stablecoin supply jumped to a record high of $701 million.
  • XRP futures continued gaining momentum, three months after launch.

RLUSD and CME Futures growth

Ripple (XRP) price retreated to $2.8160 as the recent momentum in the crypto market stalled. However, data shows that the ecosystem is doing well, which may help it rebound in September.

CoinMarketCap data shows that Ripple USD (RLUSD) stablecoin is firing on all cylinders. Its assets crossed the $700 million on Saturday and jumped to a record high of $701 million. 

RLUSD’s growth is more impressive when compared to PayPal’s PYUSD, whose supply was $1.1 billion two years after its launch. Its daily transaction volume has also jumped in the past few months, including its usage during the Bullish IPO.

The growing RLUSD numbers is a good thing for XRP price because it boosts the utility of the XRP Ledger. 

More data shows that there is a strong demand for XRP assets in Wall Street. CME XRP futures open interest has rocketed to a record high of $1 billion, the fastest-ever contract to do that as it achieved that in three months. 

CME Group says xrp futures contracts have crossed over $1bil in open interest…

Fastest-ever contract to do so (took just over 3mos).

There’s already $800+mil in futures-based xrp ETFs.

Think people might be underestimating demand for spot xrp ETFs.

— Nate Geraci (@NateGeraci) August 26, 2025

Other XRP-related assets in the US have had strong traction in the United States. For example, the Teucrium 2X Long Daily XRP ETF, whose ticker symbol is XXRP, has added assets in all months since inception. It now has over $352 million in assets under management. 

These numbers mean that American investors will likely welcome the spot XRP ETFs when the Securities and Exchange Commission approves them, possibly in September. 

XRP price technical analysis

XRP price chart | Source: crypto.news

The daily timeframe chart shows that the XRP price has pulled back in the past few weeks. It has dropped from the year-to-date high of $3.6640 to $2.8325. 

XRP has remained above the 100-day Exponential Moving Average, a sign that bulls are in control. The coin has formed the bullish pennant pattern, which is characterized by a vertical line and a symmetrical triangle whose two lines are about to converge. 

Therefore, the token will likely have a strong bullish breakout in the coming weeks, with the next point to watch being at $3.6640, up by 30% from the current level. A move above that level will point to more gains, potentially to $5.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.





Source link

0 comments
0 FacebookTwitterPinterestEmail
Ripple CTO on How XRP, RLUSD Drive Liquidity on AMM: Details
NFT Gaming

Ripple CTO on How XRP, RLUSD Drive Liquidity on AMM: Details

by admin


In recent replies on social media X, Ripple CTO David Schwartz explains AMM liquidity pools in relation to the Ripple USD (RLUSD) stablecoin. This was in response to an X user who had sought clarification as regards the subject matter.

The pool holds half RLUSD and half XRP. The assumption of the pool is that LP token holders want to be long XRP and to profit from XRP volatility.

— David ‘JoelKatz’ Schwartz (@JoelKatz) August 30, 2025

Automated Market Maker (AMM) on XRP Ledger uses liquidity pools instead of traditional order books to facilitate trades. The AMM functionality was enabled with the amendment XLS-30D in March 2024.

You Might Also Like

The clawback amendment, which went live in January this year, enabled Ripple’s RLUSD stablecoin to be floated and traded directly on XRP Ledger’s DEX, boosting its liquidity and trading options and increasing decentralized finance (DeFi) activity on the XRPL network.

RLUSD AMM liquidity pool explained

According to Schwartz, the AMM liquidity pool holds a pile of RLUSD and XRP, each of roughly equal value. It also issues tokens that represent claims against the pool for a proportional share of its assets.

You Might Also Like

When the price of XRP goes down, the pool converts RLUSD to XRP to equalize the values; on the other hand, when XRP price goes up, the pool converts XRP to RLUSD for value equalization.

The aim is to always increase the value of the pool constant (the amount of RLUSD times the amount of XRP divided by the number of issued tokens outstanding) and never to allow it to decrease.

According to the Ripple CTO, the idea behind the AMM liquidity pool is that, regardless of whether XRP’s price takes a round trip, the value of each liquidity token would serve to maximize the pool constant.

The value of the liquidity tokens in the pool can also increase as individuals use the pool as a liquidity source to trade XRP for RLUSD and pay a spread. The Ripple CTO stated that while the tokens gain and lose value with changes in XRP’s price, it may be less significant than those experienced by holding only XRP.

In further responses, the Ripple CTO explained that since the liquidity pool holds half RLUSD and half XRP, the assumption is that the token holders want to be long on XRP and profit from its volatility.





Source link

0 comments
0 FacebookTwitterPinterestEmail
Ripple
Crypto Trends

Latest RLUSD Stablecoin Could Propel Ripple To Limelight Amid Trillion-Dollar Predictions

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple’s RLUSD stablecoin is a potential game-changer in the rapidly expanding stablecoin market, which is projected to reach trillions of dollars. With SBI Holdings planning to bring RLUSD to Japan, the stablecoin could be integrated alongside XRP, positioning Ripple for a stronger role in global payments. 

RLUSD To Propel Ripple Into Global Spotlight

A recent report by tech researcher SMQKE on X social media has reignited attention on Ripple’s strategic moves in Japan. With the introduction of RLUSD in the country, the crypto payments company could steer its growth in the stablecoin market, which is projected to expand from a 300 billion valuation to a trillion in the coming years. 

SMQKE stated in his post that Ripple’s On-Demand Liquidity (ODL) service is already operational in Japan, allowing RippleNet customers to leverage XRP for cross-border payments. This development reduces pre-funding requirements and positions XRP as a critical liquidity tool for remittances, particularly in one of the world’s most expensive cross-border payment corridors. 

SMQKE further pointed to the alignment between the firm’s ODL infrastructure and the upcoming introduction of RLUSD. With SBI Holdings confirming plans to bring the stablecoin to Japan in early 2026, RLUSD is poised to complement XRP in powering remittance flows and institutional payments. This dual-layered ecosystem, where XRP drives liquidity and RLUSD ensures stability, could strengthen Ripple’s position in a market expected to multiply. 

The integration holds particular significance for Japan’s payment ecosystem, where remittance flows from the country to the Philippines, mainly driven by the country’s third-largest foreign worker population, reached nearly $1.8 billion in 2020. Japan also carries some of the world’s highest cross-border payment fees. In line with this, the company’s ODL service, in collaboration with SBI Remit, Coins.ph, and SBI VC Trade, directly addresses these inefficiencies. At the same time, the pending rollout of RLUSD in Japan adds another layer of utility. 

Ripple And SBI’s Role In Distributing RLUSD 

Ripple has confirmed its recent advancements in Japan in a press release announcing the upcoming launch of the RLUSD stablecoin within the country. The crypto company disclosed that as stablecoins become an integral part of the global financial infrastructure, the next wave of adoption is set to be driven by practical utility and institutional demand. 

Ripple and SBI Holdings disclosed a new Memorandum of Understanding (MOU) with SBI VC Trade, outlining just how RLUSD will be distributed across Japan. The crypto payments company notes that RLUSD has been positioned as an enterprise-grade stablecoin, fully backed by US dollar deposits, short-term government bonds, and cash equivalents, with independent monthly attestations ensuring transparency. This regulatory and compliance-first design distinguishes the asset from other stablecoins in circulation. 

Notably, SBI VC Trade CEO Tomohiko Kondo described the upcoming launch as a significant step forward in expanding stablecoin options in Japan and accelerating the convergence of finance and digital technology. He further emphasized that the company will continue working closely with Ripple to build a safe and transparent financial infrastructure.

XRP trading at $3.05 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Volatility Shares launches first XRP futures ETF on Nasdaq
NFT Gaming

Ripple’s RLUSD to launch in Japan through SBI partnership by Q1 2026

by admin



Ripple’s RLUSD stablecoin is set to debut in Japan in early 2026 through a distribution partnership with SBI Holdings and its crypto arm, SBI VC Trade.

Summary

  • Ripple’s RLUSD stablecoin will be distributed in Japan via SBI VC Trade under a new agreement.
  • The Japan rollout follows Ripple’s RLUSD gaining regulatory approval in Dubai and comes as Japan prepares to issue its first official stablecoin.

Ripple (XRP) announced today that it will begin distributing its U.S. dollar–backed stablecoin, Ripple USD (RLUSD), in Japan during the first quarter of 2026 in partnership with SBI Holdings, a Japanese financial conglomerate. The rollout will be handled by SBI VC Trade, the licensed crypto exchange unit of SBI, under a newly signed memorandum of understanding between the two firms.

“The introduction of RLUSD will not just expand the option of stablecoins in the Japanese market, but is a major step forward in the reliability and convenience of stablecoins in the Japanese market, and an important step in further accelerating the convergence of finance and digital technology,” said SBI VC Trade CEO Tomohiko Kondo.

“RLUSD is designed to be a true industry standard, providing a reliable and efficient bridge between traditional and decentralized finance. We are confident that this partnership will not only drive stablecoin utility in Japan but also set a new benchmark for the entire market,” said Jack McDonald, Ripple’s Senior Vice President of Stablecoins.

Ripple’s RLUSD: market position and global expansion

Ripple’s RLUSD stablecoin, first launched in December last year, is fully collateralized by U.S. dollar deposits, short-term Treasury securities, and other liquid cash equivalents, with independent monthly attestations. As of August, it holds a market capitalization of $666 million, ranking as the eighth-largest stablecoin by market value, just behind PayPal USD, according to CoinMarketCap’s stablecoin rankings.

The expansion into Japan coincides with the country’s preparations to launch its first officially sanctioned stablecoin. It also follows Ripple securing approval from the Dubai Financial Services Authority in early June, which enabled RLUSD’s integration into the region’s payment platforms.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

Ripple and SBI to Launch RLUSD Stablecoin in Japan by Early 2026

by admin



In brief

  • Japan’s Payment Services Act amendments, effective since 2023, created a licensing regime for issuing and distributing fiat-pegged stablecoins.
  • SBI VC Trade, the first firm licensed as an Electronic Payment Instruments Exchange Service Provider, already handles USDC and will now add RLUSD.
  • Japan has a structured and bank-friendly crypto regime, while its local players place a premium on compliance, Decrypt was told.

Ripple and SBI Holdings are preparing to launch the RLUSD stablecoin in Japan by early next year, as the country’s freshly crafted stablecoin laws open its market to foreign issuers.

The joint move was signed under a memorandum of understanding that will see Ripple’s RLUSD stablecoin distributed in Japan through SBI VC Trade, the group’s licensed crypto exchange, Ripple announced late Thursday evening.

Ripple’s entry would help step up the “reliability and convenience of stablecoins in the Japanese market,” SBI VC Trade CEO Tomohiko Kondo said in a statement.



It comes as Japan’s Payment Services Act amendment took effect in June 2023, establishing a licensing regime for electronic payment instruments. An earlier version of the stablecoin framework was passed by the Japanese parliament in 2022.

The framework has been continuously refined through new amendments set to roll out by 2026, including relaxed reserve requirements and updated licensing tiers, according to a report from Asia Business Law Journal.

Under the new rules set to take effect next year, only licensed entities such as fund transfer service providers or trust banks can issue or distribute fiat-pegged stablecoins, a framework that has opened the door to regulated launches like RLUSD.

SBI VC Trade was the first in Japan to secure an Electronic Payment Instruments Exchange Service Provider license, allowing it to handle foreign-issued stablecoins.

“Japan quietly has a very structured and bank-friendly crypto regime given its continuously revised Payment Services Act,” Rick Maeda, Tokyo-based analyst at Presto Research, told Decrypt.

Ripple “leverages this regulatory moat as well as SBI’s deep retail and institutional reach,” Maeda said.

He pointed to RLUSD’s “institutional branding and reserve transparency,” which could help it against competitors, given how the Japanese market’s regulators, banks, and corporates “place a premium on compliance.”

Earlier in March, NYSE-listed stablecoin issuer Circle received the first approval of a U.S. dollar-pegged stablecoin in Japan for its USDC product. Tether, which issues USDT, a larger competing stablecoin, has not received similar approval.

RLUSD, meanwhile, operates with a smaller market circulation of about $667 million over an average daily trading volume of about $71 million, according to data on CoinGecko.

RLUSD is issued under a New York State trust-company charter, backed fully by cash, short-term Treasuries, and cash equivalents with monthly reserve attestations, according to Ripple.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

0 comments
0 FacebookTwitterPinterestEmail
CoinDesk News Image
Crypto Trends

Ripple, SBI Plan RLUSD Stablecoin Distribution in Japan by 2026

by admin



Ripple and SBI Holdings plan to roll out Ripple USD (RLUSD) in Japan, aiming to tap into the country’s emerging stablecoin market under new regulatory frameworks.

The two companies announced on Friday that they had signed a memorandum of understanding, in which SBI VC Trade’s role is that of distributor. SBI VC Trade, a licensed Electronic Payment Instruments Exchange Service Provider, aims to make RLUSD to go live in Japan during the first quarter of 2026.

RLUSD is Ripple’s first stablecoin initiative, launched in December 2024. The token is fully backed by U.S. dollar deposits, short-term Treasuries and cash equivalents, with monthly attestations from a third-party firm.

Ripple says this structure offers regulatory clarity and institutional-grade compliance — traits it argues will differentiate RLUSD from peers.

SBI executives framed the partnership as a step in strengthening Japan’s digital finance infrastructure. “The introduction of RLUSD will not just expand the option of stablecoins in the Japanese market, but is a major step forward in the reliability and convenience of stablecoins,” said SBI VC Trade CEO Tomohiko Kondo.

Ripple executives echoed the compliance focus. “RLUSD is designed to be a true industry standard, providing a reliable and efficient bridge between traditional and decentralized finance,” said Jack McDonald, Ripple’s senior vice president of stablecoins.

The rollout also highlights the deepening ties between Ripple and SBI, longtime partners in Asia’s blockchain ecosystem. It also comes as Japan approved the first yen-denominated stablecoin for issuance in the country earlier this week.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Ripple to Bring RLUSD to Japan
NFT Gaming

Ripple to Bring RLUSD to Japan

by admin


  • RLUSD’s growth 
  • Japan’s stablecoin market 

Enterprise blockchain company Ripple has announced that it is bringing its highly regulated Ripple USD (RLUSD) stablecoin to the Japanese market in partnership with SBI VC Trade, the cryptocurrency exchange arm of financial giant SBI Holdings, in early 2026. 

SBI VC Trade CEO Tomohiko Kondo has stated that the introduction of RLUSD would be a “major step” toward making stablecoins more convenient and reliable in the Japanese market. 

RLUSD’s growth 

According to data provided by CoinGecko, RLUSD, which was officially launched last December, currently boasts a market cap of $667 million. 

Last week, Ripple minted another 24 million tokens on the Ethereum blockchain. 

You Might Also Like

As reported by U.Today, the token was recently used in the initial public offering (IPO) settlement of crypto exchange Bullish, and it could also be part of Ripple’s credit facility for the Gemini trading platform. 

Japan’s stablecoin market 

Stablecoins have been gaining major traction around the globe, and Japan is not an exception. 

In March, USDC issuer Circle, a major Ripple competitor, announced the launch of the stablecoin in Japan in partnership with SBI VC.

Recently,  the Financial Services Agency (FSA), the country’s first financial regulator, allowed local fintech firm JPYC to issue the first stablecoin pegged to the yen. 

Jack McDonald, Ripple’s vice president of stablecoins, says that he hopes that RLUSD will set a new “benchmark” for the entire market. 



Source link

0 comments
0 FacebookTwitterPinterestEmail
XRP momentum stalls as SEC delays 21Shares XRP ETF decision
NFT Gaming

rally to $5 likely as RLUSD nears $700m milestone

by admin



XRP price remained in a local bear market this week after plunging by 20% from its highest point this year. 

Summary

  • XRP price has crashed by 20% from its highest level this year. 
  • The Ripple USD stablecoin is nearing $700 million market cap.
  • Technical analysis points to more gains, potentially to $5. 

Ripple (XRP) token was trading at $2.90 on August 21, but the ongoing stablecoin growth and bullish technicals indicate an eventual rebound to $5 and beyond. 

Ripple USD is nearing a $700 million milestone 

One potential catalyst for the XRP price is that its stablecoin growth is accelerating. CoinMarketCap data shows that Ripple USD (RLUSD) has attained a market capitalization of over $666 million, much higher than the $527 million it had in the same period last month.

This growth has made it the third-largest stablecoin regulated in the United States, after USD Coin (USDC) and PayPal USD. The momentum will likely surge now that the US has passed the GENIUS Act.

More data shows that individuals and institutions are using RLUSD. According to Artemis, the number of transactions in the last 30 days jumped to 413,000, while the transaction volume rose by 53% to $2.7 billion.

One of these transactions was on the recent Bullish IPO. Unlike other companies going public, Bullish opted to receive its funds using a combination of stablecoins, including RLUSD. Stablecoins are faster and more cost-effective than other options.

There is a likelihood that the RLUSD stablecoin will be used in the upcoming Gemini IPO. Ripple Labs recently extended a $75 million credit line to the company, in a deal that likely involved RLUSD.

XRP price will likely benefit from the ongoing RLUSD stablecoin growth because it will lead to more activity in the XRP Ledger, attracting fees. 

The other potential catalyst for the XRP price is that the SEC will likely approve the ten ETFs that have been filed by companies like Franklin Templeton and Bitwise.

XRP price technical analysis

XRP price chart | Source: crypto.news

The daily timeframe chart shows that the XRP price has moved downward in the past few weeks. It has crashed from a high of $3.6553 on July 18 to the current $2.88.

The ongoing pullback is part of the handle section of the cup-and-handle pattern whose depth is about 52%. Therefore, measuring the same distance from the cup’s upper side points to an eventual surge to above $5. 

The bullish view is supported by the fact that it has remained above the 50-day and 100-day moving averages. 



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close