Ripple, a well-known blockchain company, is set to launch its stablecoin, Ripple USD (RLUSD), on December 17. This dollar-backed digital currency aims to enhance the use of stablecoins in global finance, especially with expected regulatory clarity following Donald Trump’s recent election. Initially, RLUSD will be available on platforms like Uphold and Bitso, with plans to ...
The cryptocurrency landscape remains dynamic, marked by significant developments this past week. Microsoft has chosen not to invest in Bitcoin, citing concerns over its volatility, while Ripple gained approval for its stablecoin RLUSD, aiming to compete with established players like Tether. Meanwhile, Matrixport forecasts Bitcoin could reach $160,000 by 2025, driven by institutional interest and ...
Tether’s recent report reveals that there are now 109 million on-chain wallets holding USDT, making it one of the most popular digital assets. This growth positions USDT in close competition with Ethereum, vastly exceeding Bitcoin’s wallet numbers. The report notes that USDT is heavily integrated into centralized platforms, with 86 million accounts receiving on-chain deposits ...
Ripple’s XRP has experienced significant growth, rising 400% over the past month, yet its funding rate remains relatively low compared to past bullish periods. Despite rumors, the launch of Ripple’s RLUSD stablecoin has been delayed for final regulatory approvals. Currently trading around $2.4, XRP faces challenges in reclaiming $2.58, with a recent 11% decline prompting ...
Ripple’s XRP has recently seen a 400% increase in price, trading around $2.4, but it faces challenges as it attempts to break through the $2.58 resistance level and reach a new all-time high of $3.57. Despite the gains, the funding rate for XRP remains stable, indicating the Market isn’t overly bullish. The anticipated launch of ...
XRP has recently become the third-largest cryptocurrency by Market cap, surpassing Tether (USDT). As of December 1, 2024, XRP’s Market cap reached $141.8 billion, boosted by a 30% price surge within 24 hours and a remarkable 364% increase over the past month. This rise is largely due to optimism surrounding Ripple’s legal battle with the ...
Ripple is set to gain approval from the New York Department of Financial Services (NYDFS) to launch its RLUSD stablecoin, marking a significant entry into the U.S. cryptocurrency Market. The anticipated launch is scheduled for December 4. This approval positions Ripple as a key player in New York’s regulated digital finance sector and the wider ...
Tether, the largest stablecoin issuer, recently introduced an open-source wallet development kit (WDK) aimed at helping businesses and developers easily integrate non-custodial wallets into their websites and apps. Launched on November 11, the WDK supports both human users and AI agents, providing full control over digital assets like USDT and Bitcoin. With features designed for ...
Cryptocurrencies took a hit today after news broke that the U.S. is investigating the issuer of Tether, a stablecoin that supports much of the trading in digital assets. This has raised concerns in the market, causing prices to dip across various cryptocurrencies. Traders are now watching closely as the situation develops.
In the ever-evolving landscape of digital currencies, a surprising trend has emerged: bots are now behind a staggering 90% of stablecoin transactions. This significant shift highlights the increasing reliance on automation in the world of cryptocurrency. As stablecoins continue to bridge the gap between traditional finance and digital assets, the role of bots in managing ...
