Altcoins News
By MikeT
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Stablecoins Expected to Surge in Value. Currently, the global stablecoin market is valued at around $250 billion.
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BNY Mellon to Custody RLUSD Reserves. Ripple also revealed that it has partnered with the Bank of New York Mellon (BNY Mellon) to manage…
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RLUSD Surpasses $500 Million in Market Cap. Started in late 2024, Ripple’s RLUSD stablecoin has grown steadily and now boasts a market…
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New Laws May Accelerate Stablecoin Adoption. Henrik Andersson, chief investment officer at Apollo Capital, supported Garlinghouse’s forecast.
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Ripple Moves Toward Full U.S. Compliance. In its ongoing efforts to become a fully regulated financial institution, Ripple has submitted…
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XRP Price Surges Amid Positive Developments. Ripple’s native token XRP has also seen a notable increase in value. This week, it climbed 7% to $2.
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Conclusion. With a strong foundation in compliance and a growing ecosystem, Ripple is well-positioned to…
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Ripple CEO Brad Garlinghouse believes the stablecoin industry is set for explosive growth, potentially reaching a $1–2 trillion market capitalization within just a few years.
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Currently, the global stablecoin market is valued at around $250 billion. However, Garlinghouse explained that “many people think it will reach $1 to $2 trillion in a handful of…
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Garlinghouse noted that although Ripple joined the stablecoin race later than others, the company had long utilized stablecoins in its payment services for institutional clients.
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Ripple also revealed that it has partnered with the Bank of New York Mellon (BNY Mellon) to manage the cash and Treasury reserves backing its RLUSD stablecoin.
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Garlinghouse said that Ripple’s institutional background gives it a competitive edge as the company works to bring traditional financial safeguards into the crypto space.
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Ripple’s stablecoin is aimed at enterprise use, offering a secure and compliant option for cross-border transactions, on-chain payments, and tokenized asset trading.
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Andersson and other analysts pointed to the GENIUS Act in the United States as a potential game-changer.
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Nick Ruck, director at LVRG Research, echoed the sentiment. He said that a crypto-friendly Securities and Exchange Commission (SEC) combined with the GENIUS Act could “rapidly…
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