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Ripple (XRP) is currently one of the most followed cryptocurrencies on the market radar. The token commands a huge investor audience, one that is always keen to know the right trajectory leading them to see the rise of their favorite crypto. This swarm of investors has a solid belief in the token’s vision, a pathway that Ripple believes could help it catapult to new price heights. With XRP in line to deliver new product offerings in the form of ETFs and stablecoins, XRP price prediction and future forecast are much more comprehensive than one may even think of. Also Read: XRP $50.000 Forecast Revives Buzz From Forbes’ Hidden $59,472 Article RLUSD Expands to South Africa Source: Blockhead.co Ripple, in its recent press release, has announced how the firm is ready to offer RLUSD-based services in South Africa. The stablecoin is set to spearhead cheaper cross-border payment services in the region by forging a partnership with Chipper Cash, Valr, and Yellow Card. “In addition to RLUSD bein...

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Ripple (XRP) is one of the leading cryptocurrency tokens to exist today. The token has faced a great deal of resistance to pave a path that seems inspirational for many reasons. XRP is now a part of an emerging crypto ETF narrative, which is set to deliver new price heights and identity to the token. If that was not it, the token’s stablecoin RLUSD is also gaining rapid mainstream momentum now that the US government continues to shift its focus towards the stablecoin domain. What if the US government ends up adopting RLUSD officially as its leading financial option? Will that help XRP to claim and breach ambitious price levels? Let’s find out. Also Read: Microsoft (MSFT) and OpenAI Cut Revenue Sharing: Partnership in Trouble? Ripple’s RLUSD Stablecoin Breaching New Frontiers Source: Watcher Guru Ripple (XRP) is currently gaining rapid momentum in the cryptocurrency domain due to a variety of reasons. Firstly, the token is part of the ETF race, awaiting approvals from the US ...

Ripple (XRP) has been slowly rising up on the radar, acquiring a new identity under Trump’s rule. Now that the token is free from negative scrutiny, XRP is free to carve its own independent path and take on new roles that pave the way for the token to emanate greatness. If Ripple can find multiple significant use cases under Trump’s rule, here’s how high its price may surge if this happens. Also Read: Nike (NKE) Stock Down 69 From ATH%: Buy The Dip? Trump x Ripple: How? Ripple CEO Brad Garlinghouse Meeting with US President Donald Trump Source: Binance Ripple (XRP) is one of the leading tokens of Trump’s ambitious crypto reserve. The token, alongside ADA, BTC, SOL, and ETH, is now recognized as a legitimate token establishing the US crypto reserve. Speculation has recently caught pace about the use cases of XRP under Trump’s rule and whether it’ll be deployed in the administration to serve a cause or purpose. For instance, the Trump administration is ...

Ripple president Monica Long thinks additional crypto exchange-traded fund (ETF) approvals will usher in another big year for digital assets in 2025. Long predicts in a new interview with Bloomberg Crypto that “various crypto spot ETFs” will receive a seal of approval in the US this year. The Ripple president also says payments-focused altcoin XRP is “likely to be the next in line” in terms of ETF approvals. Multiple ETF providers filed Form S-1 registration statements for XRP ETFs with the Securities and Exchange Commission (SEC) last year, including Bitwise Asset Management, 21Shares, Canary Capital and WisdomTree. The SEC greenlit the first spot market Bitcoin (BTC) ETFs last January, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum (ETH) ETFs for trading in July. Long predicts the approvals on those newer XRP filings will accelerate due to President-e...

Montenegrin authorities extradited crypto entrepreneur Do Kwon to the United States on Sunday to face fraud charges related to the $40 billion collapse of the Terra ecosystem in 2022. According to a Reuters report, Kwon, who co-founded Terraform Labs, was arrested in Montenegro last March while attempting to board a flight using a fake Costa Rican passport. He had evaded authorities since the May 2022 crash of his TerraUSD and Luna cryptocurrencies. The extradition followed the Montenegro Constitutional Court’s rejection of Kwon’s final appeal. “It was concluded that the majority of the criteria prescribed by law favor the extradition request from the competent authorities of the United States of America. Consequently, the Minister of Justice issued a decision approving the extradition of Kwon Do Hyung to the United States, while simultaneously rejecting the extradition request from the Republic of Korea.” Kwon faces multiple charges in the US, incl...

If there’s any obvious winner among the top 10 crypto assets following Donald Trump’s secured his resounding election victory, it appears to be bitcoin. The price of the world’s largest crypto asset rallied at key moments on Tuesday, coinciding with developments in electoral predictions.  As the Associated Press, NBC, Fox, and other news sources progressively called battleground states in Trump’s favor, traders watched bitcoin rally to a series of all-time highs. The tether between bitcoin and Trump was evident on real-time charts and displayed for the entire world to see. Bitcoin’s swell also raised the tide across thousands of altcoins with leaderboards like CoinMarketCap turning green almost without exception. Ether, Solana, BNB, XRP, and Dogecoin are all decidedly higher now than 24 hours ago. However, another top 10 digital asset didn’t rally at all — despite securing a massive victory. Tether (USDT), the world’s largest stablecoin, was trading ...

With $95 million in funding, Eco plans to deliver on crypto’s promises of mass adoption and reliable decentralized payments inclusive of existing mainstream platforms.  Eco, the builders behind Ethereum layer-2 wallet Beam, announced its acquisition of the stablecoin -based shopping app Join to bridge the gap between major merchants like Amazon, Shopify, and crypto users.  Beam Wallet from Eco is a self-custody wallet allowing users to make payments on Ethereum L2 networks like Coinbase’s Base and Optimism, with Features like account abstraction that unlock advanced security and recovery pathways. The Eco protocol boasts some of the biggest crypto backers, such as Andreessen Horowitz, Lightspeed, Pantera Capital, and Venture Partners. Integrating Join will enable customers to spend stablecoin s like Tether’s USDT in supported online stores and allow the option to transfer money to recipients around the world instantly. You might also like: Arthur Hayes foresees banking gi...

Arthur Hayes, former CEO of Bitmex and CIO of Maelstrom, predicted that major banks like JPMorgan will overshadow Tether and other stablecoin companies once they are permitted to issue fiat-backed stablecoins. During an episode of Laura Shin’s Unchained podcast, Hayes outlined Tether’s successful business strategy, which involves taking dollars, investing them in treasury bills, and earning profits from the interest rate spread. This model has allowed Tether to achieve significant status in the crypto market, primarily due to the absence of a similar offering from the U.S. banking system. He highlighted that T ether owners generate substantial free cash flow annually, estimating it to be around $4 or $5 billion. However, Hayes emphasized that the current operational model of centralized stablecoins, which relies heavily on banking services for fund custody and clearing, is not sustainable. You might also like: Arthur Hayes dumps Solana for Ether, cites divine...

Paxos has released a transparency report on PayPal’s recently launched PYUSD stablecoin. The report , dated Aug. 31, 2023, reveals that the stablecoin is backed by $45.3 million in assets, primarily held in US Treasury Reverse Repurchase Agreements (REPO) and cash deposits at insured depository institutions. Paxos transparency report The report also shows that there are $44,376,440 in circulation backed by $45,360,147. Even so, this is significantly lower than the total net collateral of the leading stablecoins in the market. Latest data shows that Tether’s USDT has a total net asset of  $81.8 billion, while Circle’s USDC has over $26.14 billion.  You might also like: PayPal introduces web3 payment solutions for businesses Assets backing PYUSD primarily consists of $43.86 million in U.S. Treasury REPO and $1.5 million in cash deposits. The cash deposits are held in insured depository institutions and exceed Federal Deposit Insurance Corporation (FDIC) insurance ...

Huobi will launch a trading pair with PayPal’s stablecoin PYUSD, backed by the US dollar, with a perpetual zero trading fee. Huobi users will be able to trade PYUSD/USDT. The announcement highlights that the exact date of pair launch will depend on market circulation and liquidity factors. You might also like: PayPal ventures into stablecoins with launch of PYUSD One day earlier, Justin Sun invited PayPal to consider TRON as a blockchain for its stablecoin. I cordially invite PayPal to consider issuing PYUSD on #TRON, which is Fast, secure, and cost-effective with 12 billion USD daily transactions. Mutual benefits await in the digital payment landscape. Let's collaborate for a thriving ecosystem! — H.E. Justin Sun 孙宇晨 (@justinsuntron) August 7, 2023 Highlighting TRON’s speed, security, and cost-effectiveness attributes, Sun alluded to the impressive daily transaction volume of 12 billion USD. He emphasized the potential for mutual benefits within the...

Huobi Global Ltd. has announced plans to discontinue ten trading pairs, predominantly those associated with the USDD stablecoin, as part of their ongoing efforts to optimize user trading experiences. Renowned digital currency exchange Huobi Global Ltd. stated that it will discontinue ten specific trading pairs , primarily those connected to the USDD stablecoin . This stablecoin , issued by the TRON DAO Reserve, has significant backing from well-known digital asset entrepreneur Justin Sun. Huobi intends to delist trading pairs involving the ADA token of Cardano, SOL of Solana, APE of ApeCoin, MATIC of Polygon, FIL of Filecoin, and ETC of Ethereum Classic in combination with USDD, starting from June 29th. Additionally, ARPA, GAS, QTUM, and ZKS pairs with bitcoin will also be excluded from the platform. The exchange rationalized these actions as part of its initiative to deliver a superior trading experience to users. .#JustinSun just removed some of his stablecoin liquidity on the ...

KuCoin Ventures and Circle Ventures are among the investors in the Chinese offshore yuan-pegged stablecoin, which is reportedly under investigation in China. The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer. Employees of Trust Reserve — the issuer of the Chinese yuan-pegged stablecoin CNH Coin (CNHC) — have been detained by Chinese police , the local blockchain publication PANews reported on May 31. According to the report, Trust Reserve employees have been out of reach since the afternoon of May 29 due to multiple arrests. Some employees’ family members have reportedly been notified about the detentions. PANews also learned that Trust Reserve’s office in Pudong, Shanghai was empty as of May 31. The door was sealed on May 29, with a notice saying, “Judicial seizure, strictly no vandalism.” Trust Reserve’s office in Pudong, Shanghai. Source: PANews Trust Reserve, formerly known as ...