Ripple's Stablecoin Launch Coincides with XRP Surge to Seven-Year High
Ripple receives NYDFS approval to launch RLUSD stablecoin backed by USD and Treasury bills, as XRP hits $2.90 and becomes fourth-largest cryptocurrency. The milestone comes amid market optimism following Trump's election victory and growing institutional interest through ETF filings.
XRP Whales Drive $4 Billion Profit-Taking Spree Amid Price Surge
Ripple's XRP token experiences massive profit-taking exceeding $4 billion following a 418% price surge and unprecedented whale accumulation. The surge in institutional interest, coupled with speculation around regulatory approvals, has driven active wallets to record highs while raising sustainability concerns.
Ripple Prepares Historic Stablecoin Launch Under New York Regulation
Ripple is set to launch its RLUSD stablecoin on December 4, pending NYDFS approval, marking its entry into the $190 billion stablecoin market. The launch leverages Ripple's acquisition of Standard Custody & Trust Company and includes partnerships with major players like Bitstamp and MoonPay.
XRP Surges 433% to Become Third-Largest Cryptocurrency Amid Regulatory Optimism
XRP's market cap reaches a seven-year high of $155.9 billion, fueled by potential RLUSD stablecoin approval and political developments. The cryptocurrency's dramatic rise from $0.51 to $2.72 positions it behind only Bitcoin and Ethereum in market dominance.