XRP Ledger | Crypto

Circle's USDC has a market capitalization of over $61 billion, making it the second-largest stablecoin, second to Tether's USDt. Circle's USDC stablecoin (USDC) launched on the XRP Ledger (XRPL) on Thursday, bringing the overcollateralized dollar-pegged token to users of the layer-1 blockchain network. According to an announcement from Ripple, the launch of USDC on the platform will enable investors to use XRP as a bridge currency to transfer their stablecoins between decentralized exchanges (DEXs) through an auto-bridging feature. Markus Infanger, the senior vice president of RippleX added: Support for USDC on the XRPL comes amid a concerted push to establish comprehensive stablecoin regulations in the United States, as the sector swells to over $237 billion in market capitalization with geo-strategic and macroeconomic implications. Read more

Institutional interest in the XRP Ledger (XRPL) continues to grow, as does the number of scams exploiting the ecosystem. On June 4, Panos Mekras, co-founder of Anodos Finance, a leading DeFi platform built on XRPL, raised concerns over the proliferation of fraudulent projects piggybacking on the blockchain network’s growing visibility. In the X post, Mekras […] The post XRP Ledger battles influx of scam crypto projects as Ripple eyes global financial role appeared first on CryptoSlate.

The XRP price has risen by 1.5% today, yet could a new real-world asset platform on XRP Ledger send it flying soon? The post XRP Price Prediction: $16B Real Estate Project Goes Live on XRP Ledger – $500 XRP Coming Soon? appeared first on Cryptonews.

The Dubai Land Department (DLD) has selected XRP Ledger (XRPL) to power its landmark real estate tokenization initiative. The announcement, made on May 25, introduces several new partners to the project, including the Dubai Future Foundation, real estate investment platform Prypco, and blockchain infrastructure firm Ctrl Alt. Ctrl Alt will oversee the tokenization framework, ensuring […] The post Dubai chooses XRP Ledger to power new real estate tokenization initative appeared first on CryptoSlate.

The XRP Ledger (XRPL) added three stablecoins, EURØP, USDB, and XSGD, to its ecosystem this week. According to the announcements, each of the tokens is backed by fiat currencies and will reinforce XRPL’s role in the fast-evolving global stablecoin market. Notably, XRPL is fast becoming a top choice for stablecoin issuers and institutional players due […] The post XRP Ledger sharpens competitive edge with fresh stablecoin additions of EURØP, USDB, and XSGD appeared first on CryptoSlate.

StraitsX has launched its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger to meet the rising demand for regulated multi-chain stablecoins in cross-border payments.