Ripple joined Singapore’s MAS BLOOM sandbox on March 25 to pilot automated trade finance settlements using RLUSD on the XRP Ledger, alongside participants such as JP Morgan, DBS, Circle, and Coinbase. The pilot uses RLUSD as a settlement asset, not XRP, and 88% of RLUSD’s $1.56 billion supply is on Ethereum, meaning most of the…
Ripple’s stablecoin, RLUSD, just reached a market capitalization of $1.56 billion, up from just $132 million at this time last year. By any measure, the stablecoin has been a resounding success since its launch in December 2024. This is great news for Ripple, the company behind XRP, but it’s a problem for investors in the…
Brad Garlinghouse, CEO of Ripple Labs (in image) Credit: Steve Jennings/Getty Images for TechCrunch. Key control Most RLUSD tokens are circulating in protocols and platforms based on Ethereum. More than 85% of RLUSD holders are in the Book Mayor XRP. Ripple Stablecoin Prospera in XRPL among institutional partners. Stablecoin Rlusd de Ripple (XRP) is distributed…
