Global #RLUSD

In the rapidly evolving world of fintech, investment banking firm Houlihan Lokey has pinpointed Ripple, the issuer of the XRP token, as a notable competitor to the established global banking messaging network, SWIFT.

Ripple is making headlines once again as it continues to develop its RLUSD stablecoin, having recently issued two significant batches of this digital asset. According to the “Ripple Stablecoin Tracker” account on X (formerly Twitter), the San Francisco-based company has minted a total of 970 RLUSD, marking the largest issuance since the trial began in August.

This week has been packed with noteworthy updates across the crypto space. From exciting additions to Binance Launchpool and significant legal developments involving Ripple, to the latest on meme coin launchpads and presidential debates, there’s plenty to unpack.

A recent survey by Visa and Castle Island Ventures has unveiled a significant uptick in stablecoin adoption during the first half of 2024. The survey predicts that stablecoin settlement volumes are on track to hit an impressive $5.28 trillion by the end of the year.

Ripple has announced a significant development in the cryptocurrency space with the launch of beta testing for its new stablecoin, Ripple USD (RLUSD). This move marks a crucial milestone for Ripple, as it aims to enhance the XRP Ledger (XRPL) and Ethereum ecosystems by introducing high-quality assets that promise to drive new opportunities, liquidity, and institutional use cases.