Latin America is experiencing a breakthrough year in cryptocurrency adoption, with usage skyrocketing by 116% in 2024. According to digital asset platform Bitso, the region now boasts over 57 million crypto users as regulatory improvements and market maturity drive unprecedented growth.
about Latin America Crypto Adoption Surges 116% in 2024Bitso
0 in Finance and 0 in Crypto last weekRipple Acquires Palisade as RLUSD Hits $1B, XRP Tumbles
Ripple’s strategic expansion continues with the acquisition of crypto custody provider Palisade, while its stablecoin RLUSD achieves a significant $1 billion market cap milestone. However, these corporate developments contrast sharply with XRP’s market performance, which has tumbled 14% in the past week to approximately $2.25, creating a complex narrative for investors navigating the cryptocurrency landscape.
about Ripple Acquires Palisade as RLUSD Hits $1B, XRP TumblesXRP ETFs, RLUSD Growth & Price Outlook Analysis
The cryptocurrency market is closely watching three key developments surrounding Ripple’s ecosystem. Potential approval of additional spot XRP ETFs, the expanding adoption of Ripple’s stablecoin RLUSD, and XRP’s volatile price movements are creating significant market interest as regulatory decisions and market dynamics converge to shape the digital asset’s future trajectory.
about XRP ETFs, RLUSD Growth & Price Outlook AnalysisZachXBT Traces $140M Brazilian Bank Hack, Slams Circle
ZachXBT revealed his involvement in investigating a cyberattack targeting Brazilian banks, where a breach at C&M, a Central Bank of Brazil services provider, exposed reserve accounts. Attackers moved stolen fiat into crypto, with ZachXBT manually tracing the theft by analyzing exchange volume spikes and wallet outflows. While $140 million was reportedly stolen, only $40 million entered crypto markets, with $5 million frozen across platforms like Tether, Binance, and Chainalysis. ZachXBT criticized Circle for its lack of industry collaboration, calling its leadership indifferent. A developer alleged an insider sold access credentials for $3,000, enabling the breach. ZachXBT warned losses could rise as more funds are traced.
about ZachXBT Traces $140M Brazilian Bank Hack, Slams CircleStablecoins Revolutionize $685B Remittance Market
In 2024, migrants sent $685 billion in remittances, a lifeline for families in low- and middle-income countries where these flows often exceed 3% of GDP. Traditional methods remain slow and expensive, with fees consuming 6% or more of transfers. Ripple’s enterprise-grade stablecoin RLUSD – fully backed by USD reserves and operating under NYDFS oversight – enables direct wallet-to-wallet transfers, bypassing banks. Case studies like Bitso (using USDC for U.S.-Latin America transfers) and Visa’s partnership with Yellow Card demonstrate stablecoins’ real-world impact, processing $27.6 trillion in 2024 – surpassing Visa and Mastercard combined. While regulatory frameworks like the pending GENIUS Act aim to standardize oversight, challenges like local currency on/off-ramps remain key adoption barriers.
about Stablecoins Revolutionize $685B Remittance MarketRipple’s RLUSD Stablecoin Approved by Dubai Financial Authority
Ripple’s stablecoin, RLUSD, has been officially recognized by the Dubai Financial Services Authority (DFSA) as a compliant crypto token within the Dubai International Financial Centre (DIFC). This approval enables DFSA-licensed firms in the DIFC to use RLUSD, reinforcing its credibility as an enterprise-grade stablecoin. Ripple’s Senior VP of Stablecoins, Jack McDonald, highlighted the coin’s regulatory-first design and utility for cross-border payments. The DIFC, a tax-friendly financial hub, has been a strategic partner for Ripple, which received in-principle approval last year. Despite its regulatory wins, RLUSD remains a minor player in the stablecoin market, with a $310M market cap. Ripple had reportedly sought to acquire Circle (issuer of USDC) to expand its stablecoin presence, but Circle denied the rumors, opting instead for a future IPO.
about Ripple's RLUSD Stablecoin Approved by Dubai Financial AuthorityRipple’s RLUSD Gains Exchange Listings Amid Cardano Integration Talks
Ripple’s stablecoin, RLUSD, has been listed on Bitget, enabling trading pairs with USDT and USDC, while Euler Labs also supports it for DeFi activities. Despite these developments, RLUSD’s market cap of $300 million is dwarfed by USDT ($153B) and USDC ($61.2B). Meanwhile, Cardano founder Charles Hoskinson has expressed interest in integrating RLUSD into its ecosystem, citing goodwill toward the XRP community. However, no official partnership has been confirmed. Ripple’s rumored interest in acquiring Circle, the issuer of USDC, was denied by the company, which is planning an IPO instead.
about Ripple's RLUSD Gains Exchange Listings Amid Cardano Integration TalksRipple’s RLUSD Hits $244.2M Market Cap in Q1 2025
Ripple’s RLUSD stablecoin closed Q1 2025 with a $244.2 million market cap across XRP Ledger (XRPL) and Ethereum, becoming the largest stablecoin on XRPL with $44.2 million. While this marks a milestone, RLUSD still trails behind dominant stablecoins like Tether (USDT) and USD Coin (USDC). The recent AMM Clawback amendment now allows compliant tokens like RLUSD to trade on XRPL’s automated market maker, potentially boosting liquidity and enabling new use cases such as real-world asset trading and cross-chain arbitrage. RLUSD, launched in December 2024, is backed by USD reserves and has seen growing adoption, including integration with Ripple Payments and listings on major exchanges like Kraken and Bitstamp.
about Ripple's RLUSD Hits $244.2M Market Cap in Q1 2025Ripple’s XRP: Legal Wins, ETF Hopes & Price Surge
Ripple’s legal battle with the SEC may be nearing resolution, with a proposed $50 million settlement—a significant reduction from the initial $125 million fine. Meanwhile, the crypto community eagerly awaits SEC decisions on spot XRP ETFs, with Grayscale’s proposal deadline set for July 2. Ripple’s stablecoin, RLUSD, continues gaining traction, though it remains dwarfed by USDT and USDC. XRP’s price recently hit a two-month high, with analysts predicting further gains, citing technical patterns and on-chain data. The asset’s momentum reflects growing investor confidence amid regulatory clarity and product expansion.
about Ripple's XRP: Legal Wins, ETF Hopes & Price SurgeArbitrum Hits $300B in Uniswap Volume, Leads Layer 2 Growth
Arbitrum has achieved a historic milestone by surpassing $300 billion in trading volume on Uniswap, becoming the first Layer 2 network to do so. The network’s activity surged by over 40% in early 2025, outperforming rivals like Solana and Base. A key driver of this growth is Arbitrum’s integration with zkVerify, which reduces verification costs by up to 91%. Additionally, Arbitrum launched Onchain Labs, an incubator for early-stage projects, and facilitated the issuance of a Mexican peso-pegged stablecoin via Bitso for cross-border payments in Latin America. Meanwhile, the ARB token has seen a 6% price increase, reinforcing investor confidence in the network’s long-term potential.
about Arbitrum Hits $300B in Uniswap Volume, Leads Layer 2 GrowthBitstamp Joins Leading Exchanges Adopting Ripple’s Stablecoin RLUSD
Ripple’s stablecoin, RLUSD, launched in mid-December, has gained traction among major exchanges, with Bitstamp recently adding it to its platform. Pegged 1:1 to the US dollar, RLUSD is designed for institutional use but has experienced initial price volatility, fluctuating between $0.96 and $1.06. Users are cautioned about the high-risk nature of the investment, with Ripple’s CTO advising against speculative behavior.
about Bitstamp Joins Leading Exchanges Adopting Ripple's Stablecoin RLUSDRipple President Anticipates Imminent Approval of XRP ETF and Stablecoin Expansion
Ripple President Monica Long expressed optimism about the imminent approval of a spot XRP exchange-traded fund (ETF) in the U.S., predicting it will come “very soon.” She highlighted the growing role of stablecoins, particularly Ripple’s RLUSD, which is set for broader distribution on various exchanges. Long noted that Ripple’s payments business has doubled, driven by strong institutional demand, and suggested that a favorable regulatory environment could accelerate ETF approvals.
about Ripple President Anticipates Imminent Approval of XRP ETF and Stablecoin Expansion