Ripple’s RLUSD stablecoin has grown rapidly, reaching $455 million in circulation—a 47% increase in June alone—though 95% of its supply remains on Ethereum. Ripple’s recent EVM-compatible sidechain launch and smart-contract integration aim to position XRPL as a competitive platform for RLUSD, with faster and cheaper transactions. Meanwhile, Ripple’s application for a national trust-bank charter and alignment with the GENIUS Act could enhance regulatory trust and scalability. Analysts suggest that if RLUSD migrates to XRPL, it could boost XRP’s utility through transaction fees and DeFi liquidity. However, skeptics argue Ethereum’s dominance may persist, leaving RLUSD’s impact on XRP uncertain.
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XRP’s Potential if Ripple Captures 14% of SWIFT’s Market
A recent analysis by crypto expert Crypto Eri explores the potential impact on XRP if Ripple secures 14% of SWIFT’s $4.2 trillion annual cross-border transaction volume. Her calculations show that only 0.019% of XRP’s circulating supply would be needed to facilitate $11.5 billion in daily transactions, thanks to its high velocity and reusability. Additionally, the burn rate for fees in a $5 trillion annual transaction scenario is estimated at just 5,000 XRP, reinforcing its efficiency as a bridge asset. The findings have gained traction among researchers and crypto enthusiasts, validating XRP’s role in global payments.
read moreGlobal Crypto Adoption: Pros, Cons & Risks
Cryptocurrencies offer significant advantages, including low-cost global transfers, censorship resistance, and decentralized finance (DeFi) opportunities. However, challenges such as lack of education, unclear regulations, and technological risks like hacking and volatility remain barriers to wider adoption. Despite these hurdles, cryptocurrencies continue to innovate, shaping the future of money with their permissionless and transparent ecosystem. The article emphasizes the need for better education and global regulations to mitigate risks and drive mainstream adoption.
read moreInvesco & Galaxy File for Solana ETF in US Market
Invesco and Galaxy Digital have taken a significant step toward launching a Solana ETF in the U.S. by registering the ‘Invesco Galaxy Solana ETF’ trust in Delaware. This follows a trend where firms establish legal structures before SEC filings. Market sentiment is optimistic, with a 91% prediction of approval by 2025, and reports suggest the SEC may greenlight Solana ETFs as early as July. The regulator has requested updated S-1 filings, indicating active discussions, including potential staking features to boost returns. However, demand may not match Bitcoin ETFs, as analyst Eric Balchunas notes diminishing interest further from BTC. The ETF would provide indirect Solana exposure through a regulated vehicle.
read moreRipple’s XRP Ledger to Power Hidden Road’s Prime Brokerage
Ripple has announced that its XRP Ledger (XRPL) will act as a post-trade infrastructure for Hidden Road’s prime brokerage services after acquiring the firm for $1.25 billion. The acquisition, approved by FINRA, grants Ripple a US broker-dealer license through its subsidiary, Hidden Road Partners CIV US LLC. Hidden Road brings 300 institutional clients and processes over $3 trillion annually. Ripple’s Managing Director Cassie Craddock emphasized the focus on enterprise-grade digital asset solutions, while Crypto Eri clarified XRPL’s role in trade settlements and stablecoin collateral. Analysts predict XRP could surge to $15, buoyed by this deal and potential ETF approval. Currently, XRP trades at $2.1, up 3% in 24 hours.
read moreTeucrium’s 2x XRP ETF Debuts with $5.43M Volume Amid Market Slump
Teucrium’s 2x XRP ETF (XXRP) recorded $5.43 million in turnover on its April 8 NYSE debut, ranking in the top 5% of new ETF launches despite XRP’s price hitting a five-month low. The leveraged product, which amplifies daily XRP price movements, outperformed Solana’s comparable ETF by 4x but trailed far behind BlackRock’s Bitcoin ETF debut. While the altcoin community showed interest, analysts warned of heightened risks due to volatility decay—a scenario where flat XRP prices could still lead to XXRP losses. The launch coincides with over 10 asset managers, including Grayscale, filing for spot XRP ETFs, though BlackRock remains absent from the race.
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