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In the XRP community, the view has recently been gaining strength that the token has finally been left on the sidelines of the market. The logic behind this observation is simple: since Ripple has shifted its focus to its new dollar stablecoin, RLUSD, the "old volatile" XRP will no longer be needed, and liquidity will simply flow into the stable asset.

Analysts at Evernorth, the largest independent XRP treasury, examined the logic behind this fear and explained, using fresh on-chain data from Dune Analytics, why the new dollar does not “eat” XRP, but instead acts as its main catalyst.

Inside the RLUSD and XRP synergyWhen Ripple first launched its digital dollar, investors expected the worst - if large businesses were given a stable dollar for settlements inside the XRP Ledger (XRPL), XRP itself would be written off. In reality, however, everything moved in the opposite direction.

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According to the latest report, 52% of all RLUSD volume now circulates inside XRPL, even though back in April the network’s share was only 17%, while most of the stablecoin was held on Ethereum.

RLUSD in circulation by chain, in dollars., Source: Evernorth citing Dune AnalyticsIn less than a year and a half, RLUSD’s share of trading operations inside XRPL rose from near-zero levels, below 1%, to 12%. Here, Evernorth’s experts make an important point: the market is not abandoning XRP — traders have simply started actively moving dollars through the token.

To understand the essence of this process, the analysts suggest looking at the traditional foreign exchange market. In the global economy, the U.S. dollar participates in most transactions, acting as the main connecting link. Without it, it is difficult to quickly and cheaply exchange, for example, yen for tugriks.

A similar model is now being built on Ripple’s blockchain.

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The direct RLUSD/XRP trading pair has generated $900 million in volume in just six months, creating a deep dollar market that simply did not exist before. Judging by the metrics, these assets are not competing in this pair, but dividing responsibilities:

RLUSD gives businesses a clear dollar value for settlements without exchange-rate swings.XRP remains an independent “bridge” for instant conversion between other assets when the parties on both ends of a transaction do not have a direct match of interests.But the main technical argument for why XRP has not been left out of Ripple’s expansion into stablecoins lies in how the network itself is built. Any operation, transfer, or order in the RLUSD/XRP pair requires a network fee, which is physically and permanently burned.

This creates a simple relationship: the more popular digital-dollar settlements become, the higher the activity in the XRP pair. And the more activity there is, the more XRP tokens are burned, reducing the total supply of the network’s native asset.

As a result, the dollar does not push XRP out of the market. It is built on top of it, generating liquidity and forcing the native token to burn even faster, Evernorth concludes.

Ripple is expanding its presence and corporate relationships in Asia amid surging interest in blockchain-based payment infrastructures. As central banks, regulatory authorities, and major financial firms across the region increasingly turn to digital asset-focused payment solutions, Ripple’s profile and influence have become more visible than ever.

Digital currency conversations pick up speed in ThailandOne of the most significant examples of this trend is Thailand, where digital currency initiatives are accelerating. The Bank of Thailand is working towards launching a one-to-one baht-backed stablecoin by 2027. While it has not been confirmed that Ripple will provide the technology infrastructure for this project, the company has emerged as a key policy stakeholder in shaping Thailand’s digital currency agenda.

Ripple responded to the Bank of Thailand’s 2021 central bank digital currency (CBDC) discussion paper, highlighting the importance of interoperability with international payment standards to enable smoother cross-border transactions. The company also proposed a two-tier CBDC model in which the central bank issues the currency, while licensed financial institutions handle distribution and customer service.

Mini glossary: CBDC refers to digital forms of a central bank’s official currency. A stablecoin is a digital asset typically pegged to a fiat currency.

Additionally, Ripple has unveiled its CBDC platform built on the XRP Ledger, touting advantages for central banks such as faster settlement, reduced operating costs, greater scalability, and increased energy efficiency. The ongoing dialogue between Ripple and Thai central bank officials—inclusive of recent policy events held with TRM Labs—underscores the deepening engagement between the parties.

Ripple advocates for a CBDC model that is both interoperable with international payment standards and operates on two levels to ensure seamless cross-border transactions.

Japan emerges as a strategic hubRipple’s expansion in Asia is by no means limited to Thailand. The company has established partnerships with banks, payment service providers, and financial institutions across markets such as Japan, South Korea, Singapore, Hong Kong, the Philippines, and Vietnam. Regional government openness to CBDCs, tokenized assets, and blockchain-based payment networks is driving even greater value to Ripple’s growing ecosystem.

Japan stands out as a particularly strong strategic base for Ripple. The country’s financial giant SBI Holdings has long been a major investor in Ripple and has supported the company’s payment solutions across Asia. In a move that extends its influence further into the digital asset sector, the SBI Group recently agreed to acquire Japanese crypto exchange Bitbank in a deal valuing the company at $289 million. As a leading Japan-based finance conglomerate, SBI Holdings operates across banking, investment, and digital finance sectors.

RLUSD approval draws the spotlightRipple has made a noteworthy move in Japan’s stablecoin market as well. The company’s RLUSD stablecoin has become the first US dollar-pegged stablecoin to receive regulatory approval for domestic distribution in the country. This marks a pivotal milestone as Japan advances its framework for digital assets.

As Asian economies modernize their payment infrastructures, Ripple’s relationships with regulators, its network of corporate alliances, and its blockchain innovations strengthen its foothold in the region. The deepening ties in both Japan and Thailand suggest that Asia could emerge as Ripple’s most significant growth engine in the years ahead.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Ripple ex-CTO David Schwartz has pushed back on claims that the XRP Ledger leaves everyday traders exposed to sandwich attacks, saying the risk is real but overstated.

Concerns surfaced on X after an account argued that validators and well-connected nodes gain a timing edge by observing pending transactions before each ledger closes. Sophisticated actors can then calculate whether front-running a trade is profitable, and spam multiple transactions to secure a favorable slot in the canonical order.

Sandwich Attack Mechanics on the XRP LedgerTransaction ordering on the XRP Ledger uses a deterministic formula involving transaction hashes. That formula is public. This lets actors position transactions ahead of a target trade on the XRP Ledger DEX and AMM, worsening slippage for ordinary users.

Concerns arose that the issue creates an uneven playing field, particularly for traders using popular wallets and decentralized applications.

Concerns have been raised about the possibility of front running or transaction sandwich attacks on XRPL payments and offer crossing.

For the reasons I've explained, I'm not that concerned about this issue. But I have a proposal for a fairly simple scheme that would eliminate… https://t.co/lnhTv1bhBK

— David 'JoelKatz' Schwartz (@JoelKatz) June 29, 2026 David Schwartz. Source: XSchwartz Says Validators Cannot Act QuietlySchwartz acknowledged the concern but pointed to several mitigating factors, drawing on his earlier positions in XRP Ledger design debates. First, pending transactions are publicly visible to everyone before a ledger closes. No party holds exclusive early access. Second, a single validator gains no meaningful advantage. Coordinating multiple validators would leave clear evidence, since validators sign all proposals and validations.

“Running a validator does not help you do this unless multiple validators conspire. If multiple validators did conspire, or a single validator attempted it, it would be very obvious to everyone exactly who was doing this and that validator would be immediately removed from everyone’s trust lists.”

Schwartz also noted that confirmed attacks, beyond proof-of-concept testing, remain unreported. The core economic barrier is straightforward. Profitable attacks need high liquidity to justify the effort and low liquidity to move the price. Those two conditions rarely coincide. Recent XRP Ledger institutional privacy work addresses a related concern at the data layer.

A 2-Step Reservation Scheme for the XRP LedgerFor traders who want firmer guarantees, Schwartz outlined a transaction reservation approach. A user first broadcasts a reservation specifying a future ledger sequence number, a transaction ID, and a small fee. If that reservation confirms, the actual trade executes before any transaction submitted after the reservation went public. The approach requires two submissions per protected trade.

The method complements XRP Ledger privacy transfer proposals by targeting front-running at the execution layer rather than at the data layer.

XRP continues to trade well below its all-time high as attention turns to whether fairness improvements like this could support longer-term adoption.

Ripple is pushing the XRP Ledger into institutional lending territory with the XLS-66 Lending Protocol, paired with XLS-65 Single Asset Vaults, a framework that enables fixed-term credit facilities funded by pooled deposits and settled automatically on-ledger. Institutions put assets into a vault, borrowers draw from that pool on defined terms, and the ledger handles repayment mechanics without a middleman touching the money.

The underwriting still happens off-chain. Risk assessment, credit decisions, compliance checks: all conducted before anything touches the ledger. Once approved, execution is automated.

How the protocol actually works Single Asset Vaults, defined under XLS-65, are the deposit side of the equation. Liquidity providers deposit into these vaults, which then fund fixed-term loans to institutional borrowers.

The loans themselves are uncollateralized in the traditional crypto sense. There is no overcollateralization requirement like you would see on Aave or Compound. Instead, underwriting happens through off-chain credit assessment, which means the protocol is explicitly designed for institutions that can be evaluated like real-world borrowers, not anonymous wallets.

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The protocol also integrates with Multi-Purpose Tokens, XRPL’s flexible tokenization standard, as well as Credentials and Permissioned Domains, features that allow the ledger to enforce compliance rules at the infrastructure level. An institution can participate only if it meets the criteria embedded in the domain.

Rippled v3.1.0, which shipped in late January 2026, moved the Lending Protocol amendment into validator voting. The amendment has since received a re-audit by Halborn, a blockchain security firm, clearing one of the last major technical hurdles before broader deployment.

The tokenized RWA context Tokenized RWAs on the ledger exceeded $3 billion in value by late April 2026, according to RWA.xyz data. That figure represents a 59% increase in a single month. The growth is being driven by two main asset classes: energy-backed tokens and Ondo Finance’s tokenized US Treasuries.

Energy-backed tokens represent physical energy assets, typically tied to production or reserves, that have been tokenized for on-chain trading and financing.

Evernorth, a firm holding a significant quantity of XRP, publicly announced in January 2026 its intent to participate in the Lending Protocol once live. The firm’s interest is straightforward: deposit XRP holdings into vaults, earn yield from borrower interest.

What this means for XRPL’s competitive position The institutional DeFi space is not empty. Ethereum has a substantial head start in DeFi infrastructure, and networks like Avalanche and Polygon have also made dedicated pushes toward institutional adoption. What XRPL is betting on is that compliance-native infrastructure, meaning a ledger where permissioned access and credential verification are built into the base layer rather than bolted on top, will matter more to regulated institutions than raw liquidity depth.

The Halborn re-audit is part of that story. Institutional risk teams want documented security reviews before they allocate, and XRPL has now cleared that bar for the lending layer.

For XRP as an asset, the lending protocol introduces a new demand variable. Vault deposits denominated in XRP create holding incentives that go beyond simple speculation. If institutions are depositing XRP to earn yield, that represents a category of demand that is less sensitive to short-term price volatility and more tied to the protocol’s utilization rate.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

California’s DFAL Clock Is Ticking: XRP Price Hanging in the Balance

Ahmed Barakat

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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

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California’s Digital Financial Assets Law will take effect on July 1. It requires any firm conducting digital asset business activity with state residents to hold a DFAL license, and have a completed application on file with the DFPI, or cease covered operations. Right now, as of public records, no Ripple entity appears among applicants. XRP price has fallen below the $1.10 level at this moment of uncertainty.

DFAL covers the exchange of digital assets for fiat or other digital assets, their transfer between persons, custody, and the issuance of reserve-backed instruments. It maps directly onto Ripple’s California-facing operations: payments infrastructure, custody services, and the issuance and redemption of RLUSD, Ripple’s dollar-pegged stablecoin.

Ripple’s existing portfolio of 40-plus U.S. money transmitter licenses does not automatically satisfy DFAL; the law is a separate regime administered by the DFPI through the Nationwide Multistate Licensing System.

However, there are three paths to legal compliance by July 1: hold a DFAL license, have a completed application pending with the DFPI, or qualify under a narrow statutory exemption, primarily available to banks, certain trust companies, and SEC- or CFTC-registered entities operating within already-regulated activity.

🗓️Key date for @Ripple – July 1.
Ripple previously engaged CA's DFPI for a DFAL license noting firms can keep operating if submit by 7/1/26. Public docs through March '26 don't list any Ripple entities, though likely filed. Necessary for all CA offerings, issue/redeem/custody. pic.twitter.com/xfQK4Z3IBc

— WrathofKahneman (@WKahneman) June 19, 2026 Ripple has engaged with the process as the company submitted a formal comment letter to the DFPI, pushing to eliminate redundant money transmitter license requirements for DFAL-licensed firms. However, engagement is not the same as a filed application.

Law firms, including Chambers-ranked practices, have described DFAL as one of the most expansive state-level digital asset licensing regimes in the country.

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Can XRP Price Hold $1 If Ripple Misses the DFAL Deadline?XRP is trading near $1.10, far below the expected $2.50 many predicted. Recent price action reflects weak momentum, with sellers repeatedly capping rallies around the $1.15 to $1.20 area. Despite ongoing attention on Ripple’s regulatory developments, the market has yet to price in a decisive positive outcome.

Meanwhile, investors remain focused on several legal and regulatory milestones involving Ripple. The court’s earlier finding that XRP itself is not inherently a security removed a major uncertainty. However, the remaining penalty and injunction issues still matter because they could influence Ripple’s future business operations and market sentiment.

From a technical perspective, XRP must first reclaim the $1.15 to $1.20 zone before traders can discuss a stronger trend reversal. If buyers regain control and regulatory developments remain favorable, the next resistance area could emerge around $1.30 to $1.50. A sustained move above those levels would likely require a meaningful catalyst.

On the downside, support remains clustered around $1.05 and $1.00. If regulatory expectations weaken or broader crypto markets turn lower, those levels could come under pressure. The $1.00 mark remains an important psychological threshold, as a decisive break could invite additional selling.

For now, the market appears to be waiting for confirmation rather than trading on assumptions. Regulatory progress could improve sentiment, yet XRP’s longer-term trajectory will likely depend on both legal clarity and stronger demand returning to the market.

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Brad Garlinghouse said one word, “maybe,” and the XRP community heard a promise. Asked whether holders could get a piece of Ripple if it goes public, he nodded toward a “special arrangement.” This is what was actually said, what holders could realistically receive, and the downside almost nobody is talking about.

Summary

Ripple chief executive Brad Garlinghouse said that “if and when” Ripple goes public, the company might do “something special” for XRP holders, then immediately added it was “not in the immediate term.” That hedged “maybe” was offered in response to a direct question, not volunteered as a plan, and he declined to commit to any mechanism such as a token buyback. Ripple and XRP are legally and financially separate assets: holding XRP grants no shares, no dividends, and no claim on Ripple’s corporate profits, and no bridge between the two currently exists. The mechanisms holders imagine, preferential IPO share access, long-term holding rewards, or tokenized Ripple equity, are all unannounced and face serious securities-law hurdles given XRP’s legal history. The overlooked risk is that a Ripple IPO could actually pressure XRP, by drawing institutional capital toward Ripple stock and pushing the company to monetize its escrow holdings to satisfy public-market investors. One word from Ripple’s chief executive set the XRP community alight, and that word was “maybe.” Speaking on the “Crypto In America” podcast with journalist Eleanor Terrett, Brad Garlinghouse was asked the question XRP holders have wanted answered for years: if Ripple ever goes public, could the people who hold XRP get a piece of it. He did not say no. He gestured first at the indirect benefits Ripple already provides, then, pressed on whether the company would do something specific for holders in an initial public offering, he said, “Maybe, but that is not in the immediate term.”

JUST IN: Ripple CEO Brad Garlinghouse says the company processed $13T in payments last year with no immediate IPO plans pic.twitter.com/f9bd80FPsX

— crypto.news (@cryptodotnews) May 5, 2026 That was the entire substance of it, a hedged possibility wrapped in a qualification, offered in answer to a direct question rather than announced as a plan. And yet within hours it had been clipped, shared, and reshaped across XRP social media into something close to a corporate commitment, with community members urging one another to “hold accordingly.” The gap between what Garlinghouse actually said and what the community heard is the real story here, because the difference between a hinted-at maybe and a planned reward is the difference between a reasonable hope and a misplaced expectation.

The reason the remark landed so hard is the situation it landed into. XRP holders have spent 2026 watching Ripple collect exactly the kind of institutional wins the community long predicted, settlements with JPMorgan, stablecoin launches with major partners, a steady drumbeat of bank deals, while the token itself has stayed pinned near a dollar and change, beneath every major moving average. That combination, corporate triumph paired with token stagnation, breeds a particular hunger: the sense that the wins are real but are somehow not reaching holders, and that some missing mechanism could finally connect the two. Into that hunger dropped Garlinghouse’s nod, and it did what a catalyst does in a starved market.

This piece separates the hope from the reality. It covers exactly what was said and the precise wording that matters, the crucial distinction between Ripple the company and XRP the token, the mechanisms a holder benefit could theoretically take and why each is harder than it sounds, why Ripple may not even go public soon, the indirect benefit Ripple genuinely does provide, and the downside almost nobody is discussing: that an IPO could actually work against XRP. The goal is the real picture, neither dismissing the possibility nor inflating it into the certainty the hype implied.

What Garlinghouse actually said Precision matters here, because the entire community reaction rests on a few carefully chosen words, and those words were more conditional than the excitement suggested. Garlinghouse did not volunteer the remark; he was asked directly whether XRP holders could share in Ripple’s success if the company eventually launched an initial public offering. His first instinct was to point to the indirect benefit Ripple already provides, saying he hopes XRP holders feel they benefit from Ripple’s existence through the work the company does to grow the XRP ecosystem. Only when pressed on whether Ripple would do something specific for holders in an IPO scenario did he offer the line that ignited everything: “Maybe, but that is not in the immediate term.”

When pushed further on concrete mechanisms, including a possible token buyback, he declined to commit to any of them, pointing back instead to what Ripple already does for the ecosystem. So the full extent of the supposed promise is a “maybe,” qualified as not near-term, given in response to a direct question rather than offered as a plan, with no program described, no mechanism named, and no action committed to. The community heard “Ripple will do something special for holders.” What Garlinghouse actually said was closer to “maybe someday, if we go public, which is not happening soon.”

Those are not the same statement, and stacking the two conditionals reveals how far the exciting headline sits from anything concrete: a possible benefit, attached to a possible IPO, that he himself describes as not a priority. It is worth adding that days earlier, at an industry conference, Garlinghouse had been cooler still on the idea of going public at all, emphasizing that staying private gives Ripple flexibility. Read in that context, the podcast remark was a hint, not a plan and certainly not a promise. Any honest assessment of what holders would actually get has to begin from that fact rather than from the amplified version that spread online.

Ripple is not XRP: the distinction that decides everything To understand why this question is so charged, and so easily misunderstood, you have to grasp a distinction that still confuses many people: Ripple and XRP are legally and financially separate assets, and owning one does not mean owning the other. Ripple is a private technology company that builds payment and liquidity products, some of which use the XRP Ledger. XRP is a cryptocurrency, the native asset of the XRP Ledger, which is a decentralized, open-source blockchain that Ripple does not control. Holding XRP gives you ownership of that token and nothing else.

It confers no shares in Ripple, no dividends, no voting rights, and no claim whatsoever on Ripple’s corporate profits or assets. The two are different things with different value drivers, and the price of one does not automatically move the other. That distinction is why the company-versus-token gap keeps resurfacing across Ripple’s 2026 story. Ripple can win institutional business, launch products, and deepen its corporate value without automatically delivering a direct benefit to XRP holders.

This separation is the foundation of the entire holder-payout question, because it means there is no existing structure, no dividend, no buyback mechanism, no holder-equity bridge, that currently connects Ripple’s corporate fortunes to the people who hold XRP. Any such benefit would require a deliberate corporate decision: Ripple choosing to extend something to holders of a token that is legally distinct from its stock. That is precisely what makes Garlinghouse’s “maybe” notable, because it gestures at the possibility of Ripple voluntarily building a connection that does not exist and is not required to exist. The community’s hope is that Ripple might someday decide to construct that bridge.

The reality is that no bridge exists today, none is planned, and the entire question is whether Ripple might ever choose to build one. Everything that follows, every imagined mechanism and every obstacle, flows from this single fact: a Ripple IPO would, by default, do nothing for XRP holders, because the token and the company are separate. Only an affirmative, deliberate choice by Ripple could change that. Until such a choice is announced, a holder payout remains speculation, not entitlement.

The mechanisms holders imagine Once the “maybe” spread, the community began filling in the blank with specific mechanisms, and it is worth laying them out, because they define the range of what “something special” could plausibly mean. The most discussed idea is preferential access to IPO shares, an arrangement in which verified long-term XRP holders, or users staking on the XRP Ledger, would be granted priority subscription rights to buy into a Ripple offering at favorable terms before the general public. This is the version that most directly answers the community’s wish, because it would let XRP holders transition, at least partly, into Ripple shareholders. It would turn token loyalty into an equity stake.

A second imagined mechanism is a long-term holding reward, a community-based structure that would give some benefit to holders who have kept XRP for a defined period, rewarding loyalty without necessarily handing over equity. A third, more technically ambitious idea is tokenized Ripple equity: a blockchain-based representation of Ripple stock made available to eligible token holders, which would use the very tokenization technology the industry is racing to build in order to bridge the gap between Ripple shares and XRP. Some in the community have also floated the notion of an “equity-token-bound” proof of entitlement, a digital claim linking XRP holding to some future right in Ripple. Each of these would, in its own way, construct the bridge between Ripple equity and XRP holders that currently does not exist.

The crucial thing to hold in mind is that all of them remain imagined, not announced. Garlinghouse named none of them; he declined, in fact, to endorse any specific structure when asked. They represent the community’s wish list of what “something special” might be, not a menu Ripple has offered. The distance between a fan’s plausible idea and a company’s actual program is considerable, especially when the imagined benefit touches securities law, global compliance, investor eligibility, and the legal separation between Ripple equity and XRP.

Why each mechanism is harder than it sounds The reason Garlinghouse spoke in hints instead of specifics is almost certainly that nearly every concrete version of a holder benefit collides with serious obstacles, and understanding those obstacles is essential to a realistic view. The largest is securities law, and it is a particularly sharp problem for XRP of all tokens. Linking a cryptocurrency’s holding to equity benefits raises exactly the kind of securities-law questions that defined Ripple’s long and costly legal battle, the years-long fight over whether XRP sales amounted to unregistered securities transactions. Building a formal bridge that rewards XRP holders with equity or equity-like rights risks recreating the very entanglement between the token and the company that Ripple spent years and enormous legal resources trying to separate.

The company would have to navigate that terrain with extreme care, because a poorly designed holder-benefit program could reintroduce the argument that XRP is a security tied to Ripple’s enterprise, which is the last thing Ripple wants. That is why the catalyst that matters more than the IPO is still statutory clarity from the CLARITY Act, not an undefined corporate reward. Federal clarity can strengthen XRP’s status without blurring the line between the token and Ripple equity. A holder-equity program, by contrast, could blur that line if designed carelessly.

Beyond securities law, the practical obstacles multiply. A preferential-share program would require verifying who is a genuine long-term holder, drawing cutoff lines that would inevitably be seen as arbitrary or unfair, and managing the identity and compliance machinery to do it at scale across a global, pseudonymous holder base. A holding-reward structure raises questions of how to fund it and how to avoid favoring large holders over small ones. Tokenized equity would face the full weight of securities regulation governing who can own and trade company stock, plus the technical and legal work of making a regulated equity instrument function on a blockchain.

Each mechanism, in other words, is not just a matter of Ripple deciding to be generous; it is a tangle of legal exposure, fairness problems, and operational complexity, any one of which could sink it. This is why the most dramatic interpretations of “special arrangement” are also the least likely. A sober reading has to weight the modest possibilities, a governance gesture, a symbolic recognition, or simply Ripple structuring its business so more value flows through XRP over time, far more heavily than the windfall the community imagined.

Why Ripple may not even go public soon The entire holder-benefit scenario is downstream of a prior question that often gets lost in the excitement: will Ripple even go public at all, and if so, when. On this, Garlinghouse has been consistent and notably unenthusiastic. He has repeatedly described an IPO as not a priority, and his reasoning is grounded in the current state of the public markets for crypto companies. He has pointed to the underwhelming performance of crypto-related public listings, citing peers whose post-listing stock has struggled, and noted reports that at least one major exchange had delayed its own listing plans.

His view, in short, is that the public markets have not treated Ripple’s peers well, and that there is little reason to rush into that environment. He has also made a positive case for staying private, arguing that it preserves flexibility, including, he joked, the freedom to speak openly without lawyers drafting every word. This is not the posture of a company on the verge of ringing the opening bell. It means the holder-benefit question is built on a foundation that is itself uncertain: a possible reward contingent on an IPO that the chief executive describes as neither planned nor imminent.

That is the sense in which the whole thing is a maybe attached to a maybe. For an XRP holder weighing what they might receive, this is the most important practical point, because even the most generous imaginable holder benefit is irrelevant unless and until Ripple actually decides to go public. By Garlinghouse’s own account, that decision is not on the calendar. The community’s hope therefore rests on two sequential uncertainties: first that Ripple goes public, and second that, having done so, it chooses to extend something to holders it is under no obligation to help.

Either link breaking is enough to make the whole scenario evaporate. That is why the IPO hint should not be treated like a near-term catalyst, even if it tells holders something about how Ripple thinks about its community. The comment matters as a signal of openness, but it does not change the current legal structure, the current IPO timeline, or the current token economics. XRP holders should separate those categories carefully.

The indirect benefit Ripple already provides Set against the speculation is Garlinghouse’s actual, stated position, which deserves a fair hearing because it is not a trivial argument: that XRP holders already benefit from Ripple’s existence, indirectly but intentionally. The foundation of this argument is a simple fact: Ripple is the largest single holder of XRP. That gives the company a stronger economic incentive than anyone else to increase the token’s value and adoption, because Ripple profits when XRP rises, just as holders do. Its incentives are genuinely aligned with holders, even without any formal program linking the two.

Every commercial partnership Ripple pursues, every payment corridor it opens, every institutional deal it closes, and every regulatory battle it fights is evaluated, at least in part, through the lens of how it drives XRP utility and liquidity. Garlinghouse’s framing is that this alignment is the real benefit, that Ripple’s entire strategy is built around making XRP the most useful, liquid, and trusted digital asset in payments and settlement, and that by growing the ecosystem it makes what holders own more valuable, even without a dividend or an equity link. That is where XRP’s actual utility remains central to the long-term case. The token’s real thesis has to rest on usage, liquidity, and settlement demand, not on implied ownership of Ripple.

NEW: JPMorgan, Mastercard, Ondo Finance and Ripple complete tokenized Treasury redemption test on XRP Ledger. Settlement took roughly 5 seconds compared to 3 to 5 business days on traditional rails pic.twitter.com/9Rkd3MkWF4

— crypto.news (@cryptodotnews) June 12, 2026 Garlinghouse has pointed to concrete examples of this posture, including Ripple’s backing of XRP treasury companies such as Evernorth, which is working to build a large XRP treasury business with Ripple’s support, an effort Garlinghouse frames as helping XRP holders, the XRP community, and Ripple shareholders at the same time. This argument has genuine merit and should not be dismissed as spin. The company’s commercial work plausibly does increase XRP’s utility and demand over time, which is a real, if diffuse, benefit to anyone holding the token. The counterpoint, and the reason the “maybe” resonated, is that many in the community find this indirect alignment insufficient.

They want a concrete share of Ripple’s corporate success, not an incentive structure that may or may not translate into token-price appreciation. That dissatisfaction is precisely the nerve Garlinghouse’s remark touched. His indirect-benefit argument is, in effect, his answer to it: you already benefit, just not in the direct way you want. Whether that answer satisfies holders depends on whether Ripple’s wins eventually become visible in XRP demand rather than simply in Ripple’s corporate valuation.

The downside nobody mentions: an IPO could hurt XRP Here is the part of the story that the bullish excitement almost entirely skips: a Ripple IPO is not unambiguously good for XRP, and there is a credible case that it could actively work against the token, at least in the near term. The first channel is competition for capital. Today, an institution that wants exposure to Ripple’s success has essentially one liquid way to get it: buy XRP, the token associated with the company’s ecosystem. If Ripple goes public, that changes.

Suddenly there is a direct way to own a piece of Ripple itself, a regulated equity that offers what a token cannot: potential dividends, audited financial transparency, ownership of the company’s actual assets and cash flows, and the compliance comfort of a listed stock. Faced with that choice, institutional capital that might have flowed into XRP as a proxy for Ripple could instead flow into Ripple stock, siphoning off the very institutional demand the XRP bull case depends on. The IPO, in this reading, would give the market a cleaner instrument for the Ripple thesis, and XRP could lose its role as the default vehicle for it. That is the uncomfortable side of where XRP trades while holders wait: the market wants direct token demand, not merely a story about Ripple’s corporate success.

The second channel is selling pressure from Ripple itself. As a private company, Ripple has long been criticized for selling XRP from its large escrow holdings, a persistent source of new supply. After an IPO, that pressure could intensify instead of ease, because a public company answers to Wall Street’s quarterly demands for cash flow and profitability. To satisfy those demands and bolster its financial reports, Ripple’s board could face strong incentives to monetize tens of billions of XRP from its escrow accounts in a more systematic and aggressive way, creating an invisible, long-term overhang on the token’s price.

None of this is certain, and a well-managed IPO could be handled in ways that limit these effects, but the point is that the community’s framing of an IPO as pure upside for holders is incomplete. The honest version acknowledges that going public is a double-edged sword for XRP. It could, in the bullish case, come bundled with a “special arrangement” that rewards holders, or it could, in the bearish case, drain attention and capital away from the token while increasing the supply pressure on it. Holders hoping for the first should at least weigh the second.

What it means for holders today So what should an XRP holder actually take from all of this, standing in the present with the token trading near a dollar and the “special arrangement” still nothing more than a hedged remark? The disciplined answer is to give the IPO hint the weight it actually carries, which is to say very little, and to keep attention on the catalysts that truly move XRP. A possible IPO reward is a weak basis for any decision, because it is a maybe attached to a maybe: an unplanned, undefined benefit contingent on an IPO that Ripple does not prioritize. It is better regarded as a distant possible upside not to be counted on than as a catalyst to position around.

The things that will actually determine XRP’s path are observable and concrete: whether the CLARITY Act passes and writes XRP’s commodity status into federal law, whether spot ETF flows compound or trickle, whether the network’s settlement usage grows enough to translate into real token demand against the escrow supply, and where Bitcoin drags the broader market. Those are the signals worth watching, and the IPO hint is not among them. This does not mean the remark is meaningless. It reveals something real about Ripple’s posture toward its community, a willingness to at least entertain the idea of connecting corporate success to holders, which is more than many companies would offer.

But revealing a posture is not the same as making a commitment, and the most useful thing a holder can do is to enjoy the signal for what it shows about Ripple’s attitude while declining to build any expectation on top of it. The community heard a promise. What Garlinghouse offered was a maybe, and in investing the difference is everything. An XRP holder is better served by evaluating the token on its actual merits, its use in payments, its regulatory position, its adoption, and its supply dynamics, than by speculating about an IPO reward that exists only as a hedged possibility.

That possibility is attached to an IPO that may never come, and that could, in some scenarios, hurt the token as much as help it. The hope is understandable. The discipline is to keep it in proportion. If Ripple ever announces a real program, holders can judge the terms then; until then, the “special arrangement” is a signal, not a strategy.

Frequently asked questions Did Ripple promise XRP holders a payout from its IPO? No. Ripple chief executive Brad Garlinghouse said that “if and when” Ripple goes public, the company might do “something special” for XRP holders, then immediately added that it was “not in the immediate term.” That was a hedged “maybe” offered in response to a direct question, not a plan, a program, or a commitment, and he declined to endorse any specific mechanism such as a token buyback. The community amplified the remark into something close to a promise, but no payout has been announced, no mechanism has been described, and the comment was explicitly conditional on an IPO that Garlinghouse describes as not a priority.

Does holding XRP give me any ownership of Ripple? No. Ripple and XRP are legally and financially separate assets. Ripple is a private technology company that builds payment and liquidity products, some of which use the XRP Ledger. XRP is the native cryptocurrency of the XRP Ledger, a decentralized blockchain that Ripple does not control. Holding XRP grants no shares in Ripple, no dividends, no voting rights, and no claim on the company’s profits or assets.

What could a “special arrangement” actually look like? The mechanisms the community imagines include preferential access to Ripple IPO shares for verified long-term XRP holders, long-term holding rewards for those who keep XRP for a defined period, and tokenized Ripple equity made available to eligible holders. All of these are unannounced and remain speculation instead of anything Ripple has offered. Each also faces serious obstacles, especially securities law, because linking token holding to equity benefits raises exactly the questions Ripple fought during its long legal battle over XRP. More modest possibilities, such as a governance gesture or simply structuring the business so more value flows through XRP, are more realistic than a direct equity windfall.

Is Ripple actually going to have an IPO? It is uncertain, and Garlinghouse has repeatedly described going public as not a priority. He has cited the weak post-listing performance of crypto-company peers and reports of a major exchange delaying its own plans, and he has argued that staying private preserves flexibility. This matters because the entire holder-benefit question is downstream of an IPO happening at all. Even the most generous imaginable reward is irrelevant unless Ripple first decides to go public and then chooses to extend something to holders.

Could a Ripple IPO actually be bad for XRP? It could, and this is the part the bullish framing tends to skip. An IPO would give institutions a direct way to own Ripple through regulated stock that offers dividends, financial transparency, and ownership of company assets, potentially drawing capital that might otherwise have flowed into XRP as a proxy for Ripple. Separately, as a public company answerable to quarterly earnings expectations, Ripple could face stronger incentives to monetize its large XRP escrow holdings more aggressively, adding long-term selling pressure on the token. Going public is therefore a double-edged sword for XRP, with credible downside as well as the hoped-for upside, and holders should weigh both.

What should XRP holders actually focus on? On the observable catalysts that truly move the token instead of the IPO hint. Those include whether the CLARITY Act passes and codifies XRP’s commodity status, whether spot XRP ETF flows compound or stall, whether the network’s settlement usage grows into real token demand against the escrow supply, and the direction of Bitcoin and the broader market. The “special arrangement” remark is best treated as a small signal about Ripple’s posture toward its community, given minimal weight in any actual view of XRP’s prospects. Evaluating XRP on its real merits, utility, regulatory position, adoption, and supply, is far sounder than positioning around a hedged maybe.

This article is information, not investment advice. Prices, corporate plans, and statements reflect reporting available as of June 28, 2026, and can change quickly. Brad Garlinghouse’s comments were conditional and did not constitute a commitment or a program. Nothing here is a recommendation to buy or sell XRP or any security. Verify current details from primary sources and consider your own circumstances before making any decision.

Ripple President Monica Long is set to appear at XRP Seoul 2026, adding a major company voice to one of Asia’s key XRP-focused events.

Summary

Monica Long’s Seoul appearance comes as Korea remains one of XRP’s most active trading markets. XRP Seoul will connect holders, builders, and projects during Korea Blockchain Week on October 3. Ripple’s Korea ties now span custody, tokenized bonds, XRPL projects, and local developer programs. The event will take place on October 3 during Korea Blockchain Week. It will bring together XRP holders, XRP Ledger builders, ecosystem projects, and companies working on blockchain finance.

Monica Long joins XRP Seoul lineup The XRP Seoul account said it was “honored to welcome” Long to the event. The post described her as a leader across Ripple’s business, product, and engineering teams.

Long has worked at Ripple since 2013. The event page says she has helped build the company into a “one-stop shop to move, manage, hold and tokenize value.”

We're honored to welcome @MonicaLongSF, President of @Ripple.

Monica leads Ripple's Business, Product and Engineering teams, building Ripple into a one-stop shop to move, manage, hold and tokenize value. Since joining in 2013, she's played a pivotal role in driving the company… pic.twitter.com/TCbHhU8up4

— XRP Seoul 2026 🇰🇷 (@XRPSEOUL) June 28, 2026 Her role gives the event added weight for XRP supporters. Ripple remains closely linked to XRP through its holdings, payments work, stablecoin strategy, custody services, and use of XRP Ledger infrastructure.

The appearance also comes as Korea Blockchain Week lists Long among its 2026 speaker lineup. The main KBW conference runs from September 30 to October 1 in Seoul.

Korea remains a major XRP market South Korea has long been one of XRP’s most active retail markets. In a recent Korea and Japan trading review, XRP trading on Upbit and other Korean platforms stood out during several periods of strong market activity.

In May, XRP’s Korean won pair also led Upbit volumes after Hana Bank moved to buy a large stake in Dunamu, the operator of Upbit. As previously reported, XRP outpaced Bitcoin and Ethereum in 24-hour volume on the exchange at that time.

That trading pattern explains why Seoul is a key place for an XRP event. Korean traders often drive sharp moves in XRP volume during market cycles.

XRP Seoul 2026 says it will focus on XRP Ledger growth, institutional adoption, and real-world use cases. The official event site says it expects more than 3,000 attendees and over 100 companies.

XRPL activity expands in Korea Ripple’s work in Korea goes beyond token trading. In May, Ripple Custody signed a deal with Kyobo Life Insurance to pilot near real-time settlement of tokenized Korean government bonds.

As previously reported, the pilot uses Ripple Custody to hold, transfer, and settle tokenized bonds. The project also explores stablecoin payment rails through RLUSD.

Local XRPL groups are also supporting developer activity. XRPL Korea lists the Korea Financial Innovation Program 2026 as a three-month path for teams building blockchain-based finance products.

That effort gives XRP Seoul a builder angle, not only a market angle. The event will likely give projects a stage to show how they use XRPL for payments, tokenization, custody, and other financial products.

XRP utility remains under debate Long’s appearance comes as XRP holders continue to question how Ripple’s business growth connects to the token. Recent coverage has tracked Ripple’s moves toward banking, stablecoins, custody, and deeper ties with traditional finance.

A recent analysis of Ripple’s bank strategy said RLUSD may benefit first from a trust charter and Fed master account path. Another SWIFT strategy report noted that Ripple now appears more focused on working with bank messaging systems than replacing them.

That leaves XRP’s direct role under close review. Some holders want clearer proof that Ripple’s new deals create lasting demand for XRP, not only for Ripple products.

XRP Seoul gives Long a public stage to address that gap. Her comments may help show how Ripple sees XRP, RLUSD, custody, tokenized assets, and Korean market growth fitting into the same plan.

XRP dipped all the way to the 1 dollar mark on Friday, putting this key threshold to the test once again. As selling pressure remained strong throughout the week, market participants closely watched the US Personal Consumption Expenditures (PCE) index for May, one of the Federal Reserve’s preferred gauges of inflation. The data hinted that inflation is proving more persistent than anticipated, prompting a cautious tone toward riskier assets.

Short term scenarios dominate the XRP outlookOver the course of three straight days, XRP declined and tested the heavy trading zone around 1.06 dollars, seeing about 830 million XRP change hands at this level. However, buyers struggled to hold the support and the price retreated to the 1 dollar boundary.

Following Friday’s low, buying interest emerged and the recovery extended into Saturday. Over the past 24 hours, XRP has gained 2.95 percent, most recently trading at 1.07 dollars. The key near-term question is whether support at 1.06 dollars can be reestablished, allowing the bounce to continue.

Analysts now see three possible paths for XRP in the short run: a continued recovery, a period of sideways movement, or a decline below 1 dollar.

Alternatively, if the market waits for fresh direction, the price could remain stuck in a narrow band. However, should the current levels fail, a fresh drop below the psychological 1 dollar mark may become likely, drawing attention to previous zones of strong trading activity as potential supports.

According to crypto analyst Ali, if XRP breaks below the critical 1 dollar level, three key price supports come into focus. Roughly 923 million XRP changed hands at 0.80 dollars, 1.16 billion at 0.62 dollars, and 1.06 billion at 0.51 dollars—areas where heavy historical trading activity makes them likely candidates for a potential price floor.

LevelXRP Traded (million)Significance1.06 dollars830Key near-term support and resistance0.80 dollars923First major support0.62 dollars1,160Deeper retracement target0.51 dollars1,060Lower support bandXRP Ledger takes the lead in RLUSD supplyA major development for the Ripple ecosystem this week involved RLUSD, Ripple’s dollar-pegged stablecoin. For the first time, on-chain supply of RLUSD on the XRP Ledger has surpassed that on Ethereum. Data tracking Ripple stablecoins shows 810 million dollars’ worth of RLUSD now circulating on XRP Ledger, while supply on the Ethereum network remains at approximately 760 million dollars.

XRP Ledger is Ripple’s proprietary blockchain network, widely used for cross-border payment solutions. RLUSD—a stablecoin tied to the US dollar—is designed for both institutional and retail payments across different platforms within the Ripple ecosystem.

RLUSD’s in-circulation supply on XRP Ledger reached 810 million dollars, while on the Ethereum network, the figure stood at 760 million dollars.

Regulatory green light for RLUSD in JapanJapan’s Financial Services Agency (FSA) has now officially recognized RLUSD under the country’s Payment Services Act as a new kind of electronic payment instrument. This move paves the way for Ripple’s stablecoin product to be used within Japan’s regulated financial markets.

Plans are in place to offer RLUSD in Japan through SBI VC Trade, making it available to both institutional investors and individual users. SBI VC Trade operates as a crypto platform under the umbrella of Japan’s financial giant SBI Holdings, expanding its product lineup to include the new stablecoin.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

The broader crypto ETF market has continued to bleed for several weeks, but XRP remains moving in the opposite direction, outpacing other major ETF products in both daily and weekly performance.

According to the latest data showcased by SosoValue, XRP has posted its strongest weekly ETF inflow for the month as of June 26, 2026, as investors show rising interest.

XRP hits 8-week steady inflow streakThe data provided by the source shows that XRP has attracted a total of $22.99 million in inflows, marking the highest weekly influx of new capital for June.

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While the funds have been posting consistent inflows for the past eight weeks, this is the highest inflow the XRP ETFs have posted in the past six weeks.

Considering the sharp rise in ETF inflows amid the prolonged streak of positive performances, it appears that institutional investors are beginning to show heightened confidence in XRP despite the intensifying market uncertainties.

Institutions choose XRP over Bitcoin again Apart from the surge in inflows attracted by the XRP ETFs, their consistent dominance over other crypto ETF products, especially Bitcoin and Ethereum, has continued to draw attention from market participants.

It appears that institutional investors are beginning to look beyond the largest crypto assets and are more willing to venture their funds into XRP-based investment products instead.

Although it is important to note that one strong week does not automatically signal a long-term trend, XRP's dominance over Bitcoin and Ethereum has remained for seven consecutive weeks, positioning it as a major player in the ETF market.

While XRP just saw its highest weekly inflow in about six weeks, Bitcoin has just posted its biggest outflow ever of $1.79 billion.

Cardano founder Charles Hoskinson has highlighted the success of Midnight’s Glacier Drop as a major driver of new user adoption for the Cardano ecosystem. 

In a recent commentary, Hoskinson described the Midnight project as a success story, pointing to the impact of its Glacier Drop campaign. Beyond distributing tokens to eligible participants across multiple blockchain ecosystems, he emphasized that the initiative introduced thousands of users from rival networks to Cardano’s infrastructure for the first time.

Glacier Drop Attracts Users From Multiple Blockchains: Hoskinson  According to Hoskinson, the airdrop attracted holders from Bitcoin, XRP, and several other blockchain ecosystems. To claim their NIGHT tokens, eligible users had to interact directly with the Cardano network. Notably, many participants used Cardano wallets and decentralized applications for the first time to complete the redemption process.

Midnight is a privacy-focused partner chain designed to deliver programmable privacy features for enterprises and real-world applications while remaining connected to the broader Cardano ecosystem.

Through the Glacier Drop initiative, Midnight distributed NIGHT tokens to users across ecosystems such as the XRP Ledger, Bitcoin, and Solana instead of limiting eligibility to Cardano holders alone.

Users who held at least $100 worth of eligible native assets qualified for the airdrop and became eligible to receive a share of the NIGHT token allocation.

To complete the claim, participants had to:

Visit the Glacier Drop portal. Sign a transaction using their wallet on the originating blockchain. Provide an unused Cardano address as the destination wallet. Receive their NIGHT tokens directly on the Cardano network. Hoskinson Sees the Process as an Onboarding Engine Hoskinson believes this redemption model will serve as a powerful onboarding mechanism for Cardano.

By requiring users from competing ecosystems to interact with Cardano infrastructure, the Glacier Drop encouraged them to explore Cardano wallets, decentralized applications, and transaction processes firsthand.

As users claim their rewards, some might become active participants in the Cardano ecosystem rather than passive recipients of an airdrop.

Midnight’s Popularity Surged After Launch The Glacier Drop also played a major role in Midnight’s early momentum. NIGHT quickly became one of the most trending crypto assets globally for several weeks following its launch. The token also reached a market cap of $1 billion within weeks.

The initiative also generated significant activity on Cardano. Within just 42 days, Midnight-related activity recorded 354,000 transactions on the network.

Today, the ecosystem continues to expand, with Midnight recording 77,311 unique wallets and 929,540 transactions linked to the project. However, the market valuation of NIGHT has plummeted to $504 million at press time, translating to a unit price of $0.03035. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The native lending protocol on the XRP Ledger (XRPL) received an important boost today toward final activation. An XRPL Foundation representative known as Vet reported that the built-in amendment gained another critically important "YES" vote.

It came from the official on-chain support of major ecosystem platform xpmarket, which voted in favor of the XLS-65 and XLS-66 upgrade package. The platform's developers confirmed that this step opens the way for Single Asset Vaults, an on-chain bond market, and direct yield generation.

👾 XPMarket has voted YES on XLS-65 and XLS-66!

🚀XPMarket is backing native lending on the XRPL.
These amendments bring Single Asset Vaults and an on-chain Lending Protocol directly to the ledger, unlocking yield, liquidity pools, and credit markets with no external smart… pic.twitter.com/UZi6cSDFtI

— xpmarket.com (@xpmarket) June 26, 2026 The LendingProtocol amendment is currently in VOTING status, and at the moment consensus stands at 20% — 7 out of 35 key validators have voted "YES." For the code to be finally implemented at the network's base level, it needs to reach the threshold of 28 votes and maintain it for two weeks.

As Vet notes, validators have started changing their positions more actively in favor of the update thanks to the community's new, stricter approach to security and amendment review.

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Different kind of crypto lending market for XRPInterest in the event is being fueled by the architecture of the protocol itself. Unlike traditional DeFi based on smart contracts, RippleX embeds lending logic directly into the blockchain core at Layer 1. It consists of two elements:

XLS-65 (Single Asset Vaults): users pool one type of asset, such as XRP or the RLUSD stablecoin, into a shared vault.XLS-66 (Lending Protocol): the system issues fixed-term loans from this pool and distributes income among depositors. You Might Also Like

The main difference from crypto's classic model is that the loans will be unsecured. There is no collateral here, and the entire model is closer to the traditional bond market and credit desks in TradFi. Risks are assessed outside the network through off-chain underwriting: the lender independently verifies the borrower's identity and reliability before issuing funds.

Voting continues, but the ice has broken — application developers on the XRP Ledger have already started designing interfaces so users can interact with loans as soon as validators lock in the final 28 votes.

A conditional national trust bank charter, a pending Federal Reserve master account, and a string of acquisitions in brokerage, payments, and treasury. Ripple is assembling a full regulated-finance stack. The benefits flow first to its stablecoin and the company itself. What is left for XRP is the question.

Summary

Ripple has assembled a full regulated-finance stack: a conditional national trust bank charter, a pending Federal Reserve master account bid, and acquisitions in prime brokerage, payments, and treasury services. The charter and master account primarily benefit RLUSD, Ripple’s stablecoin, whose reserves would sit under federal and state oversight, not XRP directly. A national trust bank cannot take ordinary deposits or carry federal deposit insurance, so the real prize is direct access to Federal Reserve payment rails and custody of its own stablecoin reserves. For XRP, the benefit is indirect: a more legitimate, bank-grade Ripple strengthens the whole ecosystem and XRP’s role as a bridge asset, but it creates no direct token-demand mechanism. This is the same pattern that defined XRP through 2026, in which Ripple’s wins flow first to the company and RLUSD, with the token benefiting slowly, if at all. Ripple is turning itself into a bank, or something very close to one, and it is doing it methodically.

Over the past year the company won conditional federal approval to operate a national trust bank, applied for a Federal Reserve master account that would give it direct access to the central bank’s payment systems, and bought its way into prime brokerage, payments, and corporate treasury services through a series of acquisitions.

Add the dollar stablecoin it already issues, the 70-plus regulatory licenses it holds around the world, and a fresh European license that lets it passport services across 30 countries, and the picture is unmistakable.

A company once known mainly for a cross-border payments network and a controversial token is assembling the full apparatus of a regulated financial institution.

For XRP holders, who have watched the token grind sideways near a dollar through a year of Ripple triumphs, the natural question is what all of this means for them.

The honest answer is more complicated, and more sobering, than the headlines suggest, because almost every piece of Ripple’s banking build benefits the company and its stablecoin first, and the token only indirectly.

This piece works through Ripple’s transformation into a regulated financial institution and what it actually delivers for XRP. It covers the banking stack Ripple is assembling, what a national trust bank can and cannot do, the real prize of a Federal Reserve master account, why the charter is mostly a stablecoin story, what genuinely accrues to XRP, the bull case within the bank build, and what holders should watch.

The goal is to separate the real significance of Ripple becoming a bank, which is considerable for the company, from the wishful assumption that everything good for Ripple is automatically good for the token, which 2026 has repeatedly shown to be false.

A payments company is turning into a financial institution Take the full measure of what Ripple has built, because the strategy only becomes clear when you see the pieces together.

The foundation is a conditional charter to operate a national trust bank, granted by the Office of the Comptroller of the Currency, the federal regulator that supervises national banks. The OCC conditionally approved Ripple National Trust Bank alongside other crypto firms in a broader wave of national trust bank approvals.

That federal approval matters because it moves Ripple deeper into the regulated banking perimeter without turning it into an ordinary retail bank.

A subsequent rule expanded what such trust banks are allowed to do, turning what would have been a narrow custody license into something with real operational scope, including digital-asset custody, stablecoin reserve management, and certain payment services.

On top of the charter, a Ripple subsidiary applied for a Federal Reserve master account, the account that would connect Ripple directly to the central bank’s payment rails.

And around that regulatory core, Ripple has been buying capabilities: a prime brokerage, a payments business, and a corporate treasury-services firm, each acquisition adding a piece of the institutional-finance stack.

Layer in the rest and the ambition is obvious. Ripple issues a dollar-pegged stablecoin that has grown past $1 billion in market value.

It holds dozens of regulatory licenses across jurisdictions, and it recently secured preliminary European authorization that lets it offer regulated services across the entire European Economic Area.

That is where Ripple’s European license fits into the larger build. The company is not only chasing U.S. banking access; it is trying to make its regulated-finance stack portable across major markets.

Taken individually, any one of these is a notable corporate step. Taken together, they describe a single, coherent strategy: to become the institutional infrastructure layer for crypto-native finance.

Ripple wants to be a regulated entity that banks and corporations can trust to custody assets, manage stablecoin reserves, settle payments, and connect to both the traditional financial system and the blockchain world.

Ripple is not dabbling in banking. It is building a bank-grade financial institution deliberately, piece by piece.

The question for a token holder is where, in all of this carefully assembled machinery, XRP actually fits.

What a national trust bank is, and what it is not Before assessing what the charter means for XRP, it is worth being precise about what a national trust bank actually is, because the word “bank” carries connotations the charter does not deliver.

A national trust bank is not a retail bank. It cannot take ordinary deposits, cannot offer checking or savings accounts, and does not carry federal deposit insurance, the protection that backs ordinary bank deposits.

What it can do is custody assets, provide fiduciary and trust services, manage reserves, and, under the expanded rule, handle digital-asset custody and certain payment-related functions.

Headlines that say “Ripple becomes a bank” are gesturing at something real, but they compress away an important distinction.

That distinction matters for understanding the charter’s purpose. Ripple’s trust bank exists primarily to serve Ripple’s stablecoin business.

Its core planned function is to custody and manage the reserve assets that back the stablecoin, which today are held through a separate trust entity, and to provide custody to institutional clients.

By bringing reserve management in-house under a federal charter, Ripple gains tighter control, removes reliance on third-party custodians, and obtains a regulatory standing that few stablecoin issuers can match: oversight at both the federal level, through the national chartering regulator, and the state level, through New York’s financial regulator.

That dual supervision is a genuine selling point to institutions weighing whether to trust Ripple’s rails.

This is also why the fight over trust charters matters. Senator Elizabeth Warren and banking groups have challenged the idea that crypto firms with OCC trust charters should be treated like bank-grade institutions, arguing that they could act like crypto banks without the same restrictions.

NEW: Sen. Elizabeth Warren joins banks to challenge Ripple and other crypto firms with OCC trust charters. Claims they act as crypto banks avoiding regulatory obligations pic.twitter.com/ojuHDUd73U

— crypto.news (@cryptodotnews) May 28, 2026 The crypto industry has pushed back. The Digital Chamber called on the OCC to uphold crypto trust bank charters for firms including Coinbase, Ripple, Circle, and BitGo, arguing that the charters are part of bringing digital assets into regulated finance rather than keeping them outside it.

NEW: Digital Chamber calls on OCC to uphold crypto trust bank charters for Coinbase, Ripple, Circle and BitGo against Sen. Warren’s claim of banking law violations pic.twitter.com/qBLrmTOD14

— crypto.news (@cryptodotnews) May 27, 2026 But notice what the trust bank does not do. It does not custody XRP for the benefit of XRP holders, does not create any obligation to buy or hold the token, and does not make XRP a bank deposit or a regulated bank instrument.

It is, at its heart, infrastructure for the stablecoin, which is the recurring theme of Ripple’s entire banking build.

The real prize: a Federal Reserve master account The most consequential piece of Ripple’s banking strategy is the one furthest from being secured: a Federal Reserve master account.

A master account is the account a financial institution holds directly with the central bank, and it is the gateway to the core of the financial system.

It allows direct settlement through the central bank’s payment networks, the same rails the largest banks use, and direct access to base money rather than balances held at a commercial bank.

For a stablecoin issuer, the prize is enormous. With a master account, Ripple could hold the reserves backing its stablecoin directly at the central bank, the safest possible place, eliminating the counterparty risk of relying on private banks and giving institutions far greater confidence in the stablecoin’s solvency and redemption safety.

That is why custody and reserve safety matters so much in this story. Stablecoins are only as trusted as the assets backing them, the institutions holding those assets, and the transparency around redemption.

The catch is that no crypto-native firm has ever received full access of this kind on ordinary terms, and the bar is extraordinarily high.

The central bank has historically been reluctant to extend master accounts to non-traditional institutions. Uninsured trust banks face the most stringent levels of review, and previous attempts by crypto-adjacent firms to win access have often failed or taken years.

Ripple’s subsidiary has applied, and the application remains pending, with no public timeline and no clear signal of when or whether the central bank will act.

Approval would be genuinely transformative. It would mark a deeper integration between a crypto-native company and the core U.S. financial system, and it would dramatically strengthen the institutional credibility of RLUSD.

Ripple, Circle receive conditional national bank charter approvals from OCC

— crypto.news (@cryptodotnews) December 12, 2025 But it is far from assured. Even in the optimistic case, the direct beneficiary is again the stablecoin and the company’s settlement capabilities, not the token.

A master account would let Ripple hold stablecoin reserves at the central bank and settle through its rails. It would not, by itself, create demand for XRP.

The prize is real, and the prize is mostly about everything except the token.

Why this is mostly a stablecoin story Step back and a clear pattern emerges from every piece of Ripple’s banking build: it is, overwhelmingly, a stablecoin story.

The trust charter exists primarily to custody and manage stablecoin reserves. The master account, if granted, would primarily benefit the stablecoin by letting its reserves sit at the central bank.

The European license primarily expands where Ripple can offer regulated payment and stablecoin services. The acquisitions in brokerage, payments, and treasury primarily build out an institutional settlement and services business in which the stablecoin is the natural cash leg.

Ripple’s dollar stablecoin has grown past $1 billion, expanded across multiple blockchains, and won approvals in multiple jurisdictions. The banking apparatus is being constructed largely to support and legitimize it.

That is why the RLUSD the bank serves is the center of the story. A stablecoin is useful to institutions precisely because it is designed to hold a steady dollar value while moving across crypto rails.

Ripple’s own reserve-transparency page also shows why this matters. The company is trying to make RLUSD look less like an experimental crypto product and more like a regulated dollar instrument with transparent backing, regular attestations, and bank-grade custody.

This is the same dynamic that defined XRP through 2026, when Ripple’s marquee bank deals and settlement milestones ran through its stablecoin and ledger while the token captured little beyond a negligible network fee.

As previously reported, this is why Ripple wins bypass the token. Ripple can deepen its institutional footprint while XRP still waits for direct, measurable token demand.

The banking build is that dynamic taken to its logical conclusion. Ripple is constructing a regulated financial institution whose central purpose is to make its stablecoin the most trusted, most institutionally credible dollar token in the market, and to build a settlement and custody business around it.

XRP is part of the broader ecosystem, but it is not the thing the bank is for.

A holder hoping that the charter, the master account bid, and the acquisitions would translate into direct demand for the token is, once again, watching the wrong variable.

The value of all this machinery flows first to Ripple the company and to the stablecoin it is built to serve, exactly as Ripple’s own communications have acknowledged in noting that the banking progress is unlikely to move the token’s price directly or immediately.

So what do XRP holders actually get? If the bank build is mostly about the stablecoin, the fair question is whether XRP holders get anything at all.

The honest answer is yes, but indirectly and slowly. The benefit to XRP runs through legitimacy and ecosystem strength rather than any direct mechanism.

As Ripple becomes a regulated, bank-grade financial institution, the entire ecosystem it anchors gains credibility in the eyes of the banks and corporations Ripple wants as customers.

A more trusted Ripple makes every part of its stack, including the ledger on which XRP lives and the role XRP can play, more palatable to institutional users.

The argument, which Ripple and many holders make, is that demand for one asset in an ecosystem can lift others in the same stack, and that a Ripple wired into the core of the financial system is a Ripple better positioned to drive real-world use of XRP as a bridge asset over time.

This indirect benefit is not nothing, and it would be a mistake to dismiss it. XRP’s most plausible long-term role is as a bridge asset that moves value between currencies in settlement.

A Ripple with a federal charter, a master account, and a credible institutional settlement business is a Ripple with more opportunities to route that kind of settlement in ways that touch the token.

But the benefit is conditional, gradual, and unguaranteed, three qualities that make it very different from the direct, immediate boost holders often hope for.

XRP does not become a bank deposit, a stablecoin, or a regulated instrument through any of this. It remains a separate, volatile asset whose demand depends on whether Ripple’s growing institutional infrastructure eventually channels real settlement volume through it.

The competing path is obvious: the same settlement volume could instead keep flowing through RLUSD, which is better suited to settlement precisely because it does not move in price.

The banking build improves the odds that Ripple can win regulated institutional business someday. It does not make that business flow through XRP now, and it does not create token demand on its own.

The bull case within the bank build In fairness to the optimistic view, there is a coherent bull case for XRP buried inside Ripple’s banking transformation, and it deserves a clear statement.

The strongest version goes like this: Ripple is methodically removing every reason an institution might hesitate to build on its rails.

The charter answers the custody and reserve-management question. The master account, if granted, answers the reserve-safety question at the highest possible level.

The acquisitions answer the brokerage, payments, and treasury questions. The licenses answer the regulatory question across jurisdictions.

As those barriers fall one by one, Ripple becomes a place where serious institutions can conduct serious volume. In a world where Ripple is running large-scale regulated settlement, the case for using XRP as the neutral bridge asset between currencies strengthens, because the infrastructure to do it at scale finally exists and is trusted.

Pair that with the token’s other tailwinds, including the regulatory clarity from its resolved legal status, the spot exchange-traded funds gathering assets, and the prospect of federal legislation codifying its commodity classification, and the bull case becomes clearer.

That is where the legislation that could codify XRP fits in. If the CLARITY Act turns XRP’s commodity treatment into durable federal law, it could make institutions more comfortable using the token where it has a genuine settlement role.

In that version of the future, XRP sits inside a maturing, increasingly bank-grade ecosystem at exactly the moment that ecosystem becomes capable of institutional-scale activity.

If even a fraction of the settlement flowing through a fully built-out Ripple touches XRP as a bridge, the demand could be meaningful, and it would arrive on top of a token that has already cleared its regulatory hurdles.

This is a real argument, and it is why the banking build is truly good news for the long-term XRP thesis even though it is not a direct catalyst.

The caveat, as always, is the word “if.” The bull case depends on Ripple choosing and managing to route settlement through the token rather than through the stablecoin, and the entire pattern of 2026 suggests the stablecoin keeps winning that role.

The infrastructure being built is real. Whether XRP is wired into it is the open question.

What XRP holders should watch For a holder trying to judge whether Ripple’s banking transformation will ever translate into token demand, the analysis points to a few specific signals worth tracking, none of which is another charter or acquisition headline.

The first is the Federal Reserve master account decision.

If granted, it would be a landmark for Ripple and the stablecoin, and it would mark the company’s deepest integration into the financial system. Over time, that expands the surface area where XRP could be used.

If denied, a key piece of the institutional thesis stalls.

Either way, it is the most consequential pending item, and its outcome shapes everything downstream.

The second and more important signal is whether XRP actually appears in the settlement flows of Ripple’s bank-grade business, as opposed to the stablecoin doing all the work.

This is the variable that decides the entire question. If Ripple’s institutional settlement increasingly routes through XRP as a bridge asset, generating real, recurring token demand, then the banking build will finally have reached the token.

If, as has been the pattern, the stablecoin carries the settlement while XRP captures only a fee, then the bank is a Ripple and stablecoin story with XRP riding the halo of legitimacy but not the flows.

The third signal is the broader regulatory picture, particularly whether federal legislation codifies XRP’s status, which would compound the legitimacy the banking build provides.

The honest synthesis is that Ripple becoming a bank is a major, genuine achievement that strengthens the company, the stablecoin, and the long-term credibility of the whole ecosystem.

For XRP specifically, it improves the odds without delivering the goods.

The token’s payoff depends on a future choice, to run regulated settlement through XRP, that Ripple has not yet shown it will make.

Until it does, the bank is being built for everything except the token, and the token, as it has all year, waits.

Frequently asked questions Is Ripple actually becoming a bank? Sort of, but with important caveats. Ripple won conditional federal approval to operate a national trust bank and applied for a Federal Reserve master account, and it has acquired prime brokerage, payments, and treasury businesses. But a national trust bank is not a retail bank: it cannot take ordinary deposits, offer checking or savings accounts, or carry federal deposit insurance. It is a specialized institution for custody, fiduciary services, and reserve management. So Ripple is building a bank-grade regulated financial institution, but one focused on custody and stablecoin reserves instead of traditional deposit-taking banking.

What is the Federal Reserve master account and why does it matter? A master account is an account held directly with the central bank, giving direct access to its payment rails and to base money, the same access the largest banks have. For Ripple, it would let the company hold its stablecoin’s reserves directly at the central bank, the safest possible location, eliminating reliance on private banks and boosting institutional confidence in the stablecoin. No crypto-native firm has ever been granted full access of this kind on ordinary terms, the review is stringent, and Ripple’s application is pending with no timeline. Approval would be transformative for the company and stablecoin, though not a direct catalyst for XRP.

Does Ripple’s banking push help XRP? Indirectly and gradually, not directly. The charter and master account primarily benefit Ripple’s stablecoin, whose reserves they would custody and secure. XRP does not become a deposit, a stablecoin, or a regulated instrument. The benefit to XRP runs through legitimacy: a bank-grade Ripple strengthens the whole ecosystem and improves the odds that XRP is eventually used as a bridge asset in regulated settlement. But that is conditional and slow, not the direct demand boost holders often hope for, and Ripple itself has acknowledged the banking progress is unlikely to move the token’s price immediately.

Why does the stablecoin benefit more than XRP? Because the entire banking build is designed around the stablecoin. The trust charter exists mainly to custody and manage stablecoin reserves. The master account, if granted, would let those reserves sit at the central bank. The acquisitions build a settlement business in which the stablecoin is the natural cash leg. A stablecoin is suited to settlement precisely because it holds a steady value, while XRP’s volatility makes it less suitable for that role. So Ripple’s regulated infrastructure naturally channels value to the stablecoin, with XRP benefiting only as part of the broader, more credible ecosystem.

What is the bull case for XRP in all this? The bull case is that Ripple is methodically removing every reason an institution might hesitate to use its rails, through the charter, the master account bid, the acquisitions, and the licenses. As those barriers fall, Ripple becomes capable of large-scale regulated settlement, and the case for using XRP as a neutral bridge asset between currencies strengthens because the trusted infrastructure to do it finally exists. Combined with XRP’s regulatory clarity, its ETFs, and possible federal legislation, the bull case is that XRP sits inside a maturing, bank-grade ecosystem just as that ecosystem becomes capable of institutional-scale activity. The caveat is whether settlement actually routes through XRP instead of the stablecoin.

What should XRP holders watch next? Three things. First, the Federal Reserve master account decision, which would mark Ripple’s deepest integration into the financial system and expand where XRP could be used, or stall a key part of the thesis if denied. Second, and most important, whether XRP actually appears in the settlement flows of Ripple’s institutional business, generating real token demand, as opposed to the stablecoin doing all the work. Third, the broader regulatory picture, especially whether federal legislation codifies XRP’s commodity status. The token’s payoff depends on Ripple choosing to route regulated settlement through XRP, a choice it has not yet shown it will make.

This article is information, not investment advice. Cryptocurrency is volatile, and regulatory approvals, corporate plans, and figures reflect reporting available as of June 26, 2026, which can change quickly. Verify current data from primary sources before making any decision.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Transaction activity on the XRP Ledger has increased dramatically, with payment volume close to 1 billion XRP in a single day.

XRP's payments volume surgeRecent network data shows that on June 25, payment volume increased to about 926 million XRP, one of the biggest spikes seen in recent weeks. Such a sharp rise seems extremely bullish at first glance. High transaction volumes are frequently seen as a sign of increasing institutional involvement, expanding network utility, or rising demand for the underlying asset.

XRP/USDT Chart by TradingViewThe overall picture, however, indicates that investors should exercise caution when analyzing the data. One crucial detail is the fact that payment volume increased without a corresponding increase in active users. The number of active addresses stayed comparatively constant throughout the month, varying between 100,000 and 150,000, despite transaction volume surging toward 1 billion XRP. This divergence suggests that rather than broad network adoption, the spike might have been caused by a comparatively small number of significant transactions.

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The XRP Ledger frequently exhibits this kind of behavior. Hundreds of millions of XRP can be moved between wallets by large organizations, exchanges, payment processors, and institutional players, momentarily inflating transaction metrics without necessarily indicating a significant change in retail demand.

In the meantime, XRP's market performance continues to be challenged. The asset recently broke below a multi-month support zone that had held since March and is still trading within a wider downtrend. According to technical indicators, XRP is trading below all significant moving averages, and the price structure continues to form lower highs and lower lows.

XRP's market performance There is a substantial gap between price action and network activity. In the past, persistent bull markets have typically been accompanied by concurrent increases in market demand, active addresses, and transaction volume. In this instance, only one of those metrics has demonstrated significant acceleration.

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Strong network utilization frequently provides a stronger long-term foundation, as opposed to speculative trading alone. The market may start to see the recent spike as proof of real adoption growth, rather than isolated whale activity, if active users begin to track transaction volume higher in the upcoming weeks.

For the time being, the billion-XRP payment spike shows how active the XRP Ledger is, but before interpreting it as a clear bullish signal, traders will probably need confirmation from user growth and price performance.

The first six months of 2026 were packed with major announcements for Ripple as the company aggressively expanded its global footprint across payments, custody, stablecoins, and tokenization. From deepening ties with banks and fintech giants to launching RLUSD in new markets, here are top Ripple partnerships and expansions from January through June 2026.

January 2026DXC Technology Partnership (Jan. 21): Ripple partnered with DXC Technology to integrate blockchain-based custody and payments directly into banks’ existing core banking systems.Ripple Treasury Launch (Jan. 28): Ripple introduced Ripple Treasury, a new platform designed to help institutions manage liquidity, settlements, and treasury operations using RLUSD.February 2026Hyperliquid Integration via Ripple Prime (Feb. 4): Ripple Prime integrated with Hyperliquid, giving institutional clients access to DeFi derivatives and cross-margin trading capabilities.Securosys and Figment Partnership (Feb. 9): Ripple expanded institutional custody services through partnerships with Securosys and Figment, enabling regulated clients to securely stake assets like Ethereum and Solana.March 2026Ripple Payments Upgrade (Mar. 3): Ripple enhanced its payments platform by combining fiat settlements, stablecoin payments, custody, and treasury services into a single enterprise solution.$100 Billion Stablecoin Milestone (Mar. 4): Ripple revealed that its stablecoin infrastructure had surpassed $100 billion in processed payment volume.Convera Partnership (Mar. 31): Ripple partnered with Convera to enable faster crypto and stablecoin-powered cross-border business payments.April 2026Brazil Expansion: Ripple expanded institutional custody, treasury, and payments services in Brazil while actively pursuing additional regulatory approvals in the country.Kyobo Life Insurance Partnership (Apr. 15): Ripple joined forces with Kyobo Life Insurance to pilot blockchain-based settlement for tokenized government bonds in South Korea.Kbank Custody Deal (Apr. 29): Ripple partnered with Kbank to deploy scalable digital asset wallet and custody infrastructure.May 2026$200 Million Financing Deal (May 11): Ripple secured a $200 million debt facility to support expansion of its institutional product suite.EDX Markets Partnership (May 19): Ripple Prime partnered with EDX Markets to strengthen institutional liquidity and improve digital asset market access.June 2026RLUSD Expansion in Türkiye (Jun. 2): Ripple expanded RLUSD into Türkiye through partnerships with Bitexen, Bitlo, and BiLira.Bitso Partnership Expansion (Jun. 11): Ripple deepened its collaboration with Bitso to support enterprise stablecoin settlement systems across Latin America.MiCA CASP License Approval (Jun. 23): Ripple secured preliminary approval for a MiCA Crypto Asset Service Provider license in Luxembourg, paving the way for regulated expansion across Europe.Flutterwave Integration (Jun. 24): Ripple integrated with Flutterwave to streamline remittances and reduce payment costs across Sub-Saharan Africa.SBI Group RLUSD Launch (Jun. 25): Ripple and SBI Group officially launched RLUSD in Japan following regulatory approval, bringing the stablecoin to both retail and institutional users through SBI VC Trade.With partnerships spanning banking, payments, custody, tokenization, and stablecoins, the first half of 2026 highlighted Ripple’s growing push to build global blockchain infrastructure for traditional finance.

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A newly unveiled climate finance proposal in the United Kingdom has placed the XRP Ledger (XRPL) at the core of a bold model designed to mobilize private capital for renewable energy projects. The plan marks a significant leap toward adopting blockchain infrastructure in institutional finance, catching the attention of both environmental and crypto market circles.

XRPL emerges as preferred blockchain in UK Parliament proposalDrafted by Dr. Chris Cormack and presented to the UK Parliament’s Environmental Audit Committee, the proposal puts forward a finance structure known as Climate Contingent Convertible Notes—or CloCos for short. This model aims to direct private sector funding into clean energy infrastructure with minimal reliance on direct public subsidies.

A standout feature of the proposal is the explicit mention of XRPL as the ideal blockchain to power a potential pilot project involving regulated financial institutions and institutional investors. The XRPL network would serve as a transparent, immutable record-keeping system for every phase of the investment process, from issuance to monitoring, and from triggering events to the deployment of capital.

The proposal states that XRPL has the capacity to meticulously record ownership rights, project performance milestones, investor entitlements, settlement instructions, and the allocation of funds to renewable energy projects, all in an auditable and transparent manner.

Mini glossary: XRPL is an open-source blockchain network associated with the Ripple ecosystem. With its low transaction fees and rapid settlement, XRPL stands out as a record-keeping infrastructure for payments, asset tokenization, and institutional finance applications.

Four-step model targets verified records through XRPLThe proposed funding mechanism unfolds in four steps: issuance, monitoring, triggering, and distribution. XRPL is positioned to offer verifiable tracking for ownership records and project milestones, while also enabling real-time validation of investor rights, payment instructions, and fund deployment to underlying projects.

According to the proposal, this approach would deliver higher levels of transparency and accountability for regulators, issuers, and investors alike. Tokenized ownership and instant verification could raise reporting standards, reduce administrative burdens, and boost investor confidence in the sector.

StageObjectiveXRPL’s functionIssuanceCreation of investment vehicleRecording ownership and entitlementsMonitoringTracking project performanceVerification of milestonesTriggerRecording specific developmentsTransparent documentation of eventsDistributionAllocating capital to projectsProof of fund movementXRPL’s institutional use cases widenThis recommendation signals a shift in blockchain’s role—from a purely technical tool to a practical solution for administering complex financial assets. Key attributes like XRPL’s low-cost settlement, transparent ledger, and real-time verification capabilities have propelled it into the spotlight for institutional applications.

The report also highlights XRPL’s growing presence beyond cross-border payments, noting its visibility in fields like asset tokenization, lending, and institutional finance. Ripple’s Chief Technology Officer, David Schwartz, has also recently named tokenized loans, securities, and repurchase agreements as major avenues for platform growth.

If the proposal moves into a pilot phase, the CloCos model could become one of the most prominent demonstrations of integrating blockchain into climate finance.

Should a pilot program get underway, this framework could further cement XRPL’s evolution from a payment-focused network into a platform capable of supporting large-scale investment securities, tokenized assets, and institutional-grade financial markets.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

XRP (CRYPTO: XRP) is approaching the psychologically important $1 support as pro-XRP lawyer Bill Morgan argues Ripple is releasing tokens from escrow too slowly.

Why Morgan Wants Ripple To Speed Up Escrow ReleasesRipple locked 55 billion XRP into escrow back in 2017 to give the market predictable visibility into future supply. 

One billion XRP unlocks on the first of every month, and Ripple decides how much to deploy versus re-lock into new escrow contracts at the back of the queue. 

After the June 1 unlock, roughly 61.85 billion XRP sits in circulation against 38.15 billion still locked, a pace some estimates suggest could take nearly nine years to fully distribute.

“Ripple should release more of the 1 billion each month and not lock so much back in escrow,” Morgan wrote on X. 

“The sooner it is all released from escrow and the circulating supply is 100%, the quicker XRP will become the best hard money.” 

His argument centers on supply transparency, not burning tokens, which Ripple has explicitly rejected. He believes a fully circulating supply removes the pricing uncertainty that scheduled future releases create.

Ripple’s own position has historically favored the opposite approach, framing escrow predictability as a feature that institutional partners specifically value since it lets counterparties model future supply without surprises.

XRP Failed The Same Support Zone TwiceXRP on Thursday wicked below $1.01 before bouncing slightly, breaking decisively through the demand zone between $1.08 and $1.11 that had capped both the June 5 lows and a mid-June test.

Failing that zone for a second time marks a serious structural breakdown rather than a routine dip.

Price is trading well outside the lower Bollinger Band at $1.0487, confirming an extreme, stretched move, while the SAR remains deep overhead at $1.2790. 

The descending trendline from May’s $1.55 peak continues to reject every recovery attempt.

XRP sits down 52.64% over the past 12 months, with the November 2025 death cross still fully intact across the 20-day, 50-day, and 200-day moving averages.

Reclaiming the $1.08 to $1.11 zone restarts a recovery attempt toward $1.1398. Losing the $1.00 psychological level opens air toward $0.90, then $0.80.

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The XRP Ledger ($XRPL) has flipped Ethereum as the primary host for $RLUSD supply for the first time since the stablecoin launched. On-chain data cited by @BSCNews shows $801M in $RLUSD sitting on the XRP Ledger, compared to $795M on Ethereum, marking a narrow but historically significant shift in how Ripple's flagship regulated stablecoin is distributed across networks.

A Long Road to the Top The turnaround has been dramatic. By October 2025, approximately 88% of all RLUSD supply sat on Ethereum, with just $91 million on the XRP Ledger. The gap closed steadily from there. Q1 2026 was the first quarter in which RLUSD grew by more on the XRPL (plus $105.4 million) than on Ethereum (plus $15.2 million), signalling that the momentum had genuinely shifted. By June 2026, XRPL stablecoin supply reached $762M, largely driven by RLUSD, before the latest on-chain figures pushed it past the Ethereum figure for the first time.

The initial Ethereum dominance was driven largely by that network's deeper DeFi ecosystem. Ripple added RLUSD to Aave in 2025, helping boost adoption among Ethereum users, while platforms such as Curve and Morpho also supported RLUSD, giving the stablecoin more visibility and utility. Those integrations kept a large portion of supply anchored on Ethereum for most of the stablecoin's early life.

What Is Driving XRPL's Gain RLUSD's strategic advantage on the XRPL is its integration across Ripple's financial products, which provide immediate access for regulated institutional enterprise use in payments, treasury management, prime brokerage, and custody. This allows RLUSD supply to grow from real institutional demand rather than just exchange liquidity. The majority of RLUSD holders are also on the XRPL, with 46,209 on the network compared to 7,821 on Ethereum at Q1 2026 close.

The broader XRPL ecosystem has also been expanding rapidly. The XRPL closed Q1 2026 with an all-time high real-world asset (RWA) market cap of $2.25 billion, up 124% quarter-over-quarter, making it the seventh largest network by RWA market cap. A key institutional proof point came in May 2026 with a tokenized US Treasury redemption pilot involving Ondo Finance, JPMorgan Kinexys, Mastercard, and Ripple, completing a cross-border transaction in 4.2 seconds.

RLUSD is natively issued on both the XRP Ledger and Ethereum blockchains and is fully backed by a segregated reserve of cash and cash equivalents, redeemable 1:1 for US dollars. The stablecoin is regulated under a New York Department of Financial Services trust charter, a compliance posture that has helped attract institutional counterparties to both chains. Whether XRPL can hold and extend this lead over Ethereum's entrenched DeFi liquidity base remains to be seen, but the milestone itself marks a meaningful shift in how Ripple's native infrastructure is being used.

Sources:
Messari: State of XRP Q1 2026
Ripple: RLUSD Stablecoin Official Page
Yahoo Finance: XRPL Ripple Stablecoin Supply Surges to $762M

The Madras High Court has ruled against WazirX redistributing user’s XRP holdings following its 2024 hack, declaring that cryptocurrencies qualify as property under Indian constitutional law.

Summary

WazirX was barred from reallocating 3,532 XRP tokens belonging to an unaffected user under its “socialisation of losses” plan following a $234 million hack. The court rejected WazirX’s argument that its Singapore-based restructuring automatically applied to Indian users, asserting domestic jurisdiction over crypto holdings accessed in India. The court declared that cryptocurrencies qualify as property under Indian law and can be held in trust. WazirX barred from redistributing user’s XRP under its “socialisation of losses” plan The Madras High Court, one of the High Courts of India, has ruled that cryptocurrencies qualify as “property” under Indian constitutional law and are capable of being held in trust. The ruling came in a case involving user holdings on the Indian-operated platform of WazirX, following a major security breach in 2024.

The court heard the plea of an individual whose account held 3,532 XRP tokens that were unaffected by the hack but were set to be diluted under WazirX’s proposed “socialisation of losses” plan. The plan, approved in Singapore as part of a restructuring process, would have spread the losses from the July 2024 hack—reported at approximately $234 million —across all users, including those whose assets were unaffected.

WazirX argued that its Singapore-based restructuring governed its Indian users, but the court disagreed. Justice N. Anand Venkatesh held that the petitioner’s crypto holdings were held “by means of the WazirX platform” in India, and thus the court exercised domestic jurisdiction.

He directed the Indian operator, Zanmai Labs Pvt Ltd, to furnish a bank guarantee corresponding to the value of the frozen XRP while the matter is resolved. The court emphasised that the tokens must remain with the user and cannot be reallocated without proper legal basis.

The Madras High Court’s decision arrives amid India’s slow progress toward comprehensive crypto regulation. While the country enforces a 30% capital gains tax and 1% tax TDS on crypto trades, it still lacks legislation defining ownership rights, investor protections, or exchange accountability.

By treating crypto as property in this decision, the court has provided a crucial legal benchmark that strengthens investor protections and could guide the development of future regulatory frameworks.

For months, XRP holders have watched price action struggle to gain meaningful traction. Yet beneath the surface, two developments are quietly reshaping the conversation around the asset. The latest XRP news centers on Ripple securing preliminary MiCA approval in Europe and a notable shift in Binance transaction behavior that has persisted for an entire week.

Neither event guarantees a price reversal. Still, both point toward growing institutional relevance and changing user behavior at a time when market participants have been searching for reasons to turn constructive.

Ripple Gets Europe’s Regulatory Green LightRipple announced that it has received preliminary MiCA approval to offer regulated crypto payment services across Europe. The approval effectively moves the company closer to legally providing crypto and stablecoin-based payment infrastructure to banks and businesses throughout the European Union.

MiCA is widely viewed as one of the most comprehensive crypto regulatory frameworks globally. According to details shared around the announcement, regulators issued Ripple a “green light letter,” indicating the company has met major requirements while final conditions remain before a full license is granted.

For Ripple, the implications extend beyond compliance. The approval opens the door for broader adoption of its payment technology, including RLUSD, among institutions seeking regulated cross-border settlement solutions.

Institutions Could Finally Join The NetworkThe significance of the development lies in accessibility. European banks and businesses may eventually gain a compliant pathway to use Ripple’s infrastructure for international payments. In an industry often slowed by regulatory uncertainty, obtaining preliminary approval under MiCA provides an important credibility boost.

More importantly, it strengthens the long-term utility narrative surrounding the broader XRP ecosystem. While traders often focus on daily price fluctuations, infrastructure milestones tend to have a longer shelf life than short-lived market hype.

Binance Data Shows A Curious ShiftAt the same time, on-chain activity is telling an interesting story. According to CryptoQuant data shared by Amr Taha, XRP withdrawal transactions on Binance have dominated deposit transactions for seven consecutive days since June 17. On June 23, withdrawals accounted for 53.8% of transaction activity, the highest level recorded since June 2024.

Meanwhile, deposit transactions fell to 46.1%, marking their lowest reading since 2024. The result is a 7.7 percentage-point gap favoring withdrawals.

It’s important to note that this metric tracks the share of transactions rather than the dollar value of XRP being moved. Even so, the persistence of withdrawal dominance stands out because it reflects a sustained behavioral shift rather than a one-day anomaly.

Why XRP Holders Are Paying AttentionMarkets rarely move on a single catalyst. However, a combination of expanding regulatory legitimacy and consistent withdrawal activity is enough to keep investors watching closely.

The XRP price may not be reflecting that optimism yet, but the latest XRP news suggests that adoption and network behavior are moving in a direction many long-term participants would prefer. Whether that ultimately translates into a stronger trend remains the question traders will be monitoring in the weeks ahead.

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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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Shiba Inu marketing specialist, Lucie, addresses the FUD surrounding the delisting of Bone ShibaSwap (BONE) from two centralized exchanges. 

The Shiba Inu community received disappointing news earlier this week after OKX and ONUS announced plans to delist BONE. While OKX suspended BONE deposits on June 30, ONUS halted BONE purchases and swaps on July 1.

As expected, the delisting of BONE from two centralized exchanges sparked concerns among holders, who saw the value of their BONE holdings plummet massively.

Allegations of Manipulative Delisting Notably, Shiba Inu’s marketing lead took to X to address growing concerns about BONE’s delisting. She described the centralized exchanges as “manipulative.”

According to her, the delisting has nothing to do with BONE’s performance. She asserted that BONE isn’t even among the tokens with the lowest trading volumes on either platform. Lucie emphasized that she would not “chase” exchanges to support Shiba Inu ecosystem tokens.

Lucie Slams Centralized Exchanges She also expressed her belief in decentralized finance (DeFi), noting that the Shiba Inu team has been focused on building within the DeFi space, one that doesn’t require invasive identity checks, including KYC or even, as she sarcastically remarked, “blood samples.”.

Despite the delisting, Lucie emphasized that the team is not backing down and will focus on building out the ecosystem. She further took a swipe at centralized exchanges, claiming they usually list tokens that offer ‘big money.”

According to her, this practice enables them to continue promoting low-effort projects that often disappear within a short time.

Lucie also pointed to the failures of once-prominent centralized exchanges like WazirX, FTX, and Hotbit. Although they appeared solid at first, they were eventually exposed or exploited, serving as cautionary examples against overreliance on centralized platforms.

A Familiar Pattern Furthermore, Lucie noted that other major assets, including SHIB and XRP, have faced similar challenges. In particular, she recalled how several U.S.-based exchanges delisted XRP after the SEC filed a lawsuit against Ripple.

However, these exchanges have since relisted XRP after a federal court ruled that its secondary market sales do not violate federal securities laws.

Currently, BONE is down 18.95% over the past seven days, following its delisting from ONUS and OKX. However, it has recovered some of its losses in the past day, with its price soaring 9.5% to $0.1941.

Meanwhile, BONE remains available for trading on other centralized exchanges, such as Gate.io and HTX, which have seen over $2 million in volume in the past 24 hours.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Ripple has highlighted the growing utility of XRP, with Flare co-founder and CEO Hugo Philion explaining how Flare is giving XRP holders access to new use cases.

Speaking on Ripple’s Onchain Economy series, Philion said Flare aims to extend the XRP ecosystem by bringing XRP into a smart contract environment. This allows XRP holders to access decentralized finance (DeFi) applications and other blockchain-based services.

Flare Connects XRP to Smart Contracts Philion described Flare as a Layer-1 network focusing on interoperability and data protocols. One of its key products is FXRP, a bridge that connects the XRP Ledger to the Flare network.

Through FXRP, XRP can be used in smart contract applications. This opens the door to DeFi services that are not available directly on the XRP Ledger.

For example, users can use XRP as collateral, borrow against it, access stablecoins, and interact with tokenized assets. These assets can include commodities such as gold and other real-world assets.

According to Philion, these tools allow XRP holders to do more with their tokens instead of simply holding them.

Given this utility, FXRP has gained wide acceptance in the crypto community. The most recent data show that FXRP has a circulating supply of 155.76 million and a TVL of $186 million.

New Yield Opportunities for XRP Holders Philion also highlighted yield generation as an important use case. Through Flare, users can deposit XRP as collateral to borrow stablecoins. They can then deploy those stablecoins into other markets that offer returns.

This approach allows users to earn yield while still maintaining exposure to their XRP holdings.

Flare has also integrated wallet features that let users manage XRP on Flare directly from the XRP Ledger. Philion said this creates a smoother experience between the two networks.

Privacy May Drive Institutional Adoption Looking ahead, Philion discussed a new initiative called Flare Confidential Compute.

The system operates outside the blockchain and uses trusted execution environments to verify confidential computations. It is designed for applications that require significant computing power, such as AI models and continuous risk-monitoring systems.

Philion believes privacy will be an important requirement for institutional participation in blockchain networks. He previously noted that FXRP surpassed 100 million in supply solely through retail, without institutional participation.

Flare Sees Growth Potential in Tokenized Assets Philion said Flare’s technology significantly expands the capabilities of Ripple and the XRP Ledger, especially in the real-world asset (RWA) sector.

He noted that once RWAs are issued on blockchain networks, Flare’s interoperability and smart contract tools can unlock additional functionality for those assets.

According to Philion, this could become a major growth area for both Flare and the XRP ecosystem as demand for blockchain utility continues to increase.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

After the release of version 3.2.0 of the XRP Ledger core server software “xrpld,” the community has noted a number of issues. The update, which was released on June 15, added performance enhancements, memory optimizations, and security improvements. The most important update was that it renamed the server software as “xrpld” from “rippled.”

Developers Report Bugs On XRP Ledger v3.2.0 The XRP Ledger update was supposed to be a performance improvement and a memory reduction. However, it has already caused some problems for some developers and memory usage concerns for some operators in the project’s GitHub repository.

One of the most significant reports was an operator of nodes who reported that “xrpld” version 3.2.0 had failed to sync with the network. The software continues to be in a “connected” server state and would not have downloaded any ledger data even though the same machine was able to sync when using version 3.1.3, the issue report states. The issue was posted on June 18 and is still pending.

Another bug report came in shortly after release saying that configuration files with inline comments might cause the server to crash when it tries to parse them, which was determined to be a “BadLexicalCast” error. The report indicated that it was the legacy configuration parser that did not succeed in removing comments from some areas containing single value, which resulted in unexpected failures.

The GitHub issue tracker also lists some open bug reports on XRP Ledger that were reported within a few days of the release. These include peer communication issues, resource charging rules, message parsing policies, message compression, consensus-related routing rules, and amendment processing. Project maintainers classified many of the issues as bugs and triaged them.

Other Flaws On The Network In addition to the synchronization and configuration parser problems, node operators detected other bugs in the main server software. XRP Ledger developers reported a transaction relay calculation flaw that can cause transactions to be under-relayed to peers.

Moreover, they spotted a resource charging mechanism that only tracks the highest fee and discards previous fees. It also includes a validator list distribution issue, which sends validator information only to inbound peers, excluding outbound peers.

They also flagged risks of unsigned integer overflow during ledger sequence validation. The XRP Ledger members also saw potential inconsistencies in routing flags for transactions and broken nodes’ ID for proposals linked to ephemeral keys.

Further, they highlighted holes in the logic of ledger tracking that can leave nodes in an unknown state for an indefinite period of time. Some of these have been classified as bugs and are still to be reviewed by maintainers.

The reports have come despite hopes that the June 15 upgrade would actually bring some real improvements in performance. Prior to the launch, community conversations had resounded with the expected 30% to 40% memory usage reduction along with other general code optimizations and fixes.

The XRP Ledger Foundation and its contributors are ongoing with reviewing reported issues via the open source development process. There are no reported bugs that cause network-wide disruption as of this writing, and the issue or issues are still being investigated on their project’s GitHub repository. Currently, 26% nodes have been upgraded on the network.

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Some of the most popular companies in the cryptoeconomy have banded together to create an organization that will assess and rate top cryptocurrency projects on the likelihood of these projects being securities per U.S. federal securities laws.

That organization, the Crypto Rating Council (CRC), counts exchange operators like Bittrex, Coinbase, Kraken, and Poloniex-backers Circle among its first members, as well as the firms of Anchorage, DRW Cumberland, Genesis, and Grayscale Investments.

So why the need for such a body?

The so-called Howey Test, which is a test devised by the U.S. Supreme Court to determine if a given asset is a security, commonly leads to “judgment calls, inconsistent results, and … disagreement among legal experts,” the CRC said on the Frequently Asked Questions section of its new website.

Accordingly, the organization’s rating system — which runs from 1 to 5, with 5 indicating an asset bears the hallmarks of a security and 1 meaning the opposite — is being hailed by members as a “compliance tool” that will help bring consistency to their respective asset review processes.

Founded by prominent companies across the crypto industry, our mission is to lead crypto financial services firms committed to practical compliance with the U.S. securities laws. We are the Crypto Rating Council, and we launched today: https://t.co/FbdwfSZN9D

— Crypto Rating Council (@CRC_Crypto) September 30, 2019

“The CRC will publish a simple rating for most assets it reviews to indicate the results of its analysis as a reference for operators, developers, and the public,” the organization said.

With that said, the ratings are utterly non-binding and have been made without involvement from the U.S. Securities and Exchange Commission (SEC). So, while clarity is the professed goal, the only thing the CRC has ultimately made more clear is what its members think about the legal status of top cryptocurrencies in America.

“The score does not reflect a legal conclusion and is no indication of qualitative value of an asset or suitability for investment or any other purpose,” the CRC said of its ratings.

How the First Scores Look Don’t expect any surprises when it comes to bitcoin (BTC). The oldest cryptocurrency, which has long been held up by various stakeholders as a standard for decentralized projects, received a 1 rating from the CRC.

Other projects the body deemed to have “few or no characteristics consistent with treatment as a security” included DeFi’s darling Dai stablecoin, the popular Monero (XMR) privacy cryptocurrency, and Litecoin (LTC).

The 2 rating was given to the next rung of projects that the CRC deemed to seem mostly decentralized according to its framework. These projects included Ethereum (ETH), Zcash (ZEC), Numeraire (NMR), ChainLink (LINK), and the fledgling proof-of-stake project Algorand (ALGO).

Getting on up there according to the group were projects like Augur (3.75), EOS (3.75), Stellar (3.75), Tezos (3.75), and XRP (4). The highest inaugural scores were given to Polymath (4.5) and Maker (4.5).

Notably, the SEC announced just hours after these ratings were released that Block.one, the team behind the EOS launch, had settled charges and would pay a $24 million civil penalty for its year-long ICO being an unregistered security offering.

The Commission said the securities status only applied to the “IOU” ERC20 token that was issued during the sale rather than the current EOS cryptocurrency, which lives on EOS now rather than Ethereum.

Are Exchanges Listing Securities? One question that immediately started buzzing through the ecosystem on the heels of the announcement of the CRC was why would exchanges like Coinbase take chances on assets like XRP that appear to bear considerable resemblances to a security in the U.S.?

One possibility is that the group’s members consider “security status is binary,” according to Jake Chervinsky, the General Counsel of DeFi lending project Compound Finance. In other words, anything less than a 5 rating would be fair game accordingly.

My best guess: they'd say security status is binary and as a matter of law it doesn't make a difference how close a token comes to being a security if it's ultimately not one.

On that logic, though, query the value of publishing the five-point score in the first place.

— Jake Chervinsky (@jchervinsky) September 30, 2019

But even if the already rated cryptocurrencies later end up being cleared as “not securities” per the SEC, the CRC rating system can lead to future conflicts of interest, e.g. member exchanges being charitable in their ratings because they stand to gain from trade volume.

In my opinion, this rating system creates a massive conflict of interest. All of the companies that joined this consortium are massively incentivized to rate the vast majority of tokens as non-securities. Coinbase listed some very questionable tokens including XRP, Tezos, EOS

— Larry Cermak (@lawmaster) September 30, 2019

But there’s a silver lining here, according to Blockchain chief executive officer and president Marco Santori. In a Twitter thread on the CRC announcement, Santori said the effort was suspect in some ways but was also a positive attempt at self-regulation in an industry that needs more regulatory clarity in general.

8/ So why on earth would they publish this? Why on earth should we applaud their effort?

Well, actually we should.

As an industry, this stuff is basically the best we've got.

THAT'S RIGHT ITS A TWIST

wait hear me out.

— Marco Santori (@msantoriESQ) September 30, 2019

William M. Peaster

William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster

During the previous month, the value of Flare’s native currency, FLR, has increased by more than 165%. By including XRP as an FAsset on its Songbird testnet, the Flare network will be able to include smart functionality. An airdrop reward pool consisting of $260,000 in rFLR is being offered in order to encourage the adoption of Songbird. In preparation for the launch of the mainnet, the blockchain network Flare, which was designed specifically for data, has added XRP to the FAssets on its canary network Songbird.

FAssets is a new development by Flare that offers smart-contract capabilities for blockchains like XRP, BTC, and DOGE, which do not support smart contracts. By including XRP as an FAsset on its Songbird testnet, the Flare network will be able to include smart functionality, which will enable it to demonstrate greater DeFi capabilities.

I want Flare to provide a similar service to XRP that Babylon provides for Bitcoin. I will personally pay a grant of $500k in FLR to a group that builds a fully fledged staking service for XRP on Flare (through FXRP) using Flare’s FDC to slash stake. The purpose would be to allow…

— Hugo Philion ☀️ (@HugoPhilion) December 2, 2024 The innovative bridging method that will be used for this integration is now being tested on Songbird prior to the functionality being rolled out on Flare mainnet. Once it is released, FAssets will make it possible to create robust apps that provide improved capabilities to standard crypto assets. This will be a new door that will open.

The Flare team is of the opinion that FAssets have the potential to revolutionize the way that crypto assets such as XRP and BTC are used within the ecosystem of decentralized finance. In order to offer these tokens with the same usefulness as native smart-contract assets, Flare intends to create a decentralized system that will allow for the minting, trading, and redemption of bridged assets.

An airdrop reward pool consisting of $260,000 in rFLR is being offered by the team in order to encourage the adoption of Songbird. This reward pool will serve as an incentive for agents and collateral pool participants. It is possible to get these rewards by putting the minting, redeeming, and trading processes to the test.

Audits are now being performed on these integrations, and the findings are anticipated to be available by the middle of December.

Whopping 165% increase in Flare during the previous month During the previous month, the value of Flare’s native currency, FLR, has increased by more than 165% in anticipation of the debut of FAsset. It is the 79th biggest cryptocurrency asset, with a market valuation of $1.72 billion and $3.35 of FDV.

As of right now, the price of FLR is hovering around to the $0.033 level, and the 24 hour trading volume for the cryptocurrency is $45.16 million, as per data from Coinmarketcap. FLR reached its all-time high price of $0.0797 on January 10, 2023, marking the day it was driven by bulls.

In the event that the launch of FAssets and the dynamics of the market are favorable, FLR may come back to its prior price gains and come close to breaking to a new all-time high rate. It is anticipated that the next Altseason will bring about a significant increase in the value of a variety of low and mid cap altcoins, including FLR.

An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.

Coreum has announced plans to launch its XRP Ledger (XRPL) cross-chain bridge, which could allow users to move assets between Coreum and the XRPL and potentially leverage the AMM on Coreum.

Bob Ras, the co-founder of Coreum and Sologenic, shared this information in a post on X last night. He disclosed that the XRPL cross-chain bridge from Coreum is on the verge of being operational. This development will enable effortless transfers of all issued assets between the two networks.

It bears mentioning that Coreum already launched its bridge to the XRPL in the fourth quarter of 2022. However, this bridge only allows the transfer of COREUM tokens from the XRPL to the Coreum blockchain. By the end of last year, users had bridged 37 million COREUM. 

The upcoming development is set to expand this capability by also allowing the bridging of all assets from Coreum to the XRPL and vice versa. In a disclosure last December, the Sologenic team teased upcoming advancements to the bridge, including multi-asset support and bigger interoperability capabilities.

According to Bob Ras, with these advancements, assets issued on the XRP Ledger will also benefit from Coreum’s smart token technology. The smart token technology allows users and businesses to issue assets on Coreum with in-built smart contracts functionality.

XRPL Users Could Leverage the Coreum AMM In addition to this benefit, Ras emphasized that the upcoming bridge functionality will also create an opportunity for assets issued on the XRPL, including XRP, to engage actively in AMM pools on Coreum. 

Bob Ras called on builders on Coreum to help facilitate this. In particular, the Coreum co-founder beckoned on Pulsara, a Coreum-based ecosystem featuring an exchange and a token manager, among other services, and Whelp, a fast-growing Coreum-based DeFi hub.

According to Ras, these two entities could try developing a UI for the bridge and launch new pools featuring Coreum-based and XRPL-based tokens so users from both ecosystems can leverage the AMM on Coreum. He highlighted token pairs such as XRP/Coreum, SOLO/XRP, SOLO/Coreum, XRP/USDC, and SOLO/USDC. 

Notably, the XRP Ledger is also looking to welcome its native automated market maker (AMM), with the XLS-30D amendment set to be implemented on Feb. 14. The amendment has already reached the minimum consensus threshold.

Notably, the upcoming advancements to the Coreum bridge and the imminent implementation of the XLS-30D amendment could allow XRPL users to earn passive income with AMMs in both ecosystems.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.