Latest news with #RippleUSD
Barnama
5 days ago
- Business
- Barnama
Bitget Lists Ripple USD (RLUSD) To Expand Stablecoin Offerings On Spot Market
VICTORIA, Seychelles, May 29 (Bernama) -- Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Ripple USD (RLUSD) on its spot trading platform. RLUSD, an enterprise-grade USD-backed stablecoin issued by Ripple, enters the Bitget ecosystem at a time when demand for secure and compliant digital assets continues to rise, particularly among institutional participants and developers focused on enterprise-grade blockchain use cases. As a stablecoin pegged 1:1 to the U.S. dollar, RLUSD is natively issued on both the XRP Ledger (XRPL) and Ethereum, leveraging the unique strengths of each blockchain. The asset is backed by a segregated reserve held in USD fiat and cash equivalents. Bitget's decision to list RLUSD aligns with its strategy to support strong, high utility-driven assets across its growing spot market, which serves as a curated space for projects that advance blockchain adoption through real-world applications.
Globe and Mail
5 days ago
- Business
- Globe and Mail
Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin Offerings on Spot Market
VICTORIA, Seychelles, May 29, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Ripple USD (RLUSD) on its spot trading platform. RLUSD, an enterprise-grade USD-backed stablecoin issued by Ripple, enters the Bitget ecosystem at a time when demand for secure and compliant digital assets continues to rise, particularly among institutional participants and developers focused on enterprise-grade blockchain use cases. As a stablecoin pegged 1:1 to the U.S. dollar, RLUSD is natively issued on both the XRP Ledger (XRPL) and Ethereum, leveraging the unique strengths of each blockchain. The asset is backed by a segregated reserve held in USD fiat and cash equivalents. Bitget's decision to list RLUSD aligns with its strategy to support strong, high utility-driven assets across its growing spot market, which serves as a curated space for projects that advance blockchain adoption through real-world applications. 'We're excited to partner with Ripple, a team that has consistently pushed forward the adoption of crypto,' said Gracy Chen, CEO of Bitget. 'RLUSD stands out as one of the few stablecoins issued by a NYDFS-chartered limited purpose trust company, placing it in a uniquely clear regulatory framework. This is particularly important for institutions seeking transparency and compliance in today's evolving digital asset landscape. Listing RLUSD also aligns with our 2025 strategy to expand institutional offerings and build a more robust, trusted ecosystem.' The RLUSD listing on Bitget expanded access and offered a trusted trading venue for one of the industry's most closely monitored digital assets. Bitget continues to scale its listings to support the increasing demand of the crypto market. The integration of RLUSD responds to the ongoing wave of stablecoins gaining popularity as critical tools in decentralized finance (DeFi), gaming, and tokenized asset ecosystems. With an extensive selection of over 900 crypto pairs and a commitment to broadening its offerings, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON. The addition of RLUSD signals a strategic move to embrace regulated stablecoins's becoming a gateway to trade innovative crypto projects. To know more about RLUSD on Bitget please visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For media inquiries, please contact: media@ Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use. About Ripple Ripple is the leading provider of digital asset infrastructure for financial institutions and other enterprises—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple's solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record of working with regulators and policymakers around the world, Ripple's payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world creates, stores, manages and moves value.
Yahoo
20-05-2025
- Business
- Yahoo
Ripple CEO alleges Senator Lummis canceled meeting, won't reschedule
Ripple CEO Brad Garlinghouse has claimed that Sen. Cynthia Lummis (R-WY) — who chairs the Digital Assets Subcommittee — cancelled a meeting with him and won't reschedule. The billionaire CEO, well-known for leading the blockchain and payments firm Ripple, urged Sen. Lummis, as "a leader in Congress and Senator from one of the most crypto-friendly states," to be "a leader for ALL of crypto." He invited Sen. Lummis to join him either virtually or onstage for a conversation to fulfill the Trump administration's goal of making the U.S. the crypto capital of the world. Sen. Lummis is a well-known crypto advocate who introduced the BITCOIN Act to establish a strategic Bitcoin reserve. Ripple CEO also told his followers on X that he was heading to Washington to support the "sensible pro-crypto" stablecoin and market structure legislation. He added that he was very encouraged to see the elected officials look at crypto as a multichain industry, "as it should be." A stablecoin is a type of cryptocurrency that is created to maintain a stable value, unlike traditionally volatile cryptocurrencies such as Bitcoin. It is usually pegged to a traditional currency like the US dollar or a commodity like gold. On Dec. 17, 2024, Ripple also launched its stablecoin Ripple USD (RLUSD). Note that the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act is expected to be debated in the Senate on May 19. Introduced by Sen. Bill Hagerty (R-TN), the bill is sponsored by Senators Cynthia Lummis, Tim Scott (R-SC), and Kirsten Gillibrand (D-NY). The GENIUS bill has faced roadblocks — most notably due to Democrats, including Sen. Elizabeth Warren (D-MA), opposing it — owing to President Donald Trump-linked USD1 stablecoin. Ripple has been making news on multiple fronts of late. The firm's ongoing securities violations case faced a shocking turn on May 15 as the court denied its settlement motion. On the other hand, it marked a positive turn of events on May 19 as the Chicago Mercantile Exchange (CME) launched XRP futures. As per Kraken, XRP was trading at $2.37 at the time of writing.
Yahoo
16-05-2025
- Business
- Yahoo
Prediction: XRP Could Be Worth $600 Billion in 5 Years
XRP is up almost 25% for the year amid rising investor sentiment about its future growth prospects. The fast-growing stablecoin industry could be the key to expanding the number of use cases for XRP. XRP continues to widen its role in cross-border payments, due to the cost advantages and efficiencies of blockchain technology. 10 stocks we like better than XRP › XRP (CRYPTO: XRP) has been one of the top-performing cryptocurrencies of 2025. It's now up almost 25% year to date, and currently trades at a price of about $2.54, giving XRP a total market cap of $150 billion. That's just the beginning of XRP's resurgence. The world's third-most valuable cryptocurrency could quadruple in price and be worth $600 billion within just five years. Here's one way that it could play out. On the surface, a $600 billion valuation for XRP might appear unrealistic. After all, that's twice the current valuation of Ethereum. So let's do a little math and consider the following question: How fast would XRP need to grow on a year-over-year basis to hit a market cap of $600 billion within five years? The numbers might surprise you. XRP would need to grow at an annualized rate of 15% to double in price within five years. It would need to grow at an annualized rate of 25% to triple in price. And it would need to grow at an annualized rate of 32% to quadruple in price. When you start to think about XRP from this perspective, the $600 billion number makes a lot more sense. The hard part is finding new business opportunities that are capable of growing at a fairly brisk 30% rate during the next five years. The first huge opportunity for XRP involves stablecoins. These are dollar-pegged cryptocurrencies that are designed to track the value of the U.S. dollar on a 1-to-1 basis. Theoretically, the value of a stablecoin pegged to the U.S. dollar should always be $1. The good news is that stablecoins happen to be one of the fastest-growing segments of cryptocurrency. The total value of the stablecoin industry is now $230 billion. According to the Brookings Institution, that's a more than 10-fold increase from $20 billion in 2019. So this is exactly the type of fast-growing business opportunity that XRP needs. As you might have guessed, Ripple, the company behind the XRP token, has been making aggressive moves into the stablecoin industry. In December, it launched a stablecoin of its own, known as Ripple USD (CRYPTO: RLUSD). Then, in April, it made a $5 billion acquisition bid for Circle, the company behind the enormously popular USDC (CRYPTO: USDC) stablecoin. Brad Garlinghouse, chief executive officer of Ripple, has become a vocal champion of stablecoins, and has spoken out about the need for comprehensive new stablecoin legislation within the U.S. Garlinghouse sees what other crypto leaders see: Stablecoins are the key to bridging the worlds of traditional finance and blockchain finance, and opening the door to new opportunities on Wall Street. XRP is the token of the Ripple payment network, which is based on blockchain technology. The most obvious application for this network is to send payments cheaply and efficiently across borders. However, Ripple has in mind a much bigger use case than just sending money to family and friends living abroad. Ripple envisions a future where the XRP blockchain ledger could eventually replace the legacy SWIFT (Society for Worldwide Interbank Financial Telecommunication) payment network for financial institutions. In an interview with Maria Bartiromo of Fox Business, Garlinghouse said SWIFT is 50-year-old technology that badly needs an overhaul. Right now, more than 11,000 financial institutions in 200 different countries use SWIFT every day. Imagine if the XRP token were suddenly at the heart of this thriving business. If all else fails, there's always a chance for a Ripple initial public offering (IPO). As of now, Ripple executives vigorously deny any plans to raise capital via an IPO. However, this topic continues to be raised within the XRP investor community. Admittedly, until this year, a Ripple IPO would have been unthinkable. That's because Ripple has been engaged in an epic court battle with the Securities and Exchange Commission over the status of XRP. For more than four years, the SEC argued that XRP is a security and that selling it without registering it with the agency violated securities laws. But with the arrival of a pro-crypto White House, the SEC has changed its tune and now says that it is dropping its case against Ripple. A Ripple IPO could potentially have a huge impact on the price of XRP. Theoretically, any capital raised could be used to build out the XRP payment network, acquire new digital assets, or expand business opportunities worldwide. And all that new activity would be enormously bullish for the price of the XRP token. So just how realistic is this scenario of XRP quadrupling in value and hitting a price of $10? After all, in more than a decade, XRP has never once surpassed $4. A lot obviously needs to go right. The good news, if you're an XRP investor, is that the SEC regulatory clouds have parted, and that has created a unique opening for Ripple to pursue potential fast-growth business opportunities. Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $620,719!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,511!* Now, it's worth noting Stock Advisor's total average return is 959% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Dominic Basulto has positions in Ethereum, USDC, and XRP. The Motley Fool has positions in and recommends Ethereum and XRP. The Motley Fool has a disclosure policy. Prediction: XRP Could Be Worth $600 Billion in 5 Years was originally published by The Motley Fool
Business Wire
05-05-2025
- Business
- Business Wire
Ripple Pledges $25M to Support U.S. Classrooms and Teachers
SAN FRANCISCO--(BUSINESS WIRE)--Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced a $25 million commitment to leading education nonprofits DonorsChoose and Teach For America. This funding will equip young Americans and educators alike with the resources needed to improve academic outcomes, build economic resilience and thrive in a rapidly evolving job market. Despite clear links between grade-level literacy and lifetime economic opportunity, many classrooms still face significant challenges in accessing adequate resources to enable all students to fulfill their academic potential. According to a 2024 Gallup survey, 55% of U.S. parents and adults are dissatisfied with the quality of K-12 education in America, reflecting broader concerns about constraints and gaps in funding for education. Ripple's commitment aims to help bridge this gap by supporting students, teachers and staff with the resources to re-build confidence and deliver results in the classroom. 'Ripple has always championed financial and educational access for all, and we're partnering with some of the most impactful organizations – DonorsChoose and Teach For America – to benefit thousands of classrooms across the U.S.,' said Brad Garlinghouse, CEO of Ripple. 'Together, we hope to inspire others to do the same, starting with Teacher Appreciation Week, and leading into the rest of the year to support students and teachers with the resources they need to build a stronger future for themselves and their communities.' In a first-of-its-kind initiative, DonorsChoose and Teach For America will accept the majority of the $25 million grant in Ripple USD (RLUSD), Ripple's U.S. dollar-backed stablecoin. Stablecoins are quickly emerging as a practical method for disbursing funds, becoming the most widely used type of crypto-enabled payment mechanisms and representing over half of all onchain transaction volume in recent months according to Chainalysis data. As crypto-enabled payments become more prevalent, the ability for charitable organizations to utilize these technologies directly within their own networks through platforms such as The Giving Block will become increasingly valuable. Ripple is partnering with DonorsChoose and Teach For America to support innovative, high-impact initiatives throughout the year, including funding thousands of classroom projects and teacher requests during Teacher Appreciation Week starting today, Teach For America's Ignite tutoring program nationwide, and a national STEM Innovation Challenge. These partnerships will also support new initiatives focused on financial literacy, helping students and educators across the U.S. build strong academic foundations and economic mobility in a rapidly evolving job market. "Teachers are going the extra mile for their students' education, even spending hundreds - sometimes thousands - of dollars out-of-pocket for their classrooms," said Alix Guerrier, CEO of DonorsChoose. "Through their initiatives, Ripple is directly providing teachers with the resources their students need for the best education. Students will not only get their hands on materials that will enhance their learning, but they will also have the tools to help set them on the path to a bright future." 'We're deeply grateful to Ripple for this transformative support,' said Aneesh Sohoni, CEO of Teach For America. 'This funding will expand our Ignite Tutoring Fellows program, drive innovation in our Reinvention Lab, and provide crucial financial assistance to thousands of new corps members during their teacher preparation. With Ripple's partnership, we're advancing our mission to ensure every child has access to an excellent education and the opportunity to thrive." Ripple's commitment to financial literacy and education builds on its broader mission to drive meaningful impact through philanthropy and crypto-enabled solutions. Since 2018, Ripple has contributed over $200 million to global initiatives, with nearly 80% of employees participating in giving and volunteering programs. By supporting hundreds of nonprofits, mission-driven fintechs, and leading universities through its University Blockchain Research Initiative, Ripple continues to drive long-term, positive change worldwide. Those interested in fueling the future of teachers and K-12 classrooms can donate RLUSD, XRP and other cryptocurrencies via The Giving Block at About Ripple Ripple is the leading provider of digital asset infrastructure for financial institutions—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple's solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record working with regulators and policymakers around the world, Ripple's payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world tokenizes, stores, exchanges, and moves value. About DonorsChoose DonorsChoose is the leading way to give to public schools. Since 2000, 6.4 million people and partners have contributed $1.7 billion to support over 3 million teacher requests for classroom resources and experiences. As the most trusted crowdfunding platform for teachers, donors, and district administrators alike, DonorsChoose vets each request, ships the funded resources directly to the classroom, and provides thank yous and reporting to donors and school leaders. Charity Navigator and GuideStar have awarded DonorsChoose, a 501(c)3 nonprofit, their highest ratings for transparency and accountability. For more information, visit About Teach For America Teach For America works in partnership with communities across the country to reach One Day when every child has access to an excellent education. Founded in 1990, Teach For America finds, develops, and supports a growing network of leaders who expand opportunity for children from classrooms, schools, and every sector and field that impact a young person's education. Today, Teach For America is a force of over 70,000 alumni, corps members, and Ignite fellows working in pursuit of profound change so that one day every child has the opportunity to learn, lead, thrive, and co-create a future filled with possibility. Teach For America is a proud member of the AmeriCorps national service network. For more information, visit and follow us on Facebook, LinkedIn, Instagram, and Threads. About The Giving Block The Giving Block, a Shift4 company, is the platform helping nonprofits fundraise more effectively from modern philanthropists. Pioneers of the 'Crypto Philanthropy' movement, The Giving Block developed the leading solutions for cryptocurrency donations, taking crypto and NFT donations mainstream in the nonprofit sector. The Giving Block's team then developed a stock and DAF giving experience built to empower even more donors to give. When combined, The Giving Block's product suite empowers more donors than ever to give assets to their favorite causes. Today, thousands of nonprofits are using The Giving Block to fundraise from modern philanthropists. Learn more about The Giving Block here.
