Were used to chaos but here's a smooth ride – Ripple's $RLUSD. Yeah, you heard it right; we're not talking about $XRP this time, but Ripple's new kid on the block, RLUSD
Europe's next move🇪🇺
RLUSD is on the cusp of getting regulatory approval in Europe, with whispers suggesting this could happen any day now. This move could make RLUSD a major player in the EU's crypto scene, especially with Tether facing compliance issues there.
Bank of America connection 🇺🇸
In a surprising twist, Bank of America has been spotted on Ripple's website, linked to RLUSD. It's not just any mention; they've got a patent that hints at using XRP as a bridge asset for international transactions. This could mean big things for RLUSD's adoption in traditional banking circles.
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Ripple has minted an additional 600,000 RLUSD tokens, increasing the total supply of its newly launched stablecoin. According to updates from the Ripple Stablecoin Tracker, Ripple now holds a reserve of $83 million against $77.2 million issued, making RLUSD 7% over-collateralized—a strong signal of financial stability.
Key Highlights
1. Over-Collateralization:
RLUSD’s 7% over-collateralization ensures that the stablecoin remains securely backed, enhancing trust among investors and regulators.
2. Upcoming Attestation Report:
Ripple is set to release its first attestation report this month, which will provide transparency regarding the composition of backing assets. This report will align with Ripple’s commitment to ensuring public trust and compliance.
3. Regulatory Milestone:
RLUSD, which launched last month after receiving key approval from New York regulators, marks a significant step in Ripple’s journey to expand its enterprise blockchain and stablecoin offerings.
Background
Stablecoin Announcement: RLUSD was initially announced in April 2024, with Ripple positioning it as a secure and transparent stablecoin.
Public Launch: The stablecoin’s launch last month was met with considerable excitement, as Ripple continues to gain traction in the enterprise blockchain space.
Why This Matters
The launch and rapid adoption of RLUSD showcase Ripple's growing influence in the stablecoin market and its efforts to align with regulatory requirements. The over-collateralization strategy and forthcoming transparency report could set a new standard for stablecoin issuers, reinforcing trust in blockchain-based financial solutions.
Looking Ahead
As Ripple prepares to release the attestation report, all eyes are on the composition of backing assets. With RLUSD already showing strong reserves and regulatory approval, the stablecoin is well-positioned to compete in the rapidly expanding digital currency market.
#Ripple #RLUSD #Stablecoin #CryptoNews #BlockchainInnovation

An analyst has predicted that XRP could stage a rebound to a new all-time-high thanks to the RLUSD launch, upcoming alt-season, regulatory clarity, etc.The step-down of SEC chair Gary Gensler is expected to trigger a bullish run for XRP as the chance of ETF approval could greatly increase.
XRP’s failure to return to its yearly high of $2.86 has been linked to several technical factors, including the broad market liquidation. However, an analyst identified as Good Morning Crypto believes that the asset could certainly return to the top, as several key bullish factors support this trend. Speaking to his 38.7k followers, the analyst highlighted that the price of XRP could benefit from the potential SEC case resolution, XRP ETFs, RLUSD launch, upcoming altseason, etc.
$XRP INVESTORS – WHAT’S YOUR PEAK PRICE PROJECTION IN 2025?💥📈
List of Bullish Catalysts In 2025:
– SEC case resolution
– Ripple’s stablecoin $RLUSD
– Expansion Of Tokenized Assets
– XRP ETFs
– Regulatory clarity
– New partnerships
– XRPL smart contracts
– U.S. Crypto…
SEC Case Resolution
The recent appointment of Paul Atkins as the replacement of SEC chair Gary Gensler is reported to be a bullish factor for XRP. According to experts, Atkins has a soft spot for crypto, and he could end the longstanding litigation against Ripple Labs.
XRP ETF
WisdomTree recently became the fourth company to seek approval for a spot XRP ETF. According to the filing reported by CNF on December 3, the ETF would use a cash-create method for share creation and redemption. Fascinatingly, the approval rate is reported to be high as the US president-elect, Donald Trump, is reported to favor “American commodities,” including XRP. According to our recent report, Trump has recently been accumulating HBAR, XRP, and BTC, signaling a potential approval of these ETF applications.
RLUSD Launch
Ripple recently announced the launch of its stablecoin RLUSD after the approval of the New York Department of Financial Services (NYDFS). Fascinatingly, this has contributed to a significant surge of activities on the XRPL platform, according to CryptoQuant. Immediately after the launch, XRP surged to $2.7 before taking a nosedive to the current level of $2.0.
Upcoming Altseason
According to analysts, altseason started after Christmas in the previous two cycles. Meanwhile, EGRAG CRYPTO has hinted that XRP could hit $27 within the period. As we disclosed, XRP has just surpassed the 21 Exponential Moving Average (EMA) and could repeat the 50,000% surge recorded in 2017.
Regulations Clarity
XRP remains one of the few cryptos that have been legally cleared as not securities. According to experts, this makes the asset attractive to institutional investors, which positions it for an upsurge in the long run. Additionally, the Donald Trump administration is expected to design a favorable regulatory framework to guide the operation of cryptos.
Tokenized Money Market Fund
Ripple recently launched its first-ever tokenized money market fund through collaboration with the UK-based firms Archax and Abrdn. According to reports, Ripple pledged to commit $5 million to Abrdn’s Lux fund. Meanwhile, the tokenized money market fund is reported to have more than $1 billion in assets under management. For the Senior Investment Manager at Abrdn Duncan Moir, digital securities adoption could drive the next digital market infrastructure.
The next evolution of financial market infrastructure will be driven by the broader adoption of digital securities. Real benefits are to be had from leveraging the efficiency of moving the end-to-end investment and cash settlement process on-chain.
According to Good Morning Crypto, the price of XRP could also be affected by the new Ripple partnerships, XRPL smart contracts, Central Bank Digital Currency (CBDC) integration, crypto market surge, XRPL tech upgrades, Ripple Initial Public Offering (IPO) speculations, US crypto committee, etc.#Ripple #xrp #XRPETFApproval #RLUSD #BTCMiningPeak $XRP

2024 marks a significant turning point for the Ripple and XRP ecosystem, from the prolonged legal battle with #SEC , the strong price increase of XRP, to the high expectations for the ETF fund. Here are the highlights of the past year.

The Ripple vs SEC War Continues

After nearly four years of litigation, the SEC still accuses Ripple of violating securities laws with sales of $1.3 billion from $XRP . However, a ruling last year confirmed that sales of XRP to retail investors do not violate the law.

As the Ripple stablecoin, RLUSD, becomes publicly available, the company has appointed several influential figures to its advisory board.

Among the most prominent names is Raghuram Rajan, a former director of the International Monetary Fund (IMF). This appointment caught the attention of the XRP community, with several commentators discussing the strategic significance of including such high-profile figures in the RLUSD project.

Expertise Rajan Brings to Ripple Stablecoin Advisory Board

Rajan served as the IMF’s Director of Research and Chief Economist from 2003 to 2006. Later, he became the 23rd Governor of the Reserve Bank of India (RBI) from September 2013 to September 2016. While at the RBI, he also became Vice-Chairman of the Bank for International Settlements in 2015.

In 2005, at the Federal Reserve’s annual Jackson Hole conference, Rajan warned about the increasing risks in the financial system. While predicting a potential financial crisis, he suggested measures to mitigate these risks. 

Former U.S. Treasury Secretary Lawrence Summers initial dismissed his predictions, labeling them as “misguided.”  However, after the 2007–2008 financial crisis, Rajan’s warnings were widely recognized as prescient.

In November 2008, Rajan took on the role of honorary economic adviser in India, contributing policy notes. In August 2012, he was appointed Chief Economic Adviser to India’s Ministry of Finance.

Now, Raghuram Rajan is joining the RLUSD advisory board to offer expert guidance on financial, regulatory, and operational matters, helping to ensure the stability and growth of Ripple’s stablecoin. 

Rajan Bullish Comment on RLUSD Launch

Commenting on the launch of RLUSD, Rajan expressed that stablecoins have the potential to become the backbone of payments. According to him, they provide a secure and efficient alternative to traditional systems.

He specifically highlighted that RLUSD, with its focus on compliance and reliability, aims to set new standards for trust and play a key role in shaping the future of payments.

“Joining the Advisory Board allows me to counsel RLUSD as it embarks on its journey in the rapidly evolving financial landscape,” Rajan concluded.

Other Big Names in Ripple’s RLUSD Advisory Board

In the advisory role, Rajan will collaborate with Kenneth Montgomery, former Chief Operating Officer of the Federal Reserve Bank of Boston. 

Besides, Ripple’s RLUSD advisory board already includes notable figures such as former FDIC Chair Sheila Bair, David Puth, Vice Chairman of Partners Capital, and Ripple co-founder Chris Larsen.

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.

#Xrp🔥🔥
#RLUSD
#Ripple
$XRP
$BTC
$BNB

🪙 RLUSD could indeed be a game-changer... not just for $XRP but for how financial institutions perceive and utilize blockchain technology.

However, the real impact will depend on #RLUSD 's ability to maintain stability, expand its adoption, and integrate into Ripple's broader payment solutions. For real...
❗️The coming MONTHS will be crucial in determining whether RLUSD can fulfill its promise as a transformative force in finance.

Ripple has really taken a monumental step by launching Ripple USD ($RLUSD), a stablecoin fully backed by US dollar deposits, government bonds, and cash equivalents. This launch is not just another addition to the crowded stablecoin market but is designed to be a pivotal element in revolutionizing cross-border payments.
🤞
The stablecoin is available on multiple blockchains, starting with the XRP Ledger and Ethereum, ensuring broad applicability and accessibility.

#Xrp🔥🔥
#RLUSDApprovalBoostXRP