#XRPnews They are building power for Global Adoption launching Stable coin RLUSD when all is Mature XRP will 🚀...this is like a planned story
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XRP ETF Revolution coming soon: JPMorgan Integration Signals a New Era for Crypto Adoption
🚀🚀🚀!!XRP ETF Revolution coming soon!! 🚀🚀🚀 Brad Garlinghouse, CEO of Ripple, sees the launch of an XRP ETF as inevitable, especially following the 📈 surge in Bitcoin ETFs, which have attracted over $21 billion in capital. This momentum has paved the way for similar products like an XRP ETF, which Garlinghouse believes could boost liquidity in the XRP market and strengthen institutional investor confidenceTimes TabloidCryptonews. ⚖️ Despite ongoing legal battles with the SEC, Ripple's position has been bolstered by a U.S. court ruling that sales of XRP to retail investors are not considered securities. However, regulatory uncertainty remains for institutional sales. Nevertheless, companies such as Bitwise and Canary Capital have already filed applications for XRP ETFs, indicating a growing belief in the token's futureTimes TabloidCryptonews. In addition to these developments, JPMorgan Chase has integrated XRP into its payment systems as of 2024. 🏦 The bank now allows customers to use XRP for credit card 💳 and mortgage payments 🏡, reflecting a broader trend among financial institutions to leverage XRP and Ripple’s technology for streamlining cross-border 🌍 and domestic payments. This move is aimed at reducing transaction costs and speeding up processes. Moreover, JPMorgan is actively exploring XRP's potential to improve global payment systems, which are currently seen as costly and inefficientTimes TabloidCryptonews. These shifts suggest that XRP, despite regulatory challenges, is increasingly being adopted, particularly by major financial institutions like JPMorgan. An XRP ETF could further drive adoption and trigger a new wave of capital inflows, shaping the future of the cryptocurrency market.
Ripple’s RLUSD Stablecoin Now Listed on Coinbase but Not Tradable Yet
Ripple aims to regain its position in cross-border settlements after legal challenges.
RLUSD is currently in beta testing and has already discarded some tokens.
Stablecoins like RLUSD connect digital currencies with stable money and help users avoid price swings.
Ripple has introduced its new stablecoin . Recently, Coinbase announced it has listed the token on its platform. However, trading for this coin has not started yet. This situation has sparked confusion among shareholders and crypto enthusiasts. Many are eager to understand the implications of this listing for Ripple and the broader digital wallet community.
Ripple’s Private Battles
Ripple aims to regain its footing in the international payments business. The company faced serious challenges after the U.S. Securities and Exchange Commission filed a criminal complaint against it in late 2020. The class action questioned whether Ripple's digital asset XRP is an unregistered derivative. Recently, the firm celebrated a partial victory in court. The judge ruled that it does not qualify as a security but ordered Ripple to pay $125 million in fines, which is a substantial reduction from the $2 billion sought by the SEC.
As Ripple prepares for the coin's official launch, CEO Brad indicated it could happen in the coming days. Currently, RLUSD is in beta testing. So far, it has recorded the burning of 24 securities on the XRP platform and 64 currencies on the Ethereum chain. This bilingual operation shows its strategy to ensure RLUSD works well across multiple devices.
Future of RLUSD
Important details about RLUSD remain unclear. Information about the total supply and whether it has a capped limit has not been shared. Ripple wants to position itself as a vital rival in the developing stablecoin economy. This segment is projected to reach $2.8 trillion by 2028, while the total market capitalization of all digital stocks is around $2 trillion.
Stabilized tokens play an important role in the cryptocurrency framework. They connect volatile digital currencies with stable fiat currencies. By pegging their value to stable reference points, they should provide predictable assets. This reliability attracts users who want to avoid drastic price fluctuations seen with assets like Bitcoin and ETH.
Stablecoins in the DeFi Sector
Additionally, stabilized currencies are gaining traction in the free-market financing industry. They serve as reliable mediums for specific applications, such as lending and borrowing. As the DeFi sector expands, the demand for stable assets continues to grow. Stablecoins also enhance liquidity in cryptocurrency trades. They allow traders to move quickly in and out of positions without needing to convert to fiat.
The anticipation surrounding the coin could influence Ripple's future substantially. Investors wonder how this currency will reshape the digital finance landscape.
The post Ripple’s RLUSD Stablecoin Now Listed on Coinbase But Not Tradable Yet appeared first on Crypto News Land.
Follow me to get lots of wild Assumptions in the world#Cryptocurrrency #XRPnews . Indirectly the Launch of the XRP Documentary film is one of Ripple's marketing strategies, proving and convincing the World that Banking innovation through XRP for cross-border transactions is part of a promotion or Advertisement.
#BlockchainRevolution Like Binance which uses BNB and BUSD complement each other, it will also happen on#XRP XRP with its Stable coin RUSD (Real USD) And $500 🚀 - $10,000 is a fair price Balanced with the technology itself #DYORAlways
#Ethereum #bitcoin #XRPVSSEC Will you be patient with the uncertainty of regulations in the US🤔 Maybe #Tetap Be patient a little more and you will become rich in your investment
#XRPVSSEC Is a case that determines all future frameworks for Crypto Assets that are accepted by the wider community. #btchalvingimpact Halving This year is my final opportunity to invest because in the last 10 years I have not seen satisfactory results. I am very disappointed with XRP and Ripple as well as the SEC, they should sit down together and build clear rules because investors like me need clear rules in investing. I will never Sell my Assets... even let it go to 0 Zero and be destroyed in the uncertainty of the Rules... But what is certain is that I will not add any more assets...And this is the last time #halvingbtc
#Binance #XRP Political situation, and current circumstances must force the SEC and Ripple to settle, and we will see Etherum overtake at $1000 and be approved first #XRP Etf Spot will be here soon 🚀#Binance
Tips for Beginners Investing in CryptoCurrency #BTC #XRP#ETH 🔥🔥🔥🚀🚀
1. Don't be Fomo with small coins or stable coins whose technology and developers are unclear. 😏 🚀🤣
2. Cryptocurrency that has good value or is technologically advanced with its blockchain, and the usefulness of an asset itself does not guarantee good financial results from the developer... 💰 Scam alert!!!😱
3. Select the Cryptocurrency coin market cap asset in the position Number 1 - 10 Large Global Market 💰🔥
4. Use cold money, saving money is fine but divide it into several assets that you think have potential💰60% save in crypto assets and 40% save manually (in emergency funds, if you are a typical investor, not a trader)🤗
5. Consistently put aside, also put aside 💰🔥💪Patience is the key 😎🥰
6. Learn to compare market analysis every 1, 3 and 5 years 💰 There are always similarities.
Bitcoin is a friend of paper money, 🤔🤑🙂Not a substitute, but only a companion 🤑
Crypto is not money, nor can it replace currency in a country. Cryptocurrency only represents the value of paper money. Where users in the lower middle class will continue to use paper currency for shopping. Cryptocurrency will only be a transaction tool, to minimize the circulation of fiat money (Paper money) in society. Being a companion does not mean being a substitute but only makes buying and selling transactions easier in society.#Youcould say Bitcoin and other cryptocurrencies are digital gold.
#dyor SEC Retreats From High-Stakes Lawsuit Over XRP Cryptocurrency
WASHINGTON—The Securities and Exchange Commission on Thursday said it would drop its lawsuit against two cryptocurrency executives who oversaw $1.5 billion in sales of a digital coin known as XRP, in a move that boosts the industry’s battle against traditional regulation.
The dismissal of civil claims against Brad Garlinghouse and Chris Larsen, who were sued for assisting Ripple Labs’s sales, will likely encourage wealthy crypto defendants to fight regulators in court. At the same time, the SEC’s withdrawal from the case preserves its resources for bigger lawsuits it has filed against crypto giants Coinbase and Binance. The SEC filed the lawsuit against Ripple, Garlinghouse and Larsen in December 2020, when XRP was the third-largest cryptocurrency by market value. The SEC’s lawsuit was a cornerstone of the agency’s high-stakes campaign to regulate crypto through enforcement actions. The SEC disclosed the move to fold its case against the executives in a filing in Manhattan federal court.
Crypto firms say they can’t easily comply with Wall Street-style regulations and have mostly opposed the SEC’s approach. Nonetheless, many crypto companies have paid big fines to settle SEC claims that they illegally sold securities. Ripple was an exception, with Garlinghouse and Larsen gambling that they could beat the government in court.
The cost of paying high-price lawyers to fight off regulators encourages many companies to settle. But Ripple and the two executives had the wherewithal and incentives to fight. Garlinghouse earned $150 million from his sales of XRP and Larsen earned $450 million.