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CryptoNewsLand
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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.
https://twitter.com/AbsGMCrypto/status/1840170717079363948
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.
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.
https://twitter.com/AbsGMCrypto/status/1840170717079363948
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.
LIVEDemotrid
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Bullish
xrp: Ripple issues 1 billion tokens per month, so there are 44 months left until the release, that is, 3 years and 8 months. when 100 billion are in circulation, Ripple will no longer be able to smooth and stabilize the price of XRP. In order to be attractive to new partners, the price must be the same for all institutions. but when the circulation is full, the fluctuations will not depend on the number of tokens, but on the price of XRP.
In addition, the process of burning 0.00001xrp for XRP will reduce the supply.
In conclusion, after 3 years and 8 months, the value of the token will increase sharply because it will create a global network of partners and the supply will reach its peak and then decrease.
Some figures from today's world:
The CIA estimates that there are $ 275,000 billion in money in the world, growing at 14% per year. Swift at peak times moves $5 trillion per day and a total of $150,000 billion per year.
This is not fake, just a Google search on serious sites. So for those who say this is fake news, in this case I will say that the world is only fake news and conspiracy.
$BTC $SOL $BNB #Bitcoin #binance #BTC #Ethereum #LEDGER
👇👇👇
In addition, the process of burning 0.00001xrp for XRP will reduce the supply.
In conclusion, after 3 years and 8 months, the value of the token will increase sharply because it will create a global network of partners and the supply will reach its peak and then decrease.
Some figures from today's world:
The CIA estimates that there are $ 275,000 billion in money in the world, growing at 14% per year. Swift at peak times moves $5 trillion per day and a total of $150,000 billion per year.
This is not fake, just a Google search on serious sites. So for those who say this is fake news, in this case I will say that the world is only fake news and conspiracy.
$BTC $SOL $BNB #Bitcoin #binance #BTC #Ethereum #LEDGER
👇👇👇
See original
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
#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
See original
My prediction @Binance Indonesian @Binance News #BTC $BTC 55.000#CryptoExplorerFiestaand #BTCPricePrediction
See original
#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
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
See original
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.
#dyor #BTC #XRP
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.
#dyor #BTC #XRP
See original
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.
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.
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