Ripple’s RLUSD has reportedly become the first stablecoin to receive an investment-grade credit rating from Moody’s. The agency assigned RLUSD an A2 long-term rating and a P-1 short-term rating. P-1 is the highest possible short-term grade under Moody’s stablecoin framework. Jack McDonald, SVP of Stablecoins at Ripple, announced the development in a post on X. […]
XRP whales have held the largest share of the token’s supply since November 2022. Wallets holding at least 10 million XRP now control 46.87 billion tokens, or around 68.5% of the total supply. The increase comes as the price struggles near $1.3. According to Santiment, this shows that large holders continue to accumulate despite the […]
It was a packed week for Ripple and XRP, with Evernorth making its long-anticipated Nasdaq debut after a major merger, Standard Chartered and Cross River expanding RLUSD access, and Ripple Prime pushing further into Wall Street. None of those developments helped the company’s native asset mark any gains – just the opposite. Wall Street and […]
Evernorth has announced its first institutional execution partners as the XRP-focused treasury company prepares to put its holdings to work. The company has teamed up with Ripple, Kraken, Coinbase, and BitGo. Together, they will help Evernorth deploy its 473 million XRP treasury into institutional strategies starting in the fourth quarter of 2026. Institutional Investment Push […]
Ripple is moving deeper into Wall Street’s leveraged ETF business, with its prime brokerage arm providing swap financing to funds that use derivatives to amplify bets on stocks and indexes. A recent Wall Street Journal report shows how the crypto company is entering a fee-heavy part of traditional finance where banks have long dominated, while […]
During the recently concluded conference in Asia, Ripple highlighted how the XRP Ledger is being prepared for a new wave of institutional and developer adoption, with confidential transfers, transaction batching, and dedicated infrastructure for AI agents among the key upgrades. The company aims to expand the network beyond simple payments and toward more complete institutional […]
Ripple’s cross-border token remains highly appealing to institutional investors, while whales have also accumulated a significant amount of tokens lately. Despite these positive factors, XRP has slipped 8% after a red wave swept through the broader market. Meanwhile, one of the company’s top executives shared the stage at the MESA Forum with representatives from financial […]
The US Senate failed to advance the Digital Asset Market CLARITY Act on Tuesday, falling short of the 60 votes needed to send the bill toward a final vote. Ripple CEO Brad Garlinghouse says the setback stings, but it won’t change what his company is doing. Garlinghouse Calls the Vote a Missed Opportunity Writing on […]
Swiss-based asset manager 21Shares has outlined its investment case for XRP, citing regulatory clarity, institutional access, growing XRPL utility, and a predictable supply. Nevertheless, it outlined one major risk, which continues to haunt the underlying asset. Why Bullish on XRP? Given Ripple’s years-long battle with the US Securities and Exchange Commission and the favorable outcome […]
All crypto eyes have turned to the two major events next week (and the CPI inflation data on Friday), with some favoring the FOMC meeting, while others put more emphasis on the CLARITY Act vote on September 15. The XRP community appears to be in the second camp, as the countdown to the vote has […]