Bitget Observes XRP’s 4% Drop Amid Market Volatility as Webus Unveils $300M Crypto Financing Initiative

XRP experienced a notable 4% decline as global economic uncertainty triggered a risk-off sentiment across cryptocurrency markets. The token fell from $2.20 to $2.14, reflecting a broader 3.81% drop in total crypto market capitalization to $3.3 trillion. This movement coincided with significant liquidations exceeding $29 million as traders adjusted positions following a pivotal U.S. court decision on trade policies. Meanwhile, China’s Webus International announced a substantial $300 million financing plan, potentially signaling new institutional interest in the digital asset space despite current market conditions.

XRP Slides 4% Amid Global Economic Uncertainty, Webus Announces $300M Financing Plan

XRP tumbled alongside broader crypto markets as trade policy concerns triggered a risk-off sentiment across financial assets. The token dropped from $2.20 to $2.14, mirroring a 3.81% decline in total cryptocurrency market capitalization to $3.3 trillion. Liquidations exceeded $29 million as traders unwound positions following a U.S. court ruling on Trump-era tariffs.

China’s Webus International revealed plans to raise $300 million for integrating XRP into its global chauffeur network. The initiative will leverage XRP Ledger for cross-border settlements, including driver payouts and loyalty programs through renewed partnership with Tongcheng Travel Holdings.

Ripple’s ecosystem saw concurrent developments with Bitget listing the RLUSD stablecoin and the company publishing research highlighting the $31.6 trillion cross-border payments market. Traditional settlement rails continue facing criticism for inefficiency as blockchain solutions gain traction.

Ripple’s RLUSD Stablecoin Gains Traction with Zero-Fee Campaigns and Global Accessibility

Ripple Labs’ dollar-pegged stablecoin, RLUSD, is rapidly expanding its footprint in cryptocurrency markets. The asset, issued by Ripple-owned Standard Custody & Trust Company, combines regulatory compliance with seamless cross-border functionality. Backed 1:1 by U.S. dollars, RLUSD targets both institutional payment corridors and retail transactions.

Bitget exchange has amplified RLUSD’s accessibility through a strategic listing in its Innovation Zone, pairing the stablecoin against USDT and USDC. The platform is running a seven-day zero-fee promotion, supporting purchases via 140+ fiat currencies including EUR, GBP, and emerging market options like UAH and TRY. This aggressive onboarding campaign eliminates traditional card processing fees through May 29.