XRP News: Ripple Integrates RLUSD into Global Payments Platform and Lists on Kraken

Ripple has made significant strides in expanding the utility of its US-pegged stablecoin, RLUSD, by integrating it into its enterprise-grade cross-border payments platform. This move not only enhances the efficiency and scalability of international payments but also coincides with RLUSD’s listing on the popular cryptocurrency exchange, Kraken. Here’s a closer look at this latest development in the world of XRP.

XRP News Today: Kraken Lists RLUSD as Ripple Integrates Stablecoin into Global Payments

Ripple has officially integrated its US-pegged stablecoin, RLUSD, into its enterprise-grade cross-border payments platform. This move expands RLUSD’s utility within Ripple’s global transaction infrastructure, enhancing efficiency and scalability for international payments. The integration coincides with RLUSD’s listing on Kraken, increasing its accessibility to both institutional and retail users. This development is expected to drive further adoption of RLUSD across Ripple’s network, which spans over 90 payout markets with connections to banks, financial institutions, and payment service providers worldwide.

XRP Nears Topping Pattern, Potential Downtrend to $1.07: Technical Analysis

Payments-focused cryptocurrency XRP is trading close to a support zone NEAR $2, indicating a possible head-and-shoulders topping pattern. This pattern, comprising three peaks with the middle being the highest, suggests a trend change from bullish to bearish if prices move below $1.90-$2 range. A breakdown could see prices halve to $1.07, according to analyst Peter Brandt. Chart analysts use the measure move method to identify such targets.

Ripple IPO Speculation Intensifies

Ripple has not officially announced a date for its Initial Public Offering (IPO), but industry experts predict it could happen within the next 12 to 18 months. The speculation intensified after Ripple withdrew its cross-appeal against the SEC, resolving legal uncertainties around XRP. While CEO Brad Garlinghouse confirmed that an IPO is a natural next step, he also noted it’s not a top priority, with the company currently focusing more on acquisitions. However, favorable regulatory conditions and growing investor interest may accelerate the IPO timeline.

RLUSD Sees $100M Minted on Ripple Payments Boost, XRP in Focus

Over $100 million in Ripple USD (RLUSD) has been issued since April 1, marking one of the highest levels in recent months. The surge in demand for the stablecoin came as Ripple added RLUSD to its official payments product, with payment providers BKK Forex and iSend already using it. A $50 million tranche of RLUSD was issued on Tuesday, followed by another $50 million late Wednesday. Industry leaders anticipate that RLUSD will further shift crypto market dynamics, potentially competing with upstarts like tether (USDT) and USD Coin (USDC). Additionally, XRP Ledger-based decentralized financial (DeFi) applications could see a boost in traction as RLUSD gains popularity, which may also increase demand for the XRP token. RLUSD is a stablecoin pegged 1:1 to the U.S. dollar.