Ripple’s RLUSD Stablecoin Expands Utility as Collateral on Hidden Road Network
Ripple’s newly launched RLUSD stablecoin has taken a significant step toward broader adoption, now serving as collateral on the institutional credit network Hidden Road. This strategic move follows Ripple’s $1.25 billion acquisition of Hidden Road and highlights the growing integration of RLUSD into global financial infrastructure. Below is a detailed analysis of this development and its implications for XRP’s ecosystem.
XRP News: Ripple’s RLUSD Stablecoin Gains Utility Boost as Collateral Asset
Ripple has announced that its RLUSD stablecoin will be used as collateral in Hidden Road, a credit network acquired by Ripple for $1.25 billion. This marks a significant development for RLUSD, which was launched just over four months ago. Hidden Road offers services to institutions globally, and using RLUSD as collateral is expected to boost its utility.
Jay Clayton Assumes Role as U.S. Attorney for Southern District of New York
Jay Clayton, the former Securities and Exchange Commission (SEC) chairman known for his aggressive stance on cryptocurrency enforcement, has assumed a powerful new role as U.S. Attorney for the Southern District of New York. His appointment places him at the helm of one of the nation’s most consequential prosecutorial offices, with jurisdiction over Wall Street and a history of high-profile financial cases. During his SEC tenure, Clayton oversaw 57 crypto-related enforcement actions—most notably the landmark lawsuit against Ripple Labs, which accused the company of conducting an unregistered securities offering. That case, filed in 2020, now appears close to resolution. Clayton’s move to the Southern District signals continued scrutiny of digital assets, blending his regulatory experience with the office’s legacy of policing financial markets. Legal observers anticipate his influence could shape enforcement priorities, particularly as the SEC under Gary Gensler maintains its crackdown on the crypto industry.
XRP Ledger Foundation Issues Urgent Patch for Compromised SDK
The XRP Ledger Foundation has released an urgent patch for a critical vulnerability in its official JavaScript SDK. The vulnerability could have allowed attackers to steal private keys and drain cryptocurrency wallets. The foundation removed the compromised code and restored SAFE functionality in an updated version of the XRP Ledger npm package. The xrpl npm package is used by developers to interact with the XRP Ledger, manage wallets, send transactions, and build decentralized applications. The update came after blockchain security firm Aikido flagged suspicious activity in newly published versions of the library.
XRP Price Targets $2.7 amid Massive Breakout Attempt
XRP is currently trading around $2.22, marking a 7% rise in the past 24 hours. The cryptocurrency’s 24-hour trading volume has doubled, reaching $4.77 billion, indicating increased market activity and investor interest. Crypto analyst Dark Defender explained that XRP may be nearing the end of its Wave 4 correction in the broader Elliott Wave cycle on the weekly price chart.
