Chinese Firm Webus International Announces $300 Million XRP Treasury for Cross-Border Payments

In a significant move highlighting institutional adoption of XRP, Chinese travel and mobility giant Webus International has filed a FORM 6-K with the U.S. SEC to establish a $300 million XRP treasury. This marks one of the largest crypto treasury initiatives by a publicly listed Chinese company to date, underscoring growing confidence in XRP's utility for seamless cross-border payments. The company has partnered with Samara Alpha Management to implement this strategic treasury reserve. At the time of reporting (June 6, 2025), XRP is trading at 2.09510000 USDT. This development signals robust institutional interest in XRP's payment solutions and could potentially influence its market valuation moving forward.

Chinese Firm Webus International Plans $300 Million XRP Treasury for Cross-Border Payments

Webus International, a Chinese travel and mobility conglomerate, has filed a FORM 6-K with the U.S. SEC to establish a $300 million XRP treasury. This marks one of the largest crypto treasury bids by a public Chinese company to date, signaling growing institutional interest in XRP for borderless payment solutions.

The company has partnered with Samara Alpha Management to implement the treasury in phases, funded through non-equity financing to avoid shareholder dilution. Webus CEO Nan Zheng emphasized XRP's role in enabling low-cost, real-time settlements for cross-border driver payouts and international bookings.

The initiative is part of a broader transformation that includes building proprietary blockchain infrastructure and expanding overseas operations. XRP will serve as the settlement LAYER for passenger payments and driver earnings, streamlining refunds and eliminating delays.

Why Circle Acquisition May Still Be A Good Bet For Ripple Despite IPO

Circle's IPO debut on the New York Stock Exchange under the ticker CRCL has drawn overwhelming investor interest, with shares oversubscribed 25 times. This frenzy suggests a near $7 billion valuation, prompting venture capitalist Chamath Palihapitiya to urge crypto giants like Ripple or Coinbase to consider acquiring Circle before public trading begins. Palihapitiya argues that a $12–13 billion price tag would be "a steal" given Circle's long-term potential in stablecoin infrastructure, especially as U.S. crypto regulations take shape under the GENIUS Act.

Despite the hype, Circle has denied acquisition interest, emphasizing its focus on public-market growth. The IPO priced shares at $35, with proceeds earmarked for corporate purposes. Institutional confidence remains high, reflecting broader Optimism about stablecoins and regulatory clarity.

Chinese Firm Files $300M XRP Plan with SEC for Crypto Integration

Webus International Limited, a Hangzhou-based tech firm, has submitted a $300 million XRP treasury plan to the U.S. Securities and Exchange Commission. The filing, made via FORM 6-K, outlines the company's intent to integrate Ripple's XRP token into its operations, focusing on cross-border payments and mobility service bookings.

The MOVE follows Webus' Nasdaq IPO in February, where it raised $8 million. Partnering with Samara Alpha Management, the firm aims to establish one of the largest corporate XRP reserves to date. XRP's low fees and fast settlement times align with Webus' global expansion strategy for its AI-driven chauffeur services.

XRP Faces Growing Bearish Pressure, Critical Support at $2.06 Under Threat

XRP has dropped 5.23% to $2.08, signaling intensified bearish momentum as it struggles below key resistance levels. The token now hovers NEAR the lower Bollinger Band, reflecting heightened volatility and downside risk.

Resistance between $2.28-$2.30 remains formidable, while the $2.06 support level emerges as a crucial battleground. A breach here could accelerate losses.

Technical indicators paint a bearish picture—the downward-sloping DEMA and consistent lower highs confirm short-term weakness. Recent rejections at the $2.2984 upper Bollinger Band underscore the persistent selling pressure.