Ripple Labs
Cross-border payments. Issuer of XRP. Custodies/escrows large XRP supply.
Dec 2020: SEC sued Ripple over unregistered XRP sales. July 2023: judge ruled programmatic sales weren't securities; institutional sales were. Aug 2024: $125M penalty (vs SEC's $1B+ ask).
Ripple outlined how the XRP Ledger Lending Protocol would provide institutions with a novel way to structure loans directly on-chain.
A proposed XRPL standard would let institutions borrow against tokenized assets, with the blockchain enforcing loan terms while the underwriting stays with human credit teams. It still needs validator approval to go live.
Ripple's Brad Garlinghouse called Strategy's preferred-stock funding model "financial engineering" that distracted the market, pointing to STRC's slide to a record low as the evidence. He runs the company behind XRP, a bitcoin rival.
"Financial engineering does not drive long-term value ... long-term value of any digital asset is going to be driven by utility," said Garlinghouse.
Japan's financial regulator cleared the U.S. dollar-backed token as a new category of payment instrument, letting SBI VC Trade offer it to institutions and retail. RLUSD remains small, at about $1.7 billion.
Ripple's RLUSD stablecoin is available through SBI VC Trade for both institutional and retail users in the country.
The license will enable Ripple to offer its stablecoin payment systems to European companies and expand into broader crypto functions.
Ripple secures preliminary CASP approval in Luxembourg ahead of July 1 MiCA deadline as companies race for EU crypto licensing.
Bitcoin miners double down on AI, tokenized RWAs top $43 billion, Ripple strengthens its African payments network and Sam Bankman-Fried loses his appeal.
Cross-chain platform Squid has integrated Ripple's RLUSD stablecoin, allowing users to swap into and out of RLUSD across chains and assets.
Ripple’s investment in Flutterwave will bring RLUSD, Ripple Payments and XRPL to one of Africa’s largest fintechs as blockchain remittances gain traction.
The deal values Flutterwave at $3.2 billion, and will integrate Ripple's RLUSD and the XRP Ledger network to speed cross-border payments across Africa.
Ripple backs Flutterwave's $3.2 billion Series E with RLUSD and XRP Ledger integration across 34 African markets through investment.
The XRPL AI Starter Kit gives developers tools for agent payments, but early x402 activity has clustered on Base and Solana. Ripple’s bet is that XRPL’s speed, low fees and RLUSD can win a piece of that flow.
Ripple's Brad Garlinghouse spoke out against JPMorgan CEO Jamie Dimon and his comments on the key piece of crypto legislation.
The companies are pairing MXNB and RLUSD on the XRP Ledger to support institutional payments between the United States and Mexico as stablecoin adoption grows across Latin America.
Mastercard's Agent Pay for Machines is designed to let AI buy services and settle transactions using cards, bank accounts, and stablecoins.
A growing number of companies, including Ripple, want to create payment rails which would AI agents to execute transactions with limited human involvement.
More than 200 organizations, including Coinbase and Ripple, urged Senate leaders to advance the Clarity Act to a floor vote.
XRP fell another 7% after losing key support levels, with traders weighing growing institutional demand against one of the token's weakest technical setups in months.
Mastercard said it's deepening its commitment to the "always-on" economy, buffing out its stablecoin settlement capabilities.
Former Stripe engineer Saikat Chakrabarti lost his bid to succeed Nancy Pelosi in California to a candidate backed by Ripple's Chris Larsen.
BiLira, Bitexen and Bitlo will make Ripple’s RLUSD stablecoin available to Turkish institutions.
The planned vehicle would be the largest XRP-focused digital asset treasury yet, even as investor appetite for token accumulation stocks has weakened after the recent crypto selloff.
USAT's market cap jumped above $140 million in April, though it remains well behind Circle's USDC, PayPal's PYUSD and Ripple's RLUSD tokens.
The Digital Chamber rejected accusations from Sen. Warren that crypto firms were "improperly" granted national trust charters.
The Digital Chamber urged the OCC on Tuesday to defend its recent national bank charter approvals for crypto firms, which Sen. Elizabeth Warren slammed as improper.
Squid is preparing to launch a new consumer product aimed at making it easier to access and manage crypto assets, Fig told The Block.
In a letter to the Comptroller of the Currency, Warren argued nine national trust bank charter approvals for crypto firms violated the National Bank Act.
Last year, the OCC granted conditional approvals to Circle, Ripple, BitGo, Fidelity, and Paxos, as well as other firms more recently.