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Crypto

Ripple targets financial infrastructure with RLUSD to expand XRP Ledger payments

Ripple is expanding use of the XRP Ledger (XRPL) inside existing financial infrastructure by promoting its stablecoin RLUSD. XRPL validator Vet said blockchain is reshaping global finance and that the ledger will be part of that shift. Ripple said it will integrate RLUSD with Cross River Bank to support transactions on XRPL and enable around-the-clock payments and settlement. Ripple also cited RLUSD’s growing market value and announced new institutional trading services and partnerships.

Crypto

Altcoins outperform bitcoin after U.S. rate hike, analysis shows

Altcoins posted larger gains than bitcoin after a U.S. rate hike, an analysis showed. Binance Research said market advances in both stocks and cryptocurrencies were concentrated in certain sectors as rising real yields drove U.S. Treasury moves. It said the median gain of 194 crypto assets was 21 percent, beating bitcoin and ether. In the past week, crypto prices weakened, while flows into stock-linked products favored semiconductors and other sectors.

Crypto

Tether joins Kazakhstan digital finance pilot to pursue tenge stablecoin, RWA

Tether signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau city authority to pursue a tenge-linked stablecoin pilot and a real-world asset tokenization model. The parties plan to review stablecoin issuance cases in other countries and prepare a concept and pilot proposal, but have not named an issuer or a timeline. Kazakhstan is also expanding crypto-linked investments and running separate stablecoin and property tokenization pilots.