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Crypto

Ripple launches RLUSD trading on Turkiye custody platform Inveo Kripto

Ripple’s dollar-pegged stablecoin RLUSD has started trading on Turkiye crypto custody platform Inveo Kripto, marking its first distribution in the country via a bank-custody platform, U.Today reported. Inveo Kripto introduced RLUSD on its mobile app, web platform and over-the-counter service, giving individual and institutional investors multiple channels to trade or access liquidity. The article says broader use cases such as payments and digital asset settlement are possible, but sustained demand will be needed.

Industry

South Korea, 15 countries launch joint response to structural overcapacity

South Korea and 14 other countries have launched a joint response to structural overcapacity, which has emerged as a global trade issue. The Ministry of Trade, Industry and Energy said the countries issued a joint ministerial statement on Oct. 7 in Paris at the OECD headquarters. The statement defined structural overcapacity as a major challenge and set criteria for identifying it, without naming any country. The group will form a consultative body covering five sectors and begin cooperation talks in Paris.

Transportation & Mobility

Uber to buy Delivery Hero for 22 trillion won, bringing Baemin under its wing

Uber will acquire Germany-based delivery platform Delivery Hero for about $14.8 billion, bringing Woowa Brothers, operator of Baedal Minjok, under Uber. Uber will pay 41.5 euros per share in cash through a tender offer, valuing the company at about $14.8 billion. Excluding Uber’s existing stake, the purchase is about $13.7 billion. The deal is expected to close in the second half of 2027 after regulatory reviews.