Search results for Wormhole
Crypto
XRP Ledger trading concentrates in fewer accounts as per-account volume triples
Trading on the XRP Ledger became more concentrated in fewer accounts over the past year, a report showed. Daily trading accounts on the decentralised exchange order book fell to 1,111 from 1,864, while average daily volume per account rose about threefold to 3,217 XRP. Average daily order-book volume climbed 79 percent to 3.57 million XRP, and its share of total DEX trading rose to 81 percent. The report also cited growth in RLUSD and net inflows into U.S. XRP spot ETFs.
Crypto
Ripple RLUSD links with cross-chain infrastructure Squid, giving access to 20,000 tokens
Cross-chain infrastructure platform Squid has integrated Ripple\'s stablecoin RLUSD, enabling users to swap assets across blockchains in a single transaction. Squid said its routing layer connects RLUSD to more than 100 blockchains and more than 20,000 tokens, allowing direct swaps from assets such as USDC, USDT, ETH and XRP without separate bridging, token wrapping or multi-step trades. RLUSD is issued on XRP Ledger and Ethereum and expands to Ethereum layer2 networks.
Crypto
Ripple burns $55.9 million of RLUSD in 7 days, expands business amid slower issuance
Ripple’s dollar-pegged stablecoin RLUSD has shown a net-burn trend, with $55.9 million burned over the past seven days against $8.8 million issued, U.Today reported. On-chain activity has slowed from early June levels, but Ripple is expanding RLUSD’s use through cooperation with Wormhole, payment network linkups including Mastercard’s plan, new partnerships in Turkey, and research support with Istanbul Technical University.
