Search results for Wormhole
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.
Crypto
XRPL tokenised assets expand; former Ripple CTO says RWA, stablecoins are growth pillars
Former Ripple Chief Technology Officer David Schwartz said the role of the XRP Ledger (XRPL) is expanding from a payment-focused blockchain into tokenised financial infrastructure. He said XRPL now supports stablecoins, tokenised real-world assets and other issued assets. XRP community figure BankXRP cited rising indicators such as RWA market value and daily transactions, and said RippleUSD is operating on more than 40 blockchains. Data from rwa.xyz also showed increases in asset values, holders and tokenised assets.
Crypto
Crypto unicorns see market value plunge after listing, some down as much as 99%
Major crypto projects valued at more than $1 billion in private investment rounds have seen their market capitalisation plunge after listing, with some down more than 99 percent, an analysis showed. Data cited by BeInCrypto showed 10 projects now have market caps of $7 million to $294 million, down 88 percent to more than 99 percent from their last venture valuations. Scroll recorded the biggest fall, while Starknet saw the largest loss by value.