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Crypto

XRP Ledger app transactions surge but new wallets and price stall

Application-related transactions on the XRP Ledger are rising rapidly, with weekly source tag transactions up 28.6 percent from the first week of tracking and daily volumes topping 120,000 at a recent peak. The number of active source tags has also increased. However, weekly new wallets remain largely unchanged at 12,400, and XRP has fallen 6 percent over the same period, trading around $1.06.

Crypto

BlackRock, Mastercard, Franklin Templeton add to big-money moves around XRPL

Global financial heavyweights including BlackRock, Mastercard and Franklin Templeton are reviewing potential uses of the XRP Ledger (XRPL), a blockchain outlet reported. Odellia Torteman of XRPL Commons said interest is growing. She said XRP serves as a core asset for transactions and payments and as a bridge asset for value transfers between different assets on the network. Ripple has disclosed pilots with partners, including tokenised fund and settlement tests using its RLUSD stablecoin.