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Former Ripple CTO says XRP rebound hinges on wider financial adoption of XRPL

Former Ripple Chief Technology Officer David Schwartz said XRP demand and value are likely to rise if the XRP Ledger (XRPL) gains wider use in financial services. He said it was unlikely XRPL could be highly successful in financial applications while XRP lacked strong demand, unless one dominant settlement asset emerged. Participants also discussed the fee-burn mechanism, saying it was designed to prevent spam and had limited direct impact on price.

Crypto

Mastercard praises Ripple\'s RLUSD at XRPL hackathon

Mastercard publicly gave a positive assessment of Ripple’s stablecoin RLUSD at an XRP Ledger hackathon held in New York. Blockchain outlet U.Today reported that Mastercard representatives reacted favorably while outlining partner pitch requirements. An XRPL community member posted that Mastercard praised RLUSD during the session. The 36-hour event focused on autonomous payments using AI agents and included more than $40,000 in prizes, with several firms involved in mentoring and judging.

Crypto

Banks or non-banks? Last-minute tug of war over won stablecoin issuers

As discussions to institutionalise won-denominated stablecoins near the final stage, South Korea is debating how broadly to allow issuers. Authorities are consulting on issuer eligibility, reserve assets and redemption systems under the planned Digital Asset Framework Act. One option would allow issuance by consortia in which banks hold a majority stake. The Bank of Korea supports introducing private won stablecoins but stresses risks to financial markets and monetary policy as scale grows.