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Breakthrough Moment: PYUSD Joins Stellar to Disrupt Legacy Payment Systems

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Key Takeaways:

  • PayPal is bringing its PYUSD stablecoin to the Stellar network, pending a regulatory nod from NYDFS.
  • Stellar integration aims to enhance global payments, financing, and liquidity solutions for real-world commerce.
  • The move positions PYUSD alongside Ethereum and Solana as a practical tool for cross-border transactions.

PayPal has taken a bold step in advancing its stablecoin utility by announcing the expansion of PayPal USD (PYUSD) onto the Stellar blockchain.

Originally scheduled for June 11, 2025, in New York City, the development is pending the approval of NYDFS. Its light will unlock a pivotal chapter in PayPal’s efforts to develop a digitally convenient currency system usable worldwide.

The network’s integration is a part of PayPal’s focus on incorporating sharper, cheaper, and wider access in its stablecoin strategy. Its blockchain is renowned for cost-efficient transactions paired with rapid settlement speeds, making it perfect for cross-border remittances and real-time payments in previously neglected markets.

PYUSD Gains Powerful Infrastructure for Everyday Use

With Stellar’s already existing on- and off-ramps across the globe, Stellar can now support wider adoption for PYUSD. If Stellar were to launch PYUSD, it would be able to interface with local banking systems and cash systems in more than 170 countries.

Such wide access opens up a myriad of possibilities, such as payments by merchants, remittance services, and financing for small businesses. As stated by the CEO of Stellar Development Foundation, Denelle Dixon, this change can provide stable digital financial solutions to enable millions, particularly in developing countries.

Developers who focus on financial applications now have an easier option than Ethereum or Solana, thanks to Stellar’s low fees and seamless integration. This integration also supports PayPal’s goals of transforming digital payments in underdeveloped markets.

May Zabaneh, VP of PayPal’s blockchain unit, underscored that expanding into new markets means providing real-world functionality, which takes care of an enduring market need for dependable, rapid, and stable payment solutions.

Driving Digital Financing and Real-Time Capital Flow

Stellar’s compatibility further allows PYUSD to serve beyond retail as an engine for financial innovations such as PayFi, or payment financing. This model allows real-time working capital in PYUSD for operational expenses to small and medium-sized enterprises temporarily in exchange for sustainable yield.

Such mechanisms enhance liquidity access where investors can fund short-term needs at sustainable returns. Integrating PYUSD into this structure could enhance global financial efficiency by reducing settlement lags, improving cost transparency, and automating expense reconciliation.

Related Reading | HYPE Price Prediction 2025: Will It Break $90 Before Year-End?

Ethereum Fusaka Upgrade Kicks Off with 8 Game-Changing EIPs

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Key Takeaways

  • Ethereum’s Fusaka upgrade enters the Devnet-1 phase with 8 impactful EIPs centered on scalability, security, and data efficiency.
  • Devnet-2 will follow with 3 additional enhancements, reinforcing Ethereum’s long-term modular vision.
  • Protocol Guild’s contributions show rapid progress across Ethereum’s research, execution, and usability fronts.

Ethereum’s next significant protocol update, Fusaka, is moving from concept to code with the launch of Devnet-1. The first stage of this upgrade features eight Ethereum Improvement Proposals (EIPs) targeting crucial areas like scalability, cost predictability, and execution transparency.

Central among them is EIP-7594, PeerDAS, which introduces a trustless method for data availability sampling, a fundamental step for scaling Layer 2 ecosystems securely.

Two proposals, EIP-7823 and EIP-7883, revisit modular exponentiation gas usage, optimizing its safety and cost across transactions. Another EIP-7825 establishes a cap on transaction gas limits to prevent block-level congestion. Additionally, EIP-7892 enables blob-only forks, separating data-heavy operations from standard transaction flows.

Ether’s base fee logic gets a notable tweak with EIP-7918, which links blob base fees to execution gas levels, allowing better fee forecasting. To aid block producers, EIP-7917 implements a deterministic proposer lookahead, enhancing coordination and minimizing orphaned blocks. EIP-7935 is also included, setting the default block gas limit but flagged as informational.

Devnet-2 to Push Compatibility and Code Growth Limits

Pending the successful deployment of Devnet-1, Ethereum devs plan to roll out Devnet-2 with three more proposals. EIP-7951 introduces a precompile for secp256r1, a cryptographic curve widely used in mobile and web environments, making Ethereum more accessible across platforms.

EIP-7907 expands the contract code size limit, an anticipated change as developers increasingly run up against current constraints when building complex apps. EIP-7934 rounds out the batch by restricting RLP (Recursive Length Prefix) execution block sizes, reinforcing Ether’s decoding safety mechanisms.

Ethereum developers have confirmed that no further EIPs will be added to Fusaka. The current scope is deliberate, aimed at maintaining high-impact changes without overloading the network upgrade.

Protocol Guild Fuels the Fire Behind Ethereum’s Momentum

Apart from Fusaka, active collaboration from Protocol Guild members is accelerating Ethereum’s progress. Tim and Alex are now working R&D-wide with a new structure, with scaling and UX now divided into dedicated teams.

Adrian and Ralex are working on Layer 2 dynamics, while Barnabé Monnot and Rudolf Tanțău are taking care of the Ethereum usability frontier. Contributors like Potuz worked on slot time reduction, while Hagopian and the zkVM team were working on zkVM performance benchmarks.

Soispoke presented designs for anti-censorship fee mechanisms and advanced FOCIL for discussion toward Glamsterdam. Other significant developments include Terence Tsao’s work on blob improvement, Dankrad Feist’s hardware simplification proposals, and Pooja Ranjan’s PEEPanEIP sessions focusing on encrypted mempools expanding the discussions.

Related Reading | Bitcoin’s Cycle Top: Will 2025 or 2026 Mark the Peak?

NEAR Protocol Reaches 46 Million MAUs: Solana’s Next Challenger?

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  • NEAR Protocol hits 46 million MAUs, becoming the second-largest Layer-1 blockchain after Solana.
  • With Nightshade sharding and dApp growth, NEAR scales efficiently for high-performance applications.
  • Despite token price setbacks, NEAR’s market activity shows growing interest and strong user adoption.

NEAR Protocol has achieved one big milestone, with 46 million monthly active users (MAUs) in May of 2025. This has been a massive milestone, and NEAR has become the second-largest Layer 1 blockchain, after Solana. The protocol has experienced high user activity that has surpassed some of the largest blockchain brands, such as Ethereum and Binance Chain.

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The NEAR protocol is safeguarded by a user-centric approach, which explains its expedited development. The protocol offers features such as account abstraction and chain signatures. Such innovations help increase the accessibility of the platform for both new and existing users. Moreover, its attractiveness to a larger audience is increased through the growing ecosystem of decentralized applications (dApps).

NEAR’s Nightshade Sharding Drives Web3 Scalability

The scalability of NEAR is Nightshade sharding technology. The scale of the operations that the protocol can perform without jeopardizing decentralization is enabled by this solution. The support of nightshade for high-performance applications is a changer. It has positioned NEAR in a way that will make it a force in the Web3 ecosystem, particularly within industries such as gaming and blockchain social applications.

The protocol has also experienced high market activity. Conglass showed that the Open Interest of NEAR rose by 8.72%, to $247.06 million. Such an increase in market activity is a definitive sign of growing interest in the protocol as both an investment and development platform. The increasing number of users and market presence indicate that NEAR is making a substantial presence in the blockchain.

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Near Protocol Struggles Despite Growing User Base

Nevertheless, NEAR protocol has encountered some setbacks when it comes to the price of its native token. As of now, the token is changing hands at a price of $2.37, representing a 6.30% decrease in the last 24 hours. However, with the increasing number of users, the token is presently trading lower than both its 50- and 100-day exponential moving averages (EMAs), which shows that the market trend is bearish.

Source: TradingView

Technically, the level of support of NEAR is at $2.20. If the token be able to hold this level, a price recovery is possible. An increase might drive the price of NEAR to $3.20 and even $4.20. Nevertheless, in case the support is violated, the further price falls might occur.

Scalability and user-oriented infrastructure NEAR is an attractive choice of developers and investors. With an increasingly high competition rate in the Layer-1 blockchain environment, NEAR’s developments have kept it in the competition.

Read More: Bitcoin and Ethereum’s Resilience in Q2 Sets Stage for Continued Growth in 2025

Circle’s USDC Now Live on XRPL: Instant Stablecoin Access Without Bridging

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  • USDC is now live on XRP Ledger, enabling direct stablecoin access without any bridging.
  • Circle Mint and APIs support USDC on XRPL, enabling stablecoin liquidity for all users.
  • Over $2 million in USDC has already been issued on XRPL since its official mainnet launch.

USDC, the largest regulated stablecoin in the world, is now available on the XRP Ledger (XRPL), providing developers, institutions, and end users with direct, bridge-free access. Circle announced the launch, which adds the full support of Circle Mint and APIs to XRPL, extending the utility of both the stablecoin and blockchain network to global payments and decentralized finance.

USDC Integration Brings Seamless Stablecoin Transactions to XRPL

The official launch of USDC on the XRPL mainnet by Circle will allow businesses, fintech developers and individuals to access USDC liquidity without requiring bridging from other blockchains. Direct access to USDC is now possible via Circle Mint and Circle APIs enabling users to benefit from the XRPL’s high speed and security.

Real-time payments, cross-border transfers, and other financial applications can now be made with USDC through exchanges, payment platforms and wallet providers. To developers, Circle has ensured that testnet USDC is obtainable through the Faucet and has also created documentation to simplify the process of building DeFi products on XRPL. The migration will make USDC one of the core stablecoins on the XRPL ecosystem, alongside other assets like RLUSD, USDB and EURØP, and support a growing range of digital asset use cases.

Expanding Global Payment and DeFi Solutions on XRPL

USDC is directly integrated with the XRP Ledger which enables easier, low-cost, and immediate on-ramping and off-ramping between fiat and digital assets. Companies can now also make and receive settlements and remittances around the world using USDC. According to XRPL validator Vet, the company has already issued $2 million in USDC on the network, establishing a multi-signature issuer account with institutional compliance functionality.

For decentralized finance, the introduction of USDC enables developers to create trading platforms, lending protocols, and swaps directly on XRPL. The high transaction speeds and low costs facilitate high-volume transactions, increasing liquidity for institutional and retail clients. In addition to USDC, stablecoins RLUSD, EURØP and XSGD increase the appeal of the XRPL to global finance and on-chain applications.

XRPL’s Stablecoin Ecosystem Grows Amid Regulatory Progress

The XRP Ledger is developing as a center of regulated stablecoins and tokenized assets. The launch of USDC follows other stablecoin implementations. Regulatory developments, including the latest development and progress of the GENIUS Act in the United States Senate, accompany it. 

Recently, Ripple CEO Brad Garlinghouse estimated that XRPL would be capable of supporting a significant portion of worldwide payment flow and competing with legacy systems such as SWIFT.

Related Reading |  Crypto Whale Drops $2.48M on FARTCOIN Amid Listing Buzz 

Bank of America Confirms Stablecoin Plans as Senate Fast-Tracks GENIUS Act

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  • Bank of America is developing a stablecoin, pending clarity from U.S. federal regulations.
  • The GENIUS Act passed cloture in the Senate advancing stablecoin rules to final vote stage.
  • Societe Generale launched a U.S. dollar stablecoin on Ethereum and Solana under EU MiCA rules.

Bank of America CEO Brian Moynihan confirmed that the institution is actively building a dollar-pegged stablecoin. Speaking during a financial conference in New York, Moynihan stated that the bank has been working with other industry participants on internal solutions. He emphasized the importance of upcoming federal regulation in shaping the bank’s next steps.

According to Moynihan, the bank of American must be ready even as customer demand for stablecoins remains uncertain. He noted that pending legislation, including the GENIUS Act, could provide the regulatory clarity necessary to move forward. The act, currently under Senate review, aims to establish a uniform framework for reserve quality, redemption policies, and issuer oversight.

Last month, rumors indicated a potential joint stablecoin initiative involving JPMorgan and other institutions. While that collaboration has not materialized, Moynihan’s remarks confirm that Bank of America continues exploring digital asset products independently and in coordination with partners.

Stablecoin Legislation Gains Momentum in the U.S. Senate

On June 11, the U.S. Senate voted 68-30 to invoke cloture on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The vote initiated a 30-hour countdown toward a final decision. The bill requires stablecoin issuers to maintain one-to-one backing with liquid assets such as U.S. Treasuries and segregate customer funds from operating capital.

Senator Bill Hagerty proposed a revised version of the bill that removes a ban on in-kind redemptions and refines oversight rules for non-bank issuers. This substitute bill has drawn broader bipartisan support and may pass with only a simple majority. If approved, the House could vote on the same version avoiding a lengthy reconciliation process.

Moynihan highlighted this legislative movement as critical. He told investors that regulations must provide the necessary infrastructure to assess whether a stablecoin business model is viable. He also warned that failing to act could allow tech firms and non-bank entities to dominate transaction-based deposits.

Global Banks Push Forward With Stablecoin Initiatives

While U.S. lawmakers work on establishing legal clarity, European banks have already moved ahead. On June 10, Societe Generale-FORGE launched its second stablecoin, USD CoinVertible, on Ethereum and Solana. This U.S. dollar-backed token follows the firm’s euro-pegged product launched in 2023.

The French bank appointed BNY Mellon as its reserve custodian and confirmed that trading through brokers will begin in July. The product complies with the EU’s Markets in Crypto-Assets (MiCA) framework. Clients will have access to 24-hour conversion services between dollars, euros, and the token.

Related Reading |  XRP to Disrupt Global Finance Taking 14% of SWIFT Market by 2030

TRON Sets New USDT Stablecoin Transfer Record at $691B

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  • TRON has reached a USDT transfer volume of $691B, dominating the stablecoin transfer volume globally.
  • In May, 27 whale wallets transferred $411B USDT in only 491 transactions.
  • TRON dominates the USDT supply, leaving Ethereum and other blockchain networks far behind.

TRON network has broken a record in USDT transactions after hitting a figure of $691 billion. This record shows the rise of stablecoins and USDT in particular, which is spearheading the trend of crypto adoption. The network is currently processing the highest number of USDT transactions relative to other blockchain platforms.

Whales’ USDT Transactions Soar on TRON

This update is via a post by Maarten, a prominent CryptoQuant analyst, who posted detailed charts from CryptoQuant displaying the influx in activity. One graph monitors the number of interactions per month and the value transferred when using USDT on TRON, showing a high of $694.5 billion in May and a minor decline in June.

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Source: X (@JA_Maartun)

It represents a particularly active time in terms of trading and transfers, with $411 billion of that amount belonging to large investors, so-called whales. A lot of this activity is being facilitated by these large actors.

27 whales facilitated more than half of the USDT volume on TRON in May, summing up to $411.2 billion across only 491 transactions.

The other chart displays the bigger picture of the transaction count of TRON over the years which is a gradual increase since 2018 to 2025. More than 10.5 billion transactions have been executed on the network. This figure is constantly increasing, in particular, with rising utilization of USDT.

TRON Leads in Stablecoin Dominance

Stablecoins, such as USDT, are playing a crucial role in cryptocurrency use by providing stability during fluctuations in the market. The success of TRON can also be confirmed by market capitalization: the network has the largest amount of this stablecoin in all chains at 75.7 billion USDT.

For comparison, it has $71.4 billion on Ethereum and $54.1 billion on other chains, as recent data shows. There have been also 17 mints of over $1 billion of USDT on the network this year, and that momentum is accelerating, since we are just halfway through 2025.

This increase is the indicator of a change in the use of crypto.

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Source: X (@JA_Maartun)

Related Reading |  XRP to Disrupt Global Finance Taking 14% of SWIFT Market by 2030

XRP to Disrupt Global Finance Taking 14% of SWIFT Market by 2030

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  • Ripple CEO Brad Garlinghouse predicts XRP could capture 14% of SWIFT’s market share by 2030, driven by faster, cheaper cross-border payments.
  • XRP offers near-instant, low-cost transactions, contrasting with SWIFT’s slower, costlier infrastructure.
  • The coin nears legal clarity after a prolonged SEC battle, potentially clearing the path for broader institutional adoption.

XRP is on track to claim a significant foothold in the global financial ecosystem, with Ripple CEO Brad Garlinghouse predicting that the token could capture up to 14% of SWIFT’s market share within the next five years.

With a market capitalization of $136 billion, XRP currently ranks as the fourth-largest cryptocurrency. But according to Garlinghouse, its role in reshaping international payments could be far greater than its rank suggests.

At the center of Ripple’s vision is a head-to-head challenge with SWIFT, the decades-old interbank messaging system that facilitates the vast majority of cross-border financial transactions. SWIFT is deeply entrenched, used by more than 11,000 financial institutions across over 200 countries.

But while SWIFT remains the industry standard, it suffers from major inefficiencies. Transactions typically take 1–5 days to complete and come with steep costs and limited transparency. XRP, by contrast, settles transactions in seconds and does so far more economically, two factors that Ripple believes could catalyze a paradigm shift.

XRP vs SWIFT in Global Finance Disruption

Garlinghouse underscored the key difference in Ripple’s strategy by highlighting SWIFT’s two core functions: messaging and liquidity. “I care less about messaging and more about liquidity,” he noted. “If Ripple drives all the liquidity, it’s good for the coin.”

This emphasis reveals Ripple’s long game: moving beyond just transaction messaging to owning the actual movement of value across borders. By addressing liquidity, the ability to quickly convert between currencies without impacting the price, Ripple aims to resolve one of the biggest challenges in global finance.

Forecasting that the coin will take 14% of SWIFT’s market share by 2030 is ambitious. Yet Ripple’s growing network of institutional partnerships lends some weight to the projection. Financial institutions worldwide are increasingly experimenting with blockchain solutions to streamline international payments, and the coin is positioned as a leading candidate.

Still, the dominance of SWIFT cannot be understated, and XRP, despite its rapid tech advancement, remains a relatively new player in the cross-border payments space.

XRP Nears Legal Clarity After Years of SEC Battle

XRP’s path has not been without controversy. In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, alleging that the coin was an unregistered security. The case dragged on for years, casting uncertainty over XRP’s future in the U.S. market.

However, with Donald Trump’s recent return to the White House, legal analysts expect a shift in regulatory posture. A long-awaited settlement now appears to be within reach, potentially removing one of the biggest clouds hanging over XRP’s trajectory.

At the time of writing, XRP is trading at $2.29. While short-term price movements remain volatile, the long-term narrative is gaining momentum, especially in light of Ripple’s ambitions to transform global finance.

XRP 1D graph coinmarketcap 18

If Garlinghouse’s vision becomes reality, the coin won’t just be another crypto asset, it could become the foundation for a faster, cheaper, and more efficient global payments infrastructure.

Related | Nasdaq Files First 21Shares SUI ETF, SEC Review Process Begins

Ripple Expands XRP Ledger Research in Asia with New UBRI Grants

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Key Takeaways

  • Ripple has committed over $5M to boost blockchain education across Asia-Pacific.
  • UBRI now spans 60+ universities, including Taiwan’s first partner, NKUST.
  • Academic research is driving innovations on the XRP Ledger and beyond.

Ripple is deepening its long-term academic outreach in the Asia-Pacific region, adding new partnerships and investments under its University Blockchain Research Initiative (UBRI). With a fresh infusion of more than $5 million, UBRI’s reach now extends to 13 institutions in APAC and over 60 universities worldwide.

The initiative is Taiwan’s first expulsion through a grant to the National Kaohsiung University of Science and Technology (NKUST), Professor Echo Huang. The collaboration will be on the tokenization of physical assets on the XRP Ledger, Ethereum, and Solana ecosystems.

The commitment forms part of a broader strategy in support of blockchain education and research and development within digital finance hubs. Countries selected by Ripple include South Korea, Japan, Singapore, Taiwan, and Australia for their advanced regulatory environments as well as technologically savvy student populations.

In South Korea, UBRI renewed its $1.1 million partnership with Korea University, collaborating with leading researchers such as Professors Ik Rae Jong and Dong Hoon Lee on important work in blockchain sharding and zero-knowledge proof technologies.

Kyoto University in Japan and the University of Tokyo have recently shared over $1.5 million in Ripple-backed funding for research into decentralized systems.

Ripple Expands Blockchain Programs in Singapore

The modular AI ecosystem on the XRP Ledger, sponsored by UBRI, is being developed by Singapore’s Nanyang Technological University Professor Yang Liu. The partnership further consolidates Ripple’s long-term commitment to the National University of Singapore, whose blockchain programs have tripled since the initial grant.

Professor Hyunok Oh from Hanyang University in Korea is investigating improved efficiencies of zk-SNARKs, UBRI’s foray into Australia includes continued collaboration with the Australian National University and a new grant to Victoria University.

Projects at ANU include legal research on decentralized technologies and operation of an XRPL validator, while hands-on blockchain curricula will be developed by Victoria University. Taken together, these institutions form a robust talent pipeline that cultivates anisce the workforce needed to drive the next wave of blockchain innovation.

From Research Labs to Real-World Solutions

The proof of Asia-Pacific’s leadership in fintech and digital innovation is the implementation of Ripple’s global strategy. With over $11 million already invested in APAC, UBRI-backed initiatives are bringing academic theory to life through practical experimentation on blockchain networks.

Whether it’s studying legal frameworks at ANU or exploring NFT privacy solutions at Korea University, Ripple’s university partnerships are cultivating innovations that may one day reshape the world financial system.

This year’s UBRI Connect, which took place at the National University of Singapore, reflects this momentum with researchers from 28 countries coming together in an attempt to reshape the academic frontier of blockchain.

Related Reading | Altcoins Set to Surge: Bitcoin’s Record High Could Boost Ethereum & More

Bitcoin Network Hits 1.5-Year Low: Is a Major Shift on the Horizon?

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  • Bitcoin network activity hits a 1.5-year low, signaling potential market change as calm precedes action.
  • Retail demand drops over 5%, with Bitcoin trading volume on CEXs falling to October 2020 levels.
  • Long-term Bitcoin holders accumulate 847.2K BTC, while Ethereum futures reach new highs, signaling shift.

The activity on Bitcoin’s network has greatly decreased, reaching its lowest point in 1.5 years. CryptoQuant indicates that the Network Activity Index has recently decreased to 3.47k, suggesting a significant slowdown in the network. A low level of on-chain activity indicates a change in the market. According to analysts, these periods of calm usually mark the beginning of a busy time in the markets.

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Retail investor demand is also at a lower level now. The number of BTC transactions from $0 to $10K has dipped by more than 5%. This indicates that fewer small investors are showing interest in the market. 

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Bitcoin Retail Activity Slows as Market Faces Stagnation

This indicator, treated frequently as an indicator of retail activity, suggests that small BTC investors are losing interest. Centralized exchange trading volumes have returned to the levels seen in October 2020, indicating a decline in retail activity recently.

The reduced number of activities on the blockchain and lower trading volume on spot markets suggest that the Bitcoin market is struggling to attract people organically. Though the demand for Bitcoin ETFs is increasing, BTC trading has stalled across the blockchain and CEXs. 

The lack of significant moves is giving rise to wondering about the future of Bitcoin’s price. While things are calm in the market, different developments continue in the background.

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Source: X

A significant shift has been observed in people holding onto their coins for an extended period. Long-term investors have gained over 847.2K BTC in the supply. The fact that these coins have remained unchanged for over 155 days indicates that they are owned by investors who plan to hold onto their cryptocurrency for an extended period. 

The movement back to Bitcoin mentioned last occurred in September and October 2024, hinting at people’s confidence in its future. BTC has remained scarce because a lot of long-term holders are not selling, for now.

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Source: X

Ethereum Futures Soar as BTC Activity Slows

At the same time, Ethereum’s open interest is reaching new records. Interest in Ethereum futures has reached a new record of 7.17 million ETH. The sharp increase suggests there is lots of interest in futures contracts, with traders paying close attention to Ethereum. More futures trading is happening now than it did for the same period last year. It suggests that more small investors are diving into trading futures.

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While the current activity on the blockchain is limited, many BTC investors remain committed to the long term. Futures trading in Ethereum is growing stronger and stronger. The sudden decrease in Bitcoin’s network activity could suggest a big change ahead. As futures trading rises and investors keep building their holdings, the market may be on the brink of changing.

Although the number of Bitcoin transactions has decreased, people are increasingly holding BTC for a longer period and participating in futures markets. This stage of low trading often indicates that something significant may be on the horizon in the market. Investors and traders should pay attention to possible signs of greater trading activity in the months to come.

Read More: Bitcoin Price Surge: Will It Reach $130,000 by June? Experts Weigh In

Ripple Joins Guggenheim to Launch US Treasury-Backed Digital Paper on XRP Ledger

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  • Guggenheim’s DCP is now live on XRPL, backed by Treasurys and rated Prime-1 by Moody’s.
  • Ripple invests $10M to support DCP launch, boosting RLUSD’s institutional utility.
  • Tokenized Treasurys on public blockchains surpass $7B as Wall Street embraces RWAs.

US investment manager Guggenheim has taken another step into blockchain-based finance by expanding its digital commercial paper (DCP) product through a new partnership with Ripple. Bloomberg reported that Guggenheim’s subsidiary, Guggenheim Treasury Services, will now make its US Treasury-backed fixed-income asset available on the XRP Ledger (XRPL).

Ripple will support the launch with a $10 million investment and plans to enable direct purchases using its RLUSD stablecoin. DCP is a full US Treasury-backed product with customizable maturities of up to 397 days. Guggenheim’s initiative follows its previous blockchain project of tokenizing $20 million in commercial paper on Ethereum in September 2024.

Moreover, the newest expansion utilizes the public XRPL blockchain, which has low transaction costs and rapid settlement, to make institutional investors more efficient and accessible.

RippleX executive Markus Infanger stated, “We’re at a tipping point where tokenization is evolving from experimentation to production in global financial markets.” He observed that the new product is designed to scale regulated financial instruments for institutional use, signifying a clear shift in industry adoption.

Wall Street Backs Tokenized Treasuries

Wall Street is progressively embracing the tokenization of tangible assets, including US Treasuries and money market funds. BlackRock, Franklin Templeton, and Fidelity have introduced tokenized offerings that facilitate trading and settlement on public blockchains. These innovations seek to minimize friction, enable instant settlement, and broaden access for a wider array of investors.

As per RWA.xyz, the value of tokenized US Treasurys is above $7 billion. Some of the products, such as the BUIDL fund launched by BlackRock, serve institutional clients with high minimums. Still, new protocols, such as Midas, are looking to provide a more accessible alternative. Guggenheim’s DCP, which has already handled over $280 million in volume since its initial launch, is now live on XRPL. The product holds a Prime-1 rating from Moody’s, which is the highest for short-term debt.

The platform on which DCPs are issued, Zeconomy, allows institutional purchasers to choose their maturities and to deploy DCP as part of their cross-border treasury management solutions. Zeconomy CEO Giacinto Cosenza highlighted that the expansion to XRPL merges traditional finance with blockchain, creating real-world on-chain solutions for institutions.

Ripple Expands RLUSD and Real-World Asset Access

Furthermore, Ripple is increasing its presence in real-world asset tokenization infrastructure and product investments. Its RLUSD stablecoin which launched in December, already has a supply of over $350 million and is available on Ethereum and XRPL. Ripple’s involvement in projects like Ondo’s OUSG and money market funds on Archax demonstrates a sustained push to bridge institutional finance and crypto networks.

DCP only offers its product to qualified institutional buyers and purchasers. It is a yield-bearing asset, rated highly and collateralized by the U.S. Treasuries. Issued through a bankruptcy-remote vehicle, DCP provides enhanced investor protection and meets strict regulatory standards.

Related Reading | Bitcoin Ban as Connecticut Implements Major Government Investment Restrictions