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 […]
Blockchain
TRON Sets New USDT Stablecoin Transfer Record at $691B
Whale activity and the dominance of stablecoins have pushed TRON to set a new USDT transfer record with $691B, pulling ahead of Ethereum in total USDT volume and utilization.
XRP to Disrupt Global Finance Taking 14% of SWIFT Market by 2030
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, […]
Ripple Expands XRP Ledger Research in Asia with New UBRI Grants
Key Takeaways 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 […]
Bitcoin Network Hits 1.5-Year Low: Is a Major Shift on the Horizon?
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 […]
Ripple Joins Guggenheim to Launch US Treasury-Backed Digital Paper on XRP Ledger
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 […]
Hong Kong Pilots Chainlink Protocol for Cross-Border CBDC and Stablecoin Settlement
Hong Kong partners with Chainlink, Visa, and ANZ to pilot cross-border CBDC and stablecoin transactions using blockchain interoperability protocols.
Hyperliquid Surges As Binance Teases Listing HYPE Token
Binance has sparked speculation of a new token listing as the platform highlighted Hyperliquid’s recent performance. After Binance hinted at a possible integration, the trading volume of HYPE tokens went up 20%. Meanwhile, Hyperliquid’s ecosystem continues to grow as traders look for faster and cheaper options. After Binance mentioned HYPE for the second time in […]
XRP Set to Surge As RLUSD Ignites Ledger Liquidity Boom
Key Takeaways: In a recent market commentary, financial researcher Max Avery underscored the tightly woven connection between Ripple’s XRP and the rising stablecoin RLUSD, suggesting both are becoming critical components in a new generation of financial infrastructure. RLUSD, built for utility on the XRP Ledger (XRPL), doesn’t operate in isolation; it acts in tandem with […]
Apple, X, Airbnb, and Google Explore Stablecoin Payments for Cheaper Global Transactions
Prominent tech giants such as Apple, X, Airbnb, and Google are currently exploring partnerships with cryptocurrency firms to incorporate stablecoins into their payment infrastructures. Reports from Fortune Crypto indicate that these discussions seek to lower transaction costs and improve the efficiency of cross-border transactions. Stablecoins are digital tokens linked to traditional currencies like the U.S. […]