fintech / news / / CoinGape
XRP price has dropped by more than 2% today, May 8, but this is not an isolated case because the rest of the market was in the red.
Ripple USD (RLUSD) stablecoin's market cap rose from $1.24B to $1.55B in seven weeks.
KEY POINTS
- BlackRock publicly stated support for using stablecoins for payments, pending proper regulation.
- JPMorgan reportedly plans to use the XRP Ledger to tokenize treasuries, linking Wall Street with Ripple.
- Ripple formed a new partnership with KBank in South Korea to facilitate blockchain payments.
- Whale inflows to Binance for XRP are at their lowest since 2022, indicating minimal large-scale selling.
COMPANIES
Summarized by Newsio from CoinGape. How we summarize →