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Ripple's New Stablecoin RLUSD: A Complement to XRP
The introduction of Ripple's new stablecoin, Ripple USD (RLUSD), is set for December 4th following approval from the New York financial regulator. Contrary to investor concerns, Ripple emphasizes that this US dollar-pegged coin will complement its existing cryptocurrency, XRP. According to Cointelegraph Deutschland, RLUSD aims to enhance cross-border payment solutions alongside XRP by increasing liquidity and stability through pairing with major exchanges like Ethereum and XRPL.
XRP ETF Dreams Dashed as SEC Maintains Stance
Investing.com Deutsch reports a setback for Ripple enthusiasts hoping for an XRP-ETF approval from the U.S. Securities and Exchange Commission (SEC). The regulatory body has rejected applications for Solana spot ETFs under current leadership led by Gary Gensler. However, optimism remains high as Paul Atkins is expected to take over in January 2025 after Donald Trump's inauguration, potentially ushering in a more crypto-friendly era at the SEC.
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XRP Gains Traction with Worksport Adoption
FXStreet German site highlights Worksport Limited’s strategic decision to incorporate Ripple's XRP into their corporate treasury along with Bitcoin investments worth up to $5 million. This move aligns with global trends towards digital asset adoption despite ongoing legal challenges faced by Ripple against the SEC regarding securities classification issues surrounding XRP sales.
Solana & XRP ETFs Blocked Amidst Regulatory Uncertainty
A report on Block-Builders.de reveals continued resistance from the SEC under Gary Gensler’s tenure against approving Solana and other altcoins’ ETFs including those linked directly or indirectly such as four pending approvals related specifically to Ripple-backed tokens themselves which have been delayed until further notice. Changes expected within agency management post-January may favorably impact future decisions based on evolving market conditions.
Note: Corrected paragraphs are brief and focused on the relevant information.Sources:
- Ripple-Stablecoin RLUSD – Einführung soll „Ergänzung“ zu XRP sein
- Ripple lobt den Krypto-Zar des Weißen Hauses: Ist die regulatorische Klarheit endlich da?
- Ripple: SEC sagt NEIN – XRP-ETF-Träume vorerst begraben!
- XRP soll bei dem an der Nasdaq notierten Unternehmen Worksport als Vermögenswert dienen
- Solana & XRP ETFs: US-Börsenaufsicht SEC blockiert Zulassung – Bericht
- XRP Korrektur: Analyst warnt vor "Blutbad an Liquidationen"
