XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

Ripple CEO Brad Garlinghouse opened the company's 10th annual Swell conference Tuesday with four major announcements, including a new partnership with Robinhood (NASDAQ:HOOD). What Garlinghouse Announced on Day One Garlinghouse posted on X Wednesday that Treasury Secretary Scott Bessent joined him to open the conference, crediting Bessent's leadership for helping responsible crypto thrive in the United States.

Ripple CEO Opens Conference 'With a Bang:' The 4 Announcements He Made

The ratings agency cited RLUSD's Treasury-heavy reserves, but noted that holders have no direct ownership interest in them for now.

Moody's Rates Ripple's $2.6B RLUSD Stablecoin A2, a Day After OCC Bank Approval

An experimental change would let companies cover the reserve for customer and AI-agent accounts, allowing users to start with stablecoins without first acquiring XRP.

XRP Ledger developers propose creating wallets with zero XRP for stablecoin payments

Moody's Ratings assigned the RLUSD A2 long-term and P-1 short-term ratings, citing credit quality and market value of its reserve assets.

Moody's assigns investment-grade ratings to Ripple's RLUSD stablecoin

U.S. Treasury Secretary Scott Bessent told Ripple's Swell conference in New York that the Treasury can work with the SEC and CFTC to fill the gap left by the Clarity Act's failure in the Senate. Bessent Says Treasury Has ‘a Lot of Convening Powers' Bessent appeared on stage on Oct.

Ripple Swell Sees Bessent Bring a Plan B for the Stalled CLARITY Act

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Leading cryptocurrencies rose alongside stocks on Tuesday, buoyed by investor focus on the Kevin Warsh-led Federal Reserve's interest-rate decision and weaker oil prices.

Bitcoin, Ethereum, XRP, Dogecoin Rise Ahead of Fed Rate Decision: Analyst Says BTC Headed for 'New Highs' If It Flips This Level

Ripple and C2FO are bringing invoice financing and settlement to the XRP Ledger, using Ripple's dollar-backed stablecoin, RLUSD. The initiative targets bank transfer delays that leave suppliers waiting days for approved early payments. XRP Ledger Targets Settlement Delays Suppliers could gain faster access to cash from approved invoices through an initiative announced Oct.

Ripple and C2FO Tap XRP Ledger to Turn Payment Delays Into Seconds

Ripple's RLUSD stablecoin is live on Robinhood Chain and Bitstamp, and heads to the Robinhood app later this year as the companies deepen ties in treasury and institutional trading.

Robinhood Taps Ripple's Stablecoin, Treasury Software and Trading Loans

Cryptocurrency voters could become a decisive force in the midterm elections on Nov. 3, with industry advocacy groups mobilizing millions of supporters. Could Crypto Voters Swing Elections?

Coinbase, Ripple Pour Millions Into Elections: Could Crypto Voters Swing Tight Congressional Races?

BNY now custodies XRP and RLUSD for institutional clients, extending Ripple's custody deal to cover RLUSD minting, redemption, and tokenized trade finance.

BNY Now Custodies XRP and RLUSD in Expanded Ripple Partnership

Bitcoin rebounded above $80,000 Tuesday after briefly slipping below the key support level, as investors brace for Wednesday's crucial FOMC decision.

Bitcoin Reclaims $80,000 as ETH, XRP, DOGE Hold Steady Ahead of FOMC Wednesday

Robinhood plans to bring Ripple's RLUSD stablecoin to its app later this year, extending a partnership across retail and institutional finance. The agreement expands into settlement, trading, and treasury operations.

Robinhood Strikes Ripple Deal to Bring RLUSD to Its 29M Customers

Ripple has secured final approval from the OCC to launch Ripple National Trust Bank, enhancing federal oversight of its stablecoin operations and expanding institutional services. The post Ripple Charters National Trust Bank to Oversee RLUSD Reserves and Custody appeared first on The Daily Hodl.

Ripple Charters National Trust Bank to Oversee RLUSD Reserves and Custody

Ripple on Tuesday announced it expanded its partnership with BNY (NYSE:BK) to strengthen institutional custody and explore tokenized trade finance. The expanded strategic collaboration now lets BNY support custody of XRP (CRYPTO: XRP) and the RLUSD (CRYPTO: RLUSD) stablecoin through its Digital Asset Custody platform.

Ripple Expands BNY Partnership as XRP Jumps 2%

Robinhood helped launch a rival dollar-backed token, USDG, but will also offer Ripple's stablecoin to retail customers later this year.

Robinhood taps Ripple's $2.5 billion RLUSD stablecoin despite backing rival USDG

Ripple and BNY plan to advance tokenized trade finance on the XRP Ledger, first exploring a supply chain finance initiative to broaden investor access. Their collaboration also adds institutional XRP and RLUSD custody and plans direct stablecoin issuance and redemption.

Ripple and BNY Target New Trade Finance Market for XRP Ledger

BNY adds XRP and RLUSD to its custody platform, as Ripple and C2FO test settling invoice payments on the XRP Ledger.

Ripple, BNY explore using the XRP Ledger to finance approved invoices

Ripple struck a deal with Robinhood (NASDAQ:HOOD) Tuesday to expand use of its digital dollar RLUSD (CRYPTO: RLUSD). What the Partnership Actually Covers The deal lets Robinhood use RLUSD to settle institutional trades, automate its own treasury operations, and expand access to digital asset trading and financing through Ripple Prime and Bitstamp, the global crypto exchange Robinhood acquired last year.

Ripple, Robinhood Partner to Expand RLUSD Use for Institutional Settlement

XRP remains rangebound between $1.29 and $1.31, virtually flat over seven days and down over 15% since the start of October, showing little to no reaction to recent major ecosystem announcements. XRP Price Stalls Near $1.29 Despite Major Ripple Announcement XRP remained stuck in the $1.29 to $1.

XRP Price Barely Moves on Ripple OCC Approval as Whales Control 68.5% of Supply

The immediate prospects for bitcoin BTC$84,459.46 and the wider crypto market look bleak, with prices trading below key levels, according to some observers.

Bitcoin shows signs of weakness while Ripple's bank win fails to bolster XRP

The federally supervised bank will manage RLUSD's reserves and offer custody, as banking groups fight crypto charters in court.

Ripple Wins Final OCC Approval for Trust Bank Behind $2.6B RLUSD Stablecoin

The Office of the Comptroller of the Currency has approved Ripple National Trust Bank (RNTB), Ripple's CEO Brad Garlinghouse announced on X.

Ripple gets a final go-ahead to launch its own U.S. national trust bank

Ripple (CRYPTO: XRP) CEO Brad Garlinghouse announced on Monday that the Office of the Comptroller of the Currency has issued final approval for a federally supervised trust bank. Garlinghouse Hails Ongoing ‘Revolution' In an X post, Garlinghouse said the approval gives Ripple National Trust Bank a regulated platform to support RLUSD (CRYPTO: RLUSD), the company's stablecoin, and to provide digital-asset custody services to enterprises.

XRP Gains as Ripple National Trust Bank Gets Final Approval—Brad Garlinghouse Says Crypto and Banks 'Work Better' Together

Ripple's structure places reserve management and custody under federal supervision while leaving issuance with the New York-regulated entity.

Ripple gains final OCC approval to launch national trust bank and bring RLUSD under federal oversight

Ripple has secured final federal approval for its national trust bank, advancing its plans for RLUSD reserve management and enterprise crypto custody. The charter places the institution under U.S. banking supervision and authorizes it to commence business.

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