Core Insights - Ripple USD (RLUSD) has surpassed $1 billion in market capitalization within less than a year of its launch in December 2024, making it the 10th largest U.S. dollar-backed stablecoin by market cap [1][2] - The token is backed by dollar reserves and short-term U.S. Treasuries, and is designed for integration into Ripple's broader payments and liquidity infrastructure [2] - RLUSD's rapid growth indicates strong early demand, leveraging Ripple's existing customer base and global financial network [4] Market Position - RLUSD's market cap is significantly smaller compared to Tether's USDT at $183 billion and Circle's USDC at $76 billion, but its rise reflects a growing interest in the stablecoin [3] - The circulating supply of RLUSD is currently $819 million on the Ethereum blockchain and $203 million on the XRP Ledger network [3] Adoption and Demand - Ripple has seen a rise in demand for its payment services, processing nearly $100 billion in payment volume to date, with RLUSD being the primary stablecoin used for these payment flows [5] - The company has doubled its customer base over the year and now holds over 75 global licenses [5] Acquisition Strategy - Ripple has been active in acquisitions, purchasing four companies this year to enhance its digital assets offerings for institutions and enterprises [6] - The acquisitions include Hidden Road for $1.25 billion and Rail for $200 million, with ongoing efforts to acquire GTreasury and Palisade [6][7] - The acquisition strategy focuses on targets that either accelerate existing offerings or expand into new verticals [7]

Scaling & Infrastructure - Ethereum ecosystem advances with Bhutan anchoring its national digital ID system on Ethereum [1] - Layer 2 networks on Ethereum processed 14 billion transactions in Q3, a new record [16] - ZK performance is accelerating, with Brevis unveiling Pico Prism, proving 996% of blocks in under 12 seconds [11] - AbstractChain dropped block times from 1s to 200ms, a 5x speed boost [26] Institutional & RWA Adoption - Stablecoin transfers on Ethereum hit $5 trillion last quarter [3] - ADIChain joined the zksync Elastic Network, launching the first dirham-backed stablecoin with major UAE banks [5] - Securitize and FGNexusio brought the first NASDAQ-listed equity fully onchain [13] - Applications on Ethereum now host over $360 billion in deposits, up $100 billion this year [15] DeFi & Payments - WalletConnect Pay went live with dtc_pay, enabling seamless stablecoin payments across retail and hospitality in Asia [8] - MiniPay wallets increased by 175% year-over-year during the quarter, with users initiating approximately 290 million peer-to-peer transactions worth over $300 million across 60 countries [23]

Staked Stream USD (XUSD) dropped sharply after the stablecoin's issuer, Stream Finance, announced a multi-million dollar loss. Steam Finance is a decentralized finance (DeFi) platform focused on simplifying yield generation through automated strategies. It allows users to stake or deposit cryptocurrencies into smart contracts that optimize returns across multiple DeFi protocols. Steam Finance aims to make passive income opportunities in Web3 available to both novice and experienced investors. Its native ...

Ripple‘s USD-pegged stablecoin RLUSD surpassed $1 billion in market capitalization in early November 2025, less than a year after its December 2024 launch. The stablecoin achieved the milestone through institutional adoption and humanitarian partnerships, ranking as the 10th largest USD-pegged stablecoin by market cap. RLUSD recorded 1,278% year-to-date growth. Live blockchain data shows RLUSD’s total value at $1.02 billion, with $819.7 million on Ethereum and $203 million on the XRP Ledger, according to C ...

RT Stacy Muur (@stacy_muur)It has been quite long since I decided to have a high % of my portfolio in stables that earn yield.Helps feel less stressed when everyone's rekt and struggling.A quick recommendation here is Stablecoin Earn from @BitgetWallet.• 10% APY on USDC• Flexible deposits• Partnered with AaveVery high yield for in-wallet yield, imo ↓ ...

Stablecoin-enabled payments infrastructure platform Zynk raises $5 million from Coinbase Ventures and others https://t.co/ereCeisVfo ...

DeFi Stack Overview - Hydration 提供一站式 DeFi 解决方案，整合了交易、原生稳定币 $HOLLAR 以及借贷功能 [1] Ecosystem Components - Hydration 生态系统包含 swaps（交易）, native stablecoin $HOLLAR（原生稳定币）, borrowing and lending（借贷） [1]

Core Insights - Ebanx views Hong Kong as a potential stablecoin payment hub for mainland Chinese companies involved in international trade, with the CEO highlighting the city's role as a testing ground for stablecoin adoption [1][3] - The company anticipates an increase in the use of stablecoins for international trade settlements in Hong Kong, considering the integration of stablecoins into its AI-powered payment system [2][5] - Ebanx's exploration aligns with Hong Kong's introduction of pioneering stablecoin regulations, which require issuers to obtain licenses and maintain reserves with high-quality liquid assets [5] Group 1: Market Opportunities - Ebanx expects significant growth in stablecoin usage as a payment method globally, noting that international transfers can be completed in seconds compared to traditional wire transfers that take one to two days [4] - The company plans to enable its network of over 500 merchants to accept payments in USDC or USDT, the US dollar-backed stablecoins, alongside traditional fiat currencies [5] Group 2: Regulatory Environment - The new stablecoin regulations in Hong Kong are described as "transformational," providing an entry point into mainland China for companies like Ebanx, although the adoption of stablecoins may be gradual [3][4] - The framework administered by the Hong Kong Monetary Authority is seen as a crucial step in legitimizing stablecoin transactions and fostering business growth in the region [5] Group 3: Company Focus - Ebanx is focused on addressing payment fragmentation in emerging markets, particularly in regions like Latin America, Africa, India, and Southeast Asia, where traditional banking services are limited [6]

⚡️ LATEST: Stablecoin inflows to Binance hit $7.3B over 30 days, the highest since December 2024 signaling major buying pressure building, per CryptoQuant. https://t.co/EjTSdtE3Bw ...

Market Trends & Cryptocurrency Performance - Major cryptocurrencies experienced declines, with Bitcoin falling 3% to $16,000, Ether dropping over 6% due to the Balancer exploit with losses exceeding $70 million, and Solana down more than 85% [2] - Standard Chartered envisions a future where nearly all global transactions are conducted on a digital blockchain ledger, with all money eventually becoming digital [6][7] - The industry is closely watching Block's Bitcoin payment initiatives, viewing it as a critical test for Bitcoin's viability as a payment mechanism [24][25] Company Specific News & Developments - Cipher Mining shares surged nearly 16% after Q3 results exceeded expectations, reporting a narrower than expected loss of 1 cent, and announced a new $55 billion 15-year lease with Amazon Web Services for 300 megawatts of AI computing capacity by the end of next year [2][3] - Core Scientific shares increased by more than 45%, while Core Weave shares decreased by more than 35%, following the rejection of Core Weave's $9 billion offer to acquire the crypto miner [3][4] - Web 3 firm Animoca Brands is planning to go public via reverse merger with Currency Group, where Animoca Brands shareholders would own approximately 95% of the resulting company and Currency shareholders would hold about 5% [4][5] - Mizuho is neutral on Coinbase due to its overexposure to crypto and lack of diversification, despite raising its price target to $320 after Q3 earnings beat expectations [13][14] - Mizuho is bearish on Circle, anticipating increased competition from numerous stablecoins issued by various entities [15][16][17] - Robinhood's crypto revenues nearly doubled in Q2, with expectations for Q3 to be in line to slightly better, the focus is on user adoption in new markets like Europe [18][19] - Mizuho has an outperform rating on Figure Technologies, highlighting its successful HELOC marketplace with a potential crypto catalyst in the next 2-3 years [20][21][22][23] Regulatory & Political Landscape - President Trump claimed ignorance about Binance founder Changpeng Zhao (CZ), despite granting him a pardon, and downplayed Binance's involvement with World Liberty Financial [8][9] - Trump stated his sons are more involved in crypto and warned that if the US doesn't lead in crypto, other countries like China or Japan will [10]