The image highlights XRP and RLUSD as key drivers of Ripple’s expanding payments network and accelerating stablecoin adoption. — Source: CoinGape Ripple gets financed with $500 million following increase in volume of payments and faster adoption of RLUSD. Record growth and significant acquisitions lead to investors supporting the long-term plan of Ripple. Following rapid increase in demand from institutions, Ripple is improving its payments, custody and stablecoin services. Garlinghouse says new in ...

Financial Data and Key Metrics Changes - Payoneer reported Q3 revenue of $271 million, a 9% year-over-year increase, with revenue excluding interest income reaching $211 million, up 15% year-over-year, marking a quarterly record [14][15] - Adjusted EBITDA was $71 million, representing a 26% adjusted EBITDA margin, with $12 million in adjusted EBITDA excluding interest income for the quarter [22][23] - Customer funds held by Payoneer increased 17% year-over-year to $7.1 billion, reflecting customer trust and future revenue potential [17][19] Business Line Data and Key Metrics Changes - B2B revenue grew 27% in Q3, now representing roughly 30% of revenue excluding interest, up from 20% in Q1 2023 [8][15] - Average Revenue Per User (ARPU) increased 15% in the quarter and was up 22% excluding interest income, with a total increase of 65% since Q1 2023 [15][6] - The focus on larger customers has resulted in nearly 30% of Q3 revenue coming from customers with over $250,000 in monthly volume [7][33] Market Data and Key Metrics Changes - SMB volume grew 6% year-over-year, with B2B SMB volume up 11% and checkout volume up 46% [16] - Enterprise payouts volume increased 19% year-over-year, driven by strong demand in key travel routes and onboarding of new enterprise customers [16] - The take rate for Q3 was 121 basis points, roughly flat year-over-year, with a 12 basis point increase in the SMB customer take rate [16][20] Company Strategy and Development Direction - The company is focused on profitable growth by refining its customer portfolio and prioritizing larger, more complex customers [6][12] - Payoneer is evolving its platform to capture opportunities in stablecoins and blockchain technology, with plans to offer Stablecoin Wallet functionality in 2026 [10][41] - The strategy includes prudent capital allocation, with nearly $500 million in cash and a $300 million share buyback program [12][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential despite short-term volatility, emphasizing a focus on quality customer acquisition and retention [4][5] - The company anticipates continued growth in customer balances and revenue, driven by the adoption of higher-value products and services [9][25] - Management noted a modest softening in volumes in October but remains optimistic about the upcoming holiday season and overall business performance [40] Other Important Information - Total operating expenses increased 10% to $235 million, driven by labor-related expenses and transaction costs [19][22] - The company has secured approximately $120 million of interest income for 2026 through hedging programs [18][19] - Payoneer is actively managing its transaction costs and leveraging strategic partnerships to improve operational efficiency [20][21] Q&A Session Summary Question: Insights on sustainability of key metrics for 2026 - Management highlighted the sustainability and durability of growth metrics, with ARPU consistently growing above 20% and a resilient business model [30][32] Question: Changes in go-to-market strategy - The company is focusing on acquiring larger, higher-quality customers through organic growth and strategic partnerships, enhancing its market presence [34][36] Question: Impact of macroeconomic factors on SMBs - Management acknowledged the impact of tariffs and macroeconomic volatility on SMB volumes but noted resilience and adaptability among customers [38][40] Question: Demand for stablecoin technology - Management sees stablecoins as a long-term opportunity and is exploring their integration into the platform, driven by customer demand for multi-currency capabilities [41][42] Question: Sustainability of take rate expansion - The company reported a 12 basis point increase in take rate, driven by B2B growth and product adoption, with expectations for continued expansion [47][49] Question: Growth in customer funds - Management indicated that customer funds are expected to grow in line with overall volumes, driven by increased utility and adoption of AP products [54][58] Question: Trends in the checkout business - The transition to a partnership with Stripe is expected to improve cost dynamics, with moderated growth rates anticipated but significant revenue potential [61][62] Question: Update on the Scout acquisition - The workforce management business is experiencing solid growth, expanding the ecosystem of AP capabilities and enhancing the B2B value proposition [67][68]

Market Trends - Solana receives vote of confidence from Western Union with planned stablecoin launch [1] - Fidelity fast-tracks SOL ETF filing [1] - Solana leads in ETF inflows [1] ETF Performance - Solana experiences significant ETF inflows, marking the second biggest week [1] Events - Solana rings the NYSE bell [1]

Core Viewpoint - Virtune has launched the Virtune Stablecoin Index ETP (STABLE) on multiple European exchanges, marking a significant step in providing regulated investment access to the growing stablecoin market [1][2]. Company Overview - Virtune is a regulated Swedish crypto asset manager that has rapidly expanded its offerings, now managing $400 million in assets and serving over 150,000 investors since its first ETP listing in May 2023 [12][17]. - The company focuses on investor protection and transparency, aiming to educate the market about crypto assets and ETPs [12][17]. Product Details - The Virtune Stablecoin Index ETP is the first of its kind in Europe, providing diversified exposure to the blockchains and assets that support stablecoins [5][10]. - The product is physically backed by underlying crypto assets stored with Coinbase in cold storage and has a 1.95% annual management fee [10]. - It is rebalanced quarterly and trades in SEK and EUR [10]. Market Context - The stablecoin ecosystem is experiencing increasing investor interest, driven by the need for stable digital assets that combine the stability of fiat currencies with blockchain efficiency [2][6]. - The growth of stablecoins is one of the fastest-expanding areas in the global financial market, with rising transaction volumes leading to greater demand for the underlying blockchain infrastructure [7][9]. Investment Rationale - Investing in the Virtune Stablecoin Index ETP allows investors to gain broad exposure to the blockchains driving the growth of the stablecoin market, thereby reducing concentration risk [4][9]. - The index captures the increasing utility and network activity of major blockchains like Ethereum and Solana, which are integral to the stablecoin ecosystem [8][9]. Strategic Partnerships - Virtune collaborates with MarketVector, a leader in digital asset indexes, to create investable index solutions that reflect the dynamic infrastructure supporting stablecoins [14][15].

Wintermute’s report notes that while global liquidity is expanding and major central banks are cutting rates, most new capital is flowing into equities and AI rather than crypto. Only stablecoin supply continues to grow. Wintermute said the four-year cycle theory is outdated, with liquidity now the main driver of prices. Market structure remains healthy, leverage has been cleared, and volatility is contained, but a crypto rebound still depends on renewed ETF and DAT inflows. https://t.co/zjJ1Cw6hmq ...

🔥 JUST IN: Binance CEO Richard Teng denied claims the exchange influenced the use of Trump-backed stablecoin USD1 in a $2 billion Abu Dhabi deal. https://t.co/XuEjR2dwAM ...

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]

0/ From scaling to identity to real-world assets, the Ethereum ecosystem keeps advancing forward.Here are 28 things the ecosystem accomplished over the last month.1/ Bhutan becomes the first nation to anchor its national digital ID system on Ethereum, showing how governments can use open infrastructure to keep public identity systems secure, sovereign, and verifiable.2/ @JovayNetwork by Ant Group (creator of AliPay) are building the next era of Layer 2, connecting one of the world’s largest payment networks ...

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 ...