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Ripple Teams With Mastercard, Gemini to Use RLUSD to Settle Credit Card Transactions
Yahoo Finance· 2025-11-05 17:04
Core Insights - Ripple is collaborating with Mastercard, WebBank, and Gemini to explore the use of its dollar-backed RLUSD stablecoin for settling fiat credit card transactions on the XRP Ledger [1] - The initiative is contingent on obtaining regulatory approvals, with plans to begin RLUSD onboarding in the coming months [2] - The integration of RLUSD aims to enhance the efficiency and speed of the settlement process for credit card transactions [3][4] Company Developments - The partnership includes the use of RLUSD for all Gemini Credit Cards, including those linked to Bitcoin and Solana, potentially streamlining the settlement process [3] - Ripple's RLUSD stablecoin has a market cap of over $1 billion, making it the 11th largest stablecoin by market capitalization [4] - Ripple raised $500 million at a valuation of $40 billion, indicating strong investor confidence [5] Regulatory Context - Regulatory approval is emphasized as a critical component of the initiative, ensuring compliance with applicable frameworks [2] - The stablecoin is regulated by the New York Department of Financial Services (NYDFS) and is primarily custodied by BNY Mellon [5] Market Position - The RLUSD stablecoin was launched in December and has since expanded its use, including integration into Securitize's platform for institutional applications [4][5] - The Ripple-linked XRP token has experienced a 2.6% decrease in value over the last 24 hours, trading at $2.26 [5]
Coinbase CLO: Bank Groups Opposing Trust Charter Bid Engaging in 'Protectionism'
Yahoo Finance· 2025-11-05 15:23
The Office of the Comptroller of the Currency faces pressure from bank lobbyists as crypto exchange Coinbase demands a fair path into regulated finance. Two of Washington’s most influential banking lobbies, the Independent Community Bankers of America (ICBA) and the Bank Policy Institute (BPI), have urged the Office of the Comptroller of the Currency to block Coinbase’s application for a national trust bank charter. The groups filed separate comment letters to the OCC on Monday, warning that Coinbase’s a ...
X @Bloomberg
Bloomberg· 2025-11-05 15:18
Crypto’s big-money backers hit hard as stock premiums plunge https://t.co/xbT46dQk8R ...
Ripple Just Sealed One of the Biggest Deals of the Year, But XRP Price Barely Moves
Yahoo Finance· 2025-11-05 14:57
Core Insights - Ripple has secured a $500 million strategic investment, elevating its valuation to $40 billion, marking it as one of the most valuable private companies in the crypto sector [2][3] - The investment was co-led by Fortress Investment Group and Citadel Securities, indicating strong institutional confidence in Ripple's blockchain payment solutions [2][3] - Ripple's recent achievements include processing $95 billion in payment volume and holding 75 regulatory licenses globally, showcasing its scale and compliance [4] Investment and Valuation - The $500 million investment significantly boosts Ripple's valuation to $40 billion, reflecting a growing institutional trust in blockchain infrastructure [3] - This funding round is one of the largest single funding events in the crypto industry, highlighting the sector's consolidation and maturation [3] Regulatory Environment and Market Trends - The investment comes at a time of a more favorable regulatory environment in the US, with crypto mergers and acquisitions exceeding $10 billion in Q3 2025, a 100% increase from the previous quarter [5] - This trend allows established players like Ripple to accelerate their initiatives without facing previous legal uncertainties [5] Acquisition Strategy - Ripple has transformed its business through an aggressive acquisition strategy, deploying approximately $4 billion across six deals in two years, including notable acquisitions like Rail, GTreasury, and Hidden Road [6]
X @𝘁𝗮𝗿𝗲𝘀𝗸𝘆
𝘁𝗮𝗿𝗲𝘀𝗸𝘆· 2025-11-05 14:49
#CryptoStable 幸好 1.1 卖完了,项目方是一点宣发成本也不想负担啊。怕你看了公告出货,直接把流动性撤了。 https://t.co/oHAV5rw32A ...
X @mert | helius.dev
mert | helius.dev· 2025-11-05 14:37
my children's future life if I pivoted to AI from crypto when Jason told us to: https://t.co/BM9ooXqHS3 ...
X @Solana
Solana· 2025-11-05 14:07
RT Lily Liu (@calilyliu)Crypto has always had dual capitals.Initially it was San Francisco and Shanghai.Then the West searched amongst Zug, Berlin, Lisbon (Paris and France for a hot second). Today it is New York.The East migrated from Shanghai to Hong Kong to Singapore, and today it’s the UAE.The UAE also attracts many from Europe and India and CIS - making it a crossroads for everything in between the Atlantic and the Pacific. ...
X @𝘁𝗮𝗿𝗲𝘀𝗸𝘆
𝘁𝗮𝗿𝗲𝘀𝗸𝘆· 2025-11-05 14:05
#Crypto可能有些朋友知道我的一项副业是 Morpho Curator(类似基金经理的角色)。工作内容大致是:调研稳定币项目,找底层资产的证明,算流动性,要做市商权限,准备清算机器人。这本来就是一个套利人的份内工作,所以这份副业对我们来说还挺适合。以下是我知道的情况:1. Curator 按目前法律上是无责的。2. Curator 决定策略,直接影响金库的安全性。3. Curator 的权限有可以和项目方勾兑利益的可能性。4. 不止一家稳定币项目方,私下找过我们要流动性。5. 所有 Market 都是我们主动选择的,没有发生过利益勾兑,没有给(我认为)不可靠的项目方提供过资金。以后也不会有。如果未来哪天我们投的项目/Market 出事了,我们会尽量提前发现,发现不了会快跑,跑不掉会一起维权,维权失败一起亏。这些在链上都会有痕迹,已尽人事了🙏 ...
MOGO to Participate at the 3rd Annual Cantor Crypto, A/I Energy Infrastructure Conference
Businesswire· 2025-11-05 13:23
VANCOUVER, British Columbia--(BUSINESS WIRE)--Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO) ("Mogo†or the "Company†), a digital wealth and payments business, today announced that Gregory Feller, Co-Founder & President, will participate at the 3rd Annual Cantor Crypto, A/I Energy Infrastructure Conference. The conference will take place on Monday, November 10 – Wednesday, November 12, 2025 at the Ritz-Carlton South Beach, Miami Beach, FL. Feller will be available for one-on-one meetings with institu. ...
Morning Minute: Bitcoin Breaks Below $100K for First Time Since May
Yahoo Finance· 2025-11-05 13:15
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors fall another 2-5% but begin to recover; BTC at $102,300 Mando vs KBM bet resolves as Bitcoin briefly slips below $100k ZKsync shares plans for ZK token utility, pumps 25% Gemini shares plans to launch a prediction market Sequans DAT sells $100M in Bitcoin, bec ...