Seeds of Wisdom RV and Economic Updates Thursday Morning 1-9-25
Good Morning Dinar Recaps,
RIPPLE’S RLUSD GEARS UP FOR EXCHANGE LISTINGS – WHAT IT MEANS FOR CRYPTO’S FUTURE
Ripple RLUSD stablecoin enters new markets through major cryptocurrency exchange platforms. Ripple President Monica Long confirms “imminent” expansion plans. The move aims to cut down crypto market volatility. During her Bloomberg interview, Long said, “RLUSD will become a key component of Ripple’s payment infrastructure.”
Ripple’s RLUSD Stablecoin Could Ease Crypto Volatility and Adoption Challenges
Current Trading Activity Shows Strong Demand
RLUSD started in December 2024, and it keeps a fixed 1:1 rate with USD. The Bullish cryptocurrency exchange handles 76% of all RLUSD trades. These happen mainly in RLUSD/USDC and XRP/RLUSD pairs. Furthermore, the Sologenic exchange adds $3.4 million daily XRP/RLUSD volume, making up 3.56% of all RLUSD trading. Thus, the Ripple RLUSD stablecoin shows high trading activity.
Payment Infrastructure Growth Powers RLUSD Adoption
Last year saw Ripple’s payment business double in size. This growth puts RLUSD stablecoin at the heart of their system. “Our payment business saw remarkable growth throughout 2024,” Long stated. She noted how stablecoin adoption keeps rising. RLUSD helps users move money in and out during high crypto market volatility and facilitates the ongoing use of Ripple RLUSD stablecoin.
Chainlink Partnership Reinforces Security Measures
Ripple teamed up with Chainlink to improve RLUSD price tracking. This works on both Ethereum and XRP Ledger. Their system stops price tricks and keeps data safe. Many independent operators check the data. This matters as more cryptocurrency exchange sites add RLUSD, underlining the growing role of Ripple RLUSD stablecoin in maintaining price stability and security.
XRP ETF Prospects Boost Market Confidence
Long sees good chances for XRP ETF approval after Bitcoin and Ethereum. “XRP could be next in line for ETF approval,” she said. She points to changing U.S. politics. Big names like WisdomTree and Bitwise want SEC approval. This shows growing trust in Ripple’s work and supports the Ripple RLUSD stablecoin’s robust market confidence.
Future Outlook for RLUSD
RLUSD stablecoin fights crypto market swings while pushing stablecoin adoption forward. Long stated that “RLUSD’s expansion across major exchanges represents a significant milestone in our mission to transform digital payments.” Better security through Chainlink and more cryptocurrency exchange options show Ripple’s long-term plans regarding RLUSD.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
HONG KONG'S BOLD STEP: HKMA’S NEW INITIATIVE TO BOOST DLT ADOPTION IN BANKING
Hong Kong, considered as one of the thriving financial hubs of Asia, is know for its welcoming attitude towards innovative technologies, especially those capable of strengthening its dominance in the financial sector.
The Hong Kong Monetary Authority, which is responsible for the upgrading of the nation-state’s financial framework, has launched a new initiative to help banks adopt distributed ledger technology safely and efficiently. What does this bold move actually signify? Does it open a new era of innovation in the banking sector in Hong Kong? Let’s examine!
What is HKMA’s Supervisory Incubator for DLT?
Helping banks to integrate distributed leader technology is the prime purpose of the HKMA’s initiative. The prime merit is that banks are offered an opportunity to safely and efficiently adopt DLT. This is very important to ensure that banks get maximum benefit from any integration with DLT.
Why is HKMA’s Initiative Important?
Primarily, there are three reasons why this initiative is pertinent.
▪️Firstly. It supports innovation in the banking sector.
▪️Secondly, it promotes the usage of tokenisaed deposits and smart contracts.
▪️Thirdly, it offers a strong framework for easy adoption of DLT.
Potential Benefits of DLT for Banking
▪️The prime benefit of DLT integration in the banking sector is that it enables real-time updation and autonomous bookkeeping.
▪️Additionally, it allows the creation of a simplified reconciliation framework.
▪️It facilitates the development of tailored financial products employing smart contracts.
Recent Crypto Developments in Hong Kong
Recently, a proposal was presented by Hong Kong Legislative Council member Wu Jiexhuang to include Bitcoin in the national reserve of the nation-state. The lawmaker pointed out that the country could leverage China’s “one country, two systems” policy to impliement the proposal.
In conclusion, Hong Kong’s DLT initiative by HKMA is a significant step towards a more innovative and efficient banking future. It also reflects the nation-state’s growing focus on embracing blockchain technology.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
XRP ETF: RIPPLE PREZ SAYS IT COULD SPARK THE NEXT BIG U.S. CRYPTO BOOM
In a recent Bloomberg interview Ripple President Monica Long sent shockwaves through the crypto community when she said an XRP ETF could be the next big thing in the US.
With the US regulatory environment looking good and a crypto friendly administration potentially on the horizon the approval process for an XRP ETF could speed up.
Long said after Bitcoin and Ether XRP will be the next spot ETF in the US “I think we will see more spot ETFs this year out of the US and I think XRP will be next” Crypto investors are excited as XRP continues to gain momentum with adoption and clarity.
What Makes XRP ETF a Potential Game-Changer?
Bitcoin and Ether ETFs were a game changer for the crypto market, giving traditional investors a regulated and secure way to get into digital assets. If an XRP ETF was approved it would open up institutional investment in XRP on a large scale and get XRP into the mainstream markets. An XRP ETF would be a big deal for Ripple and its growing community of investors and partners.
Long also mentioned the changing political landscape and that the new administration could speed up approvals of crypto related filings. This would give investors more confidence and grow the space faster.
Ripple’s Expanding Role in Crypto and Finance
XRP ETFs are still in the filing process but Ripple is already active in other parts of the crypto space. The company just launched its RLUSD stablecoin which is now regulated by the New York Department of Financial Services (NYDFS). With RLUSD being fully compliant with financial regulations it will be a key part of Ripple’s future of money and payments.
Ripple is also making RLUSD more useful by integrating it with the Chainlink standard so it can interact seamlessly with DeFi protocols. This opens up more use cases for RLUSD and makes it an asset for financial institutions and blockchain projects.
@ Newshounds News™
Source: FX Leaders
~~~~~~~~~
IMF ASKED KENYA TO ESTABLISH CLEAR CRYPTO REGULATIONS: WHAT’S NEXT?
▪️IMF urges Kenya to update outdated crypto regulations for consumer protection and financial stability.
▪️Kenya advised to align crypto laws with global standards to address scams and AML concerns.
▪️IMF suggests defining crypto assets in financial laws to avoid regulatory confusion.
The International Monetary Fund (IMF) has recommended that Kenya create a clear regulatory framework for its cryptocurrency market. This call comes after rising concerns about consumer protection, anti-money laundering (AML), and combating terrorism financing (CFT). The IMF’s advice highlights the growing need for Kenya to update its outdated laws to evolve its crypto sector.
@ Newshounds News™
Read more: Coinpedia
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps