XRP Holders Can Now Borrow RLUSD on Ethereum via $280M Lending Pool

·46 views

XRP holders now have the ability to borrow Ripple's stablecoin RLUSD using their XRP as collateral on the Ethereum network. The arrangement is facilitated through a $280 million lending vault that previously had not accepted any XRP-linked asset. This development allows XRP holders to access liquidity without needing to sell their holdings. The move marks a notable integration between the XRP ecosystem and Ethereum-based decentralized finance infrastructure.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Traders to Gain Ability to Bet on Coinbase, Robinhood and Marathon Hitting Targets

A new trading product will soon let investors wager on whether Coinbase, Robinhood and Marathon Digital reach their stated goals. The source material provided is limited, offering only a brief date-stamped preview header with no detailed description of the product's mechanics or launch timeline. Further specifics about the targets involved, the platform offering the bets, and regulatory considerations were not included in the text. The announcement reflects growing interest in event-based and prediction-style financial products tied to crypto-related companies. Additional details are needed to fully report on the offering's scope and potential impact.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Circle Plans Expansion Into 40 New Markets as Stablecoin Demand Rises

Stablecoin issuer Circle is targeting 40 new markets, according to comments its CEO, Jeremy Allaire, made to Reuters. Allaire said demand for digital dollars is growing across Asia, Africa, and Latin America. The growth is being driven in part by banks and payment firms. The report frames the expansion as a response to rising global interest in stablecoins.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Nine Crypto Firms Form Quantum Alliance Over Threat to 6.4 Million Bitcoin

Nine cryptocurrency companies have launched the Quantum Alliance to prepare collectively for potential attacks from quantum computers. The group is concerned about roughly 6.4 million bitcoin that could be exposed to such a threat. Members do not agree on how soon quantum attacks could become a reality. They are also divided on whether vulnerable bitcoin holdings should be frozen as a precaution.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Tokenized Tesla Trading Spikes After Musk's Flying Roadster Prototype Demo

Trading volume in Hyperliquid's tokenized Tesla contract reached $47 million within one hour following a demonstration of a flying Roadster prototype by Elon Musk. That figure marks a sharp increase from roughly $2.8 million in the period before the demo. The activity occurred while U.S. stock markets were closed, when traders relied on the on-chain instrument. The surge highlights strong investor interest in Tesla-linked exposure outside traditional trading hours.

0 comments Read more at CoinDesk