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XRP ready to be integrated into Ethena Labs: what does this mean?
​XRP is set to be integrated into USDe, the $11.8 billion stablecoin from Ethena Labs, after meeting all the stringent criteria of the new "Eligible Assets Framework". This decision, confirmed by Ethena's risk committee, positions XRP alongside other major assets like BNB and HYPE, to act as collateral for perpetual futures for USDe.
​Why is XRP an ideal candidate?
​Ethena seeks assets with high liquidity and stability to support USDe, and XRP fits this profile perfectly. Its impressive characteristics include:
​Enormous market capitalization: Currently at $181.944 billion, XRP is the third-largest cryptocurrency by market value.
​Robust trading volumes: Daily volumes exceeding $10 billion.
​Deep liquidity: XRP has an order book depth that ensures large transactions can be executed without causing significant price fluctuations.
​A new chapter for XRP
​Although this integration may not be the most anticipated news for XRP enthusiasts, it represents a significant expansion of its utility and adoption. By becoming a collateral asset for USDe, XRP gains a new role in the decentralized finance (DeFi) ecosystem. This is an important development that validates the robustness and liquidity of XRP in the cryptocurrency market. Meanwhile, Ripple's own stablecoin, RLUSD, continues to grow, already reaching a market capitalization of around $680 million.