rlusd

Lawyer Bill Morgan, well-known for his support of XRP, has strongly criticized the world’s largest stablecoin issuer, Tether, arguing that its reserve management lacks credibility. In contrast, he praised Ripple’s stablecoin RLUSD, which he says sets a higher standard of transparency.

The Reserve Dispute: Tether’s Weak Point
Morgan pointed out that Tether (USDT), despite years of doubts over its reserves, still refuses to use an independent third-party custodian. According to him, this remains a major flaw that undermines its trustworthiness. On the X platform, he further noted that Tether has never agreed to a truly “credible audit” conducted by an outside firm.
“To be fair, I must admit one thing – Tether has never lost its peg to the dollar,” Morgan acknowledged. Nevertheless, he described the lack of independent custody as a fundamental issue.

RLUSD Takes the Lead
On the other hand, Morgan highlighted that Ripple entrusts RLUSD’s reserves to BNY Mellon, one of the world’s largest asset custodians. This, he argued, makes RLUSD a more reassuring choice for investors.
Ripple’s stablecoin has also been growing rapidly. Over the past month, its market cap increased from $527 million to $666 million – a 26% surge.
RLUSD is also becoming increasingly integrated into traditional financial infrastructure. Recently, it was used to settle proceeds from the Bullish exchange IPO. According to Jack McDonald, Ripple’s Senior Vice President for Stablecoins, RLUSD is emerging as the “gold standard in compliance,” citing its use as collateral, in cross-border settlement, and now, for the first time, in IPO payments.

Tether Strengthens, but the Debate Continues
Meanwhile, Paolo Ardoino’s Tether has shown its financial strength – reporting $2.6 billion in profits in Q2 2025, while revealing that it holds both gold and Bitcoin reserves. The company also issued $13.4 billion worth of USDT during the same quarter. Furthermore, it hired former White House Crypto Council executive Bo Hines as a strategic advisor for its planned U.S. expansion.

What’s Next?
The U.S. Office of the Comptroller of the Currency (OCC) has recently allowed community banks to partner with stablecoin issuers – a development that could directly benefit Ripple. The company is also applying for a U.S. banking license to further embed RLUSD into traditional finance.
The battle for stablecoin dominance between USDT and RLUSD is clearly heating up. While Tether leans on its stability and strong market presence, Ripple is betting on transparency and trust.

#Ripple , #Tether , #USDT , #RLUSD , #xrp

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Bullish, the cryptocurrency exchange backed by billionaire Peter Thiel, has become a pioneer on Wall Street. For the first time in U.S. history, a company has settled the entire proceeds of its initial public offering (IPO) in digital stablecoins – led by USDC from Circle and RLUSD from Ripple. In total, the exchange raised $1.15 billion.

A Historic Breakthrough for Stablecoins
Bullish confirmed that the proceeds from selling approximately 20.3 million shares at $37 each were settled through stablecoins. According to the company, this represents a first-of-its-kind milestone in U.S. IPO history, one that could redefine how capital markets settle in the future.
Most of the stablecoins were minted on the Solana network, with Jefferies serving as the billing and delivery agent responsible for minting, conversion, and settlement. The exchange primarily received USDC and EURC, which are now held exclusively by Coinbase as custodian.

Wide Stablecoin Participation
Beyond USDC and RLUSD, the transaction also involved several other stablecoins:

🔹 USDCV and EURCV from Societe Generale-FORGE

🔹 USDG from Global Dollar

🔹 PYUSD from PayPal

🔹 USD1 from World Liberty Financial

🔹 AUSD from Agora

🔹 EURAU from AllUnity
According to CFO David Bonanno, Bullish views stablecoins as one of the “most transformative and widespread use cases for digital assets,” enabling fast, inexpensive, and secure global transfers, particularly across Solana’s network.

Ripple and Coinbase React to Stablecoin IPO
Ripple hailed Bullish’s IPO as a historic milestone, noting that a portion of the proceeds in RLUSD was directly settled on the XRP Ledger. The company stressed that this represents the first public precedent of an IPO settlement moving fully on-chain.
Meanwhile, Coinbase, which serves as the exclusive custodian of USDC and EURC from the IPO, stated that stablecoins are simply “faster, cheaper, and more global” than traditional currencies, adding that it is proud to play a role in this groundbreaking event.

#bullish , #Stablecoins , #USDC , #RLUSD , #CryptoNews

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Imagine waking up and seeing 200 MILLION XRP vanish from Ripple’s wallet… without a word. Not a test. Not a glitch. That’s *606 MILLION* moved — silently. Bruh, you don’t move half a *billy* unless the gears are turning behind the scenes. 🧠💥

Let’s decode what’s REALLY going on 👇

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📊 The Raw Numbers
- *Amount:* 200,000,000 XRP
- *Value:* 606,145,172
- *Sender:* Ripple
- *Receiver:* Unknown wallet (👀 new address, not routine)

This isn’t a Sunday transfer. This is *liquidity deployment* at scale.

—

🚨 Why This Move Is Different
Ripple doesn’t shift that much XRP for fun. Possible reasons:

1️⃣ *ODL Corridor Activation* (On-Demand Liquidity kicking in)
2️⃣ *CBDC Deployment* (a pilot might be going live)
3️⃣ *Institutional Liquidity Onboarding* (someone BIG is stepping in)
*Or... all three.* 😳

—

🔍 What’s Been Brewing Behind the Scenes
Let’s connect the dots:

- 🪙 *RLUSD stablecoin* about to launch
- 🏦 *U.S. bank charter* being quietly pursued
- 🌏 *Middle East APAC corridors expanding fast*
- ⚖️ Ripple won legal clarity in the U.S. and went *radio silent* since

Now — BAM —600M in XRP leaves the nest.

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💡 What This XRP Could Be Used For
- 🔁 Seeding liquidity for new RippleNet corridors
- 🏛️ Government-backed FX or CBDC rollout
- 🪙 RLUSD pool reserves
- 🕵️‍♂️ OTC transfer for institutions pre-regulatory greenlight

This isn’t holding. This is *settlement prep.*

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🔮 What to Expect (Predictions + Tips)
- *Short-Term:* XRP price could front-run a major announcement
- *Mid-Term:* If this is RLUSD + new corridors, we might be seeing a *RippleNet 2.0 rollout*
- *Long-Term Tip:* Watch *liquidity flows, not headlines*. The XRP Ledger tells you before the press does.

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*Final Thought:*
You don’t move 200M XRP without reason. This is the *quiet before activation* — and if Ripple’s switching on the rails, expect XRP to follow the flow… because *price always follows liquidity.*

$XRP

#XRP #Ripple #XRPL #CryptoNews #RLUSD

Gemini secured a $75M credit line from Ripple ahead of its Nasdaq IPO, with $5M
minimum borrowing terms and 6.5%-8.5% interest rates in USD or LUSD
The deal expands RLUSD's institutional adoption by enabling stablecoin settlements, enhancing liquidity and XRP Ledger utility through increased stablecoin flows.
Gemini reported $282.5M 2025 H1 losses amid regulatory challenges, restructuring operations to comply with New York's BitLicense requirements.
Goldman Sachs and other major banks underwrite the IPO, which would make Gemini the third U.S. crypto exchange to go public after Coinbase and Bullish.

#Xrp #rlusd

#Gemini revealed details of the upcoming #IPO 😊😊😊😊
The Gemini exchange plans to list shares on Nasdaq under the ticker Gemi.
The company reported a loss of $282.5 million for the half-year compared to $41.4 million a year earlier.
The application disclosed a credit line from #Ripple for $75 million in stablecoin #RLUSD .
The cryptocurrency exchange Gemini officially revealed plans to conduct an initial public offering (IPO) on the Nasdaq exchange, indicating the ticker GEMI. The public S-1 filing, submitted after a confidential project in June 2025, disclosed the company's financial indicators and details of its corporate structure.