🚀 $XRP Gets the Green Light — $12B Stablecoin Issuer Confirms Integration Plans
- **USDe and $XRP Integration**:
- Ethena Labs' $11.8B stablecoin USDe may soon use XRP as collateral.
- XRP certified by Ethena’s risk committee under the Eligible Asset Framework.
- **XRP’s Qualifications**:
- Market cap: $181.9B, third behind Bitcoin and Ethereum.
- Daily trading volume: Exceeds $10B.
- Meets framework criteria: >$1B two-week open interest, >$100M daily spot and futures volumes, >$500K spot order book depth, and >$10M perpetual futures depth.
- **Eligible Asset Framework**:
- Launched to expand USDe’s collateral options.
- Ensures assets meet liquidity and risk standards.
- **Other Qualifying Assets**:
- BNB is the first asset approved for USDe’s perpetual futures collateral.
- XRP and HYPE also passed criteria, awaiting onboarding.
- **Impact on XRP**:
- Onboarding could boost XRP’s utility and adoption.
- **Ripple’s RLUSD**:
- Reached $680M market cap within seven months.
- Plans expansion to Japan with SBI VC Trade by early 2026.
