Ripple's stablecoin RLUSD has a market value of $500 million within 7 months of its launch
According to CoinGecko data, the US dollar stablecoin RLUSD launched by Ripple has a market value of $500 million within 7 months of its launch. The product is issued on XRP Ledger and Ethereum and ranks among the top 20 US dollar stablecoins, with a daily trading volume of approximately $26 million.$XRP
South Korea plans to include crypto companies in the category of start-ups to enjoy policy benefits
According to The Block, the Ministry of Small and Medium Venture Enterprises of South Korea issued an announcement today, announcing plans to amend the current "Special Act on the Promotion of Venture Enterprises" to allow virtual asset trading and brokerage service providers to register as "venture enterprises", thereby making them eligible for relevant government support policies.
Dubai approves tokenized money market fund to promote RWA development
According to The Block, the Dubai Financial Services Authority (DFSA) has approved QCD Money Market Fund (QCDT) as a tokenized money market fund in the Dubai International Financial Center. The fund is a joint project between Qatar National Bank and DMZ Finance.