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RLUSD Tops Ethereum, Project Pangea's 47-Bank Threat & XRP at $1.01
Audio is available on Spreaker — see link below.
XRP slips to $1.01 after a $10.8B options expiry while RLUSD surpasses Ethereum on the XRP Ledger and a 47-bank Chainlink consortium targets Ripple's bridge-asset model. Today's briefing breaks down what the institutional wins actually mean for XRP token holders.
Audio is available on Spreaker — see link below.
Ripple keeps landing institutional deals. XRP keeps going down.
The important distinction is what's happening at the infrastructure level while the token struggles. Ripple's stablecoin, RLUSD, just crossed $801.8 million in supply on the XRP Ledger, overtaking Ethereum's $793 million on the same network.
The competitive picture got sharper this week. Forty-seven European and South Korean banks joined Chainlink's Project Pangea initiative, targeting near-instant euro to Korean won settlement using regulated stablecoins rather than bridge assets like XRP.
There is genuine ledger development worth tracking. Ripple's Managing Director Reece Merrick highlighted two pending XRPL upgrades, XLS-65 and XLS-66, which would enable native lending and yield features directly on the ledger without users leaving the network.
On the regulatory side, the House passed a CBDC prohibition by a vote of 358 to 32. The measure bans a Federal Reserve digital dollar and any substantially similar digital currency through December thirty-first, twenty thirty.
One broader context point. Kraken, Consensys, Ledger, and Grayscale have all paused IPO plans amid volatile markets and weaker trading volumes.
The real test over the next few weeks is whether XRP holds that one-dollar support level. A clean break lower would confirm that institutional adoption and token price have genuinely decoupled.
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