TL;DR One of the first companies aiming to build an XRP strategic reserve has opted to use RLUSD payments for its electric vehicle subsidiary instead of Ripple’s native non-stablecoin token. The firm said the stablecoin option will speed up transactions and reduce costs at the same time. VivoPower International PLC announced the move on September 8, indicating that its EV subsidiary – Tembo e-LV – has started to accept payments in Ripple’s stablecoin, RLUSD, which launched less than a year ago. Tembo describes itself as a company seeking practical solutions to real-life challenges that affect conventional international wire transfers, which include longer waiting periods and high transaction costs. The statement reads that RLUSD will allow for international wire transfers to be completed “almost instantaneously” at a “fraction of the cost” of conventional ones. The stablecoin also provides security to users as it’s pegged 1:1 to the US dollar and is fully backed by greenback deposits, short-term US treasuries, and other cash equivalents. According to the announcement, the expected benefits of relying on RLUSD instead of traditional wire transfers will be as follows: Improve Efficiency : Speed up transactions, especially for international customers and partners. Reduce Costs : Lower fees and delays associated with traditional banking channels and fiat currency. Support Innovation : Promote the adoption of enterprise-ready digital assets that meet strict compliance and audit standards. Expand Treasury Options : Broaden the Company’s digital asset and decentralized finance (DeFi) strategy. The move, which was also announced on X, led to some questions from users about why the company has opted only for the stablecoin and has left Ripple’s much more popular and bigger in market cap asset – XRP – out of the picture. Although the statement doesn’t address this, the most probable reason is likely related to the lack of price fluctuations against traditional options like the USD. Both assets operate as cross-border tokens, but RLUSD maintains its value against the greenback, while XRP can be highly volatile. Nevertheless, VivoPower, which said it “is undergoing a strategic transformation into the world’s first XRP-focused digital asset enterprise,” has already started to accumulate the asset. It made a $30 million purchase earlier this month, and plans to expand that number to $200 million worth of XRP. The post RLUSD Yes, XRP No: Why Is This Ripple Partner Choosing Only the Stablecoin? appeared first on CryptoPotato .
After Donald Trump became president of the USA, many important steps were taken regarding Bitcoin (BTC) and cryptocurrencies. While many bills supporting cryptocurrencies were presented and passed, an important move came from Democratic senators. According to Fox Business reporter Eleanor Terrett's post, Democratic senators have also taken action and presented a seven-article bill regarding the cryptocurrency market. Terrett said that 12 Democratic senators announced a detailed framework for the cryptocurrency market structure today. With this step, the minority party also showed that it is ready to work on comprehensive crypto reform. Democratic senators outlined plans to regulate the digital asset market structure, from token classification to DeFi oversight, in the seven-article bill. The proposed framework calls for negotiations with Republicans on ethics restrictions, sanctions and the pace of legislation. The group, which includes Senators Ruben Gallego, Mark Warner, Kirsten Gillibrand, and Cory Booker, argued that the nearly $4 trillion global cryptocurrency market is too large to remain shrouded in regulatory uncertainty. Their plan emphasized investor protection, closing regulatory loopholes and curbing what they described as potential corruption linked to Trump and his family's various crypto ventures. According to the 7-article bill presented by Democrats; “There is no institution regulating the spot market of cryptocurrencies; this task should be given to the CFTC. The laws for projects that issue tokens and cryptocurrencies are not clear, transparency must be ensured. Specifically, digital asset platforms serving US users must be required to register with FinCEN as financial institutions. This would further bring exchanges, custodians, and other intermediaries into the purview of the Bank Secrecy Act, AML regulations, and sanctions enforcement. It's unclear which asset is a security and which is a commodity. This needs to be clarified, and clear rules should clarify which asset has which status. DeFi is seen as a significant tool for illicit finance and is being misused. To prevent this, a dedicated regulatory framework for the DeFi world should be established. Elected officials and their families should not issue, monetize, or support any cryptocurrency while in office. Finally, financial regulators like the SEC and CFTC should be provided with more funding and bipartisan representation on regulatory bodies should be ensured.” *This is not investment advice. Continue Reading: US Democrats Say "We're in!" They've Introduced a 7-Point Cryptocurrency Bill That Will Anger Trump! Here Are All the Details…
Cardano price (ADA price) is trading near $0.87 after a modest intraday gain; bulls control short-term momentum but failure to hold the $0.88–$0.89 resistance could trigger a pullback toward $0.85–$0.80
Crypto market today: XRP floods exchanges as Bitcoin faces new quantum threat and SHIB nears breakout