Ripple’s Singapore Licence Opens Doors for XRP and RLUSD Payments Ripple has secured regulatory approval in Singapore to expand its payment services using XRP and its dollar-backed stablecoin RLUSD. The new authorisation comes under the company’s Major Payment Institution licence, held by its subsidiary Ripple Markets APAC. As one of the world’s most advanced financial centers, Singapore offers a strong regulatory environment that makes it ideal for growing real-world crypto payment solutions. This approval arrives at a notable moment for Ripple’s ecosystem. XRP reached a new all-time high earlier this year, breaking a seven-year record by climbing to $3.65. But the momentum cooled, and XRP has since fallen about 45% from that peak, recently trading near $2.00. Even with market fluctuations, Ripple’s push for regulated expansion signals a long-term focus on real utility rather than short-term price movements.
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Canary Capital’s newly launched U.S. spot XRP ETF (XRPC) registered $58.6 million in first-day volume, far exceeding analyst expectations of $17 million. Yet the strong debut failed to stabilize XRP, as derivatives markets flashed stress signals. Roughly $28 million in XRP liquidations hit within 24 hours, with long positions accounting for nearly $25 million of the wipeout. Market analysts warn that institutional flows remain conflicted—ETF inflows show interest, but broader risk-off pressure continues suppressing crypto liquidity and momentum.
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Ripple partnered with Mastercard, WebBank, and Gemini for RLUSD settlement: This collaboration combines Ripple’s technology with Mastercard’s global payment network, WebBank’s banking infrastructure, and Gemini’s crypto expertise. The partnership enables faster, more efficient stablecoin transactions using RLUSD across traditional and digital financial systems.
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