XRP News

XRP is a digital asset created by Ripple Labs in 2012, designed to facilitate fast, low-cost cross-border payments and serve as a bridge currency between traditional fiat currencies. Unlike Bitcoin's proof-of-work consensus, XRP operates on the XRP Ledger, a decentralized blockchain that uses a unique consensus protocol to validate transactions in seconds rather than minutes.

The XRP ecosystem centers around financial institutions, payment providers, and banks seeking to modernize their cross-border payment infrastructure. Ripple's On-Demand Liquidity service leverages XRP to eliminate the need for pre-funded nostro accounts, while independent developers continue building applications on the XRP Ledger's native decentralized exchange and smart contract capabilities.

At CoinDesk, we provide comprehensive coverage of XRP news, from regulatory developments and institutional adoption to technological upgrades and market analysis. Our reporters track the ongoing legal proceedings between Ripple and the SEC, partnerships with global financial institutions, and the broader implications for cryptocurrency regulation.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Markets

Ripple's Brad Garlinghouse Foresees XRP, Solana, Cardano ETFs: Consensus 2024

It's only a matter of time, the CEO of Ripple said on stage at Consensus 2024 in Austin.

By Sam ReynoldsMay 30, 2024

Brad Garlinghouse, CEO of Ripple, speaks at Consensus 2024. (Shutterstock/CoinDesk)

Markets

SOL, XRP Could Be Possible Candidates for ETFs, Standard Chartered Says

Standard Chartered analyst Geoffrey Kendric said that those exchange-traded funds could be on the horizon in 2025.

By Helene BraunMay 24, 2024

Scrabble letters spelling ETF arranged a rack

Policy

Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1.95B Fine in Final Judgment

The court had found Ripple violated federal securities laws by making institutional sales of XRP but dismissed other allegations brought by the SEC.

By Amitoj SinghApr 23, 2024

Ripple ad in Washington's Union Station (Nikhilesh De/CoinDesk)

Opinion

What Does Ripple’s Stablecoin Mean for XRP?

XRP has plenty of internet fans but Ripple has struggled to win real enterprise customers. Will its new stablecoin fill the gap and overshadow its existing token?

By Daniel KuhnApr 4, 2024

Ripple CEO Brad Garlinghouse (Scott Moore/Shutterstock/CoinDesk)

Tech

Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC

The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents," according to the company.

By Sam KesslerApr 4, 2024

Ripple Labs CTO David Schwartz (Ripple, modified by Coindesk)

Opinion

What Happens if the SEC Classifies ETH a Security? (Wrong Answers Only)

The reported move, if confirmed, could have serious ramifications for the blockchain’s developers. But success for the troubled regulator is far from certain and unanswered questions abound.

By Daniel KuhnMar 21, 2024

Finance

Asset Manager Jupiter’s Crypto Investment Scrapped by Compliance Team: FT

The firm's Gold & Silver fund made a $2.58 million investment in an XRP ETP in the first half of 2023, which was later cancelled.

By Parikshit MishraFeb 16, 2024

Policy

Ripple to Buy New York Crypto Trust Company to Expand U.S. Options

Standard Custody & Trust Co., which has a New York charter, will be the latest acquisition to grow Ripple's regulatory qualifications.

By Jesse HamiltonFeb 13, 2024

Policy

Ripple Must Share Financial Statements Requested by SEC, Court Rules

The statements will help a judge determine if institutional sales of XRP after the SEC lawsuit was filed in 2020 broke securities law, the SEC said in its request.

By Sandali HandagamaFeb 6, 2024