In a recent post on the social media platform X (formerly Twitter), San Francisco-based blockchain giant Ripple, led by Brad Garlinghouse, declared that blockchain is revolutionizing finance. Ripple is reshaping finance and payments The post specifically emphasized Ripple's role in this transformation, stating that these changes extend beyond finance: “Blockchain is changing finance…and just about everything else, too. ” Accompanying the post was a brief promotional video showcasing Ripple's key operational areas: “Payments. Custody. Stablecoin. ” Last year, Ripple launched a new product, its dollar-pegged stablecoin RLUSD, which was officially released in December. Ripple USD enables the company to address two of the highlighted sectors – cross-border payments and stablecoins. RLUSD has been integrated into Ripple Payments, which previously utilized only XRP for sending transactions domestically and internationally across borders. Ripple’s RLUSD gains new exchange listings The cross-border payments market is currently valued at just under $32 trillion and is projected to grow to $50 trillion within the next decade.

With cryptocurrency, this payment system can bypass the need for multiple intermediaries such as banks, payment platforms, or fintech companies. Recently, major crypto exchanges have added support for RLUSD. This week, two leading platforms, Bitget and Euler Labs, incorporated Ripple’s latest product. The XRP community reacted to this optimistic post with a flood of comments, mixing enthusiasm with skepticism. Some users questioned the post’s meaning, asking others for clarification: “How?What’s happening?What’s the context of this post?” Another user accused Ripple of dumping XRP tokens onto the market, causing oversupply: “When are you dumping more tokens?” SEC dismisses lawsuit against Binance. US According to U. Today, the new leadership of the US Securities and Exchange Commission (SEC) has dropped its lawsuit against Binance’s American branch, Binance. US. Back in June 2023, the SEC filed suit against Binance. US and its former CEO Changpeng Zhao, accusing them of “artificially inflating trading volumes, diverting customer funds, and misleading investors about its surveillance controls, ” as reported by Reuters. Now, the regulator has withdrawn this case, following similar dismissals of lawsuits against Coinbase and Kraken earlier this year.