XRP-USD News & Events

Reliance Global Group completed a purchase of XRP, the native token of the XRP Ledger and the cryptocurrency used within the Ripple payment network. This transaction marks Reliance's latest measured step in its Digital Asset Treasury initiative, introducing diversified exposure to a top-tier asset recognized for its speed, scalability, and strong adoption in the global banking and financial services sector. The addition of XRP follows Reliance's earlier treasury purchases of Bitcoin, Ethereum, and Cardano. Together, these holdings reflect the Company's disciplined approach to building a diversified portfolio of digital assets that align with its long-term strategy of combining innovation, stability, and value.

VivoPower's Tembo e-LV is accepting payments from customers and partners in RLUSD, the stablecoin established by Ripple Labs. As a business that operates globally across developed as well as developing nations, Tembo has been seeking practical solutions to real-life challenges that affect conventional international wire transfers, including lead time and high transaction costs. This is particularly pronounced for partners and customers in developing markets. With RLUSD, it is possible for international wire transfers to be effectuated almost instantaneously and at a fraction of the cost of conventional wire transfers. Furthermore, given that RLUSD is pegged 1:1 against the U.S. dollar and is fully backed by USD deposits, short-term U.S. treasuries, and other cash equivalents, it provides the capital stability that non-stablecoin digital assets cannot offer.