ripple bank bid pushback - Bank of America’s Bold XRP Move: Ripple’s RLUSD Push Defies SEC Pressure
?? DESCRIPTION
Ripple XRP move takes a dramatic turn as Bank of America adopts XRP for internal transactions. David Stryzewski revealed this major shift on FOX Business. At the same time, Ripple’s RLUSD stablecoin is expanding to more exchanges despite regulatory challenges.
Also Read: Shiba Inu: How To Be A Millionaire When SHIB Hits $0.00075?
Ripple’s RLUSD adoption in DeFi, SEC’s Legal Pressure & Market Volatility
Bank of America’s Strategic XRP Integration
The latest Ripple XRP move gained attention when David Stryzewski spoke on FOX Business. “Bank of America was doing 100% of their internal transactions” through XRP, he stated. The bank now holds 83 blockchain patents tied to Ripple’s technology. Stryzewski added, “XRP is going to be the track that everything runs on in the future.”
JUST IN: Fox Business Discussing Ripple & $XRP Connection To Bank of America!
— Good Morning Crypto (@AbsGMCrypto) January 7, 2025
“Ripple is going to be the track that everything is running on in the future”
“Bank of America, like I said, was doing 100% of their internal transactions. They have 83 different patents on it… pic.twitter.com/U9zoEfnCQB
Also Read: Ripple: How High Can XRP Go This Bull Cycle?
RLUSD Expansion, DeFi Integration, & Ripple’s President Statements
.@Ripple x @Chainlink: $RLUSD has adopted the Chainlink standard for verifiable data to fuel DeFi adoption with real-time, secure pricing data.
— Ripple (@Ripple) January 7, 2025
The future of stablecoins is here: https://t.co/mq3cThLGQJ pic.twitter.com/993Ac0o282
Ripple president Monica Long plans to “imminently list RLUSD on more exchange platforms.”RLUSD now has 58,823,317.55 tokens across Ethereum and XRP networks. The Ripple XRP move into DeFi got stronger through a new Chainlink partnership for price data.
Ripple President Monica Long expects to see their new stablecoin RLUSD on more platforms "imminently" and says we will see an XRP ETF soon https://t.co/e4TuV4XPv3 pic.twitter.com/LhfIMNDDs9
— Bloomberg Crypto (@crypto) January 7, 2025
Regulatory Landscape and Market Impact
I love America, warts and all!
— John E Deaton (@JohnEDeaton1) January 8, 2025
Think about the turnaround of events for an entire industry in just 2 years. No CEO or company represents that turnaround more than @bgarlinghouse and @Ripple (with its GC, @s_alderoty).
Not only was Ripple unfairly sued, Garlinghouse was… https://t.co/fCWNf0flcD
Pro-XRP lawyer John Deaton spoke about the SEC case: “Not only was Ripple unfairly sued, Garlinghouse was individually sued in a non-fraud case. Anyone familiar with the Ripple litigation knows the SEC played dirty, pushing ethical limits.”Still, RLUSD keeps growing, with 795 holders and 1,761 transactions.
Japanese Banking Sector Integration
The Ripple XRP move now reaches Japan’s banks, and SBI CEO Yoshitaka Kitao says they’ll use XRP Ledger. If just 1% of Japan’s $6.372 trillion banking sector adopts it, XRP could gain $63.72 billion in market value.
Also Read: Bitcoin Plummets Below $96K: Is Your Investment Safe?
Future Outlook and Market Dynamics
RLUSD keeps 40,000,043.01 tokens (68%) in its deployer account for stability. Bank of America sits on RippleNet’s Governance Committee with Nium, Santander, and Standard Chartered. This setup helps both RLUSD and XRP grow stronger.
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