ChainCatcher news, according to Cointelegraph, the XRP Ledger has reduced the base reserve requirement from 10 XRP (approximately $25.60) to 1 XRP (approximately $2.56). At the same time, the owner reserve for each account object (including NFTs, trust lines, signature lists, etc.) has been lowered from 2 XRP to 0.2 XRP. This adjustment was first disclosed by XRP validator node operator Vet.The purpose of the base reserve is to prevent the size of the ledger from exceeding the storage capacity of the nodes. Developers aimed to prevent the creation of junk accounts with almost no XRP, which is why a reserve requirement of 10 XRP was proposed to avoid this situation. However, the high reserve requirement has faced criticism from some developers, who argue that it slows down the adoption of the XRP network by users.

ChainCatcher news, Ripple Labs has conducted tests for its new stablecoin product RLUSD, including token minting and transfers, with tests carried out on the XRP Ledger and Ethereum blockchain. Over the past few months, Ripple Labs has been continuously testing RLUSD to join the rapidly growing stablecoin ecosystem. The latest minting involved approximately 9,999,700 RLUSD tokens, with the XRP Ledger index at 146.Previous news, according to FOX Business citing informed sources, the New York Department of Financial Services has indicated to Ripple that it will approve the launch of its new stablecoin product—RLUSD, which is scheduled to be launched on December 4.

ChainCatcher news, the UK crypto trading platform Archax has provided access to a money market fund of the UK asset management company abrdn in a tokenized form on the decentralized blockchain XRP Ledger (XRPL). This fund is part of abrdn's £3.8 billion liquidity fund and is the first tokenized money market fund on the XRPL.

ChainCatcher news, according to data from RootData, the Sologenic token (SOLO) has increased by 61.38% in the last 24 hours, currently priced at $0.45.Additionally, the Web3 asset data platform RootData shows that Sologenic is a tokenized ecosystem that helps users invest, trade, and tokenize assets such as stocks, ETFs, and fiat currencies on the XRP Ledger.

ChainCatcher news, Société Générale's subsidiary SG Forge will deploy its euro stablecoin EURCV on the XRP Ledger network. By deploying on XRPL, SG-FORGE aims to benefit from the network's cross-border payment and tokenization capabilities, promoting its fast settlement and low-cost transactions. EURCV will be issued using Ripple's custody service.RippleX Senior Vice President Markus Infanger stated, "Introducing trusted bank-grade stablecoins like EURCV to XRPL is crucial for enabling institutional use cases such as payments, which is a core focus for Ripple."EURCV was launched in 2023 on Ethereum and is a highly regulated product.

ChainCatcher news, according to Cointelegraph, investment bank Aurum Equity Partners has announced the launch of a $1 billion tokenized fund that will combine equity and debt assets.It is reported that this new fund will primarily invest in data center projects in the United States, UAE, Saudi Arabia, India, and Europe. The fund will utilize Zoniqx's asset tokenization solution and the Dynamic Compliance Interoperable Security Token (DyCIST) protocol, and will explore new opportunities for real-world asset tokenization (RWA) using the XRP Ledger (XRPL) blockchain.Ripple's Chief Technology Officer and XRP Ledger co-founder David Schwartz stated, "Private equity tokenization is an emerging application in the RWA space, aimed at addressing the challenges of market illiquidity and access restrictions."

ChainCatcher news, according to The Crypto Basic, Ripple will launch a new token standard "MPT" on the XRP Ledger this month, aimed at enhancing its support for Real World Assets (RWA).Ripple's DeFi product lead Jasmine Cooper explained that MPT is specifically designed for RWA and can store metadata directly with the assets. This integration enhances the scalability and flexibility of XRPL, making it more suitable for institutional use cases and lowering the entry barrier for these organizations.

ChainCatcher message, Ripple announced on social media that the stablecoin Ripple USD (RLUSD) is now in Beta testing on the XRP Ledger and Ethereum mainnet. However, RLUSD has not yet received regulatory approval, so it cannot be purchased or traded. The community should be wary of fraudsters claiming to own or distribute Ripple USD.Ripple stated that RLUSD is valued at a 1:1 ratio with the US dollar (USD) and is 100% backed by US dollar deposits, short-term US government bonds, and other cash equivalents. These reserve assets will be audited by a third-party accounting firm, and Ripple will publish proof monthly.

ChainCatcher news, according to Cointelegraph, Ripple released its Q2 XRP market report showing that on-chain transaction activity on the XRP Ledger (XRPL) decreased by 65.6% quarter-over-quarter, totaling approximately 86.38 million transactions, compared to 251.39 million transactions in Q1 2024. While transaction activity decreased, the cost per transaction surged by 168% to 0.00394 XRP per transaction. Ripple explained that this cost increases with the network load to protect the P2P network from spam. The number of new wallets was 100,746, a decrease of 45.8% quarter-over-quarter.

ChainCatcher news, the tokenization platform OpenEden will launch tokenized U.S. Treasury bills (T-bills) to the XRP Ledger and its users. OpenEden's TBILL token is backed by short-term U.S. Treasury bills and reverse repurchase agreements collateralized by U.S. Treasury bills.In addition, Ripple will provide $10 million in support for this token.

ChainCatcher news, according to Bitcoin.com, at the XRP Ledger community summit, Ripple CEO Brad Garlinghouse announced the name of Ripple's new stablecoin -- $RLUSD.Previous news, according to CoinDesk, Ripple will issue a dollar-backed stablecoin. The company stated that the token is planned to be issued "later this year" and will be "100% backed by dollar deposits, short-term U.S. government bonds, and other cash equivalents." The stablecoin will first be deployed on Ripple's institution-focused XRP Ledger and the Ethereum blockchain, and will be based on the Ethereum ERC-20 token standard.

ChainCatcher news, according to official sources, Ripple has announced the launch of the XRPL Japan and Korea Fund, dedicated to supporting innovation on the XRP Ledger (XRPL). It will be used to support corporate partners, developer grants, startup investments, and community development, among others.

ChainCatcher news, cryptocurrency solution company Ripple recently launched a local fund to support projects in Brazil using the XRP blockchain XRP Ledger (XRPL) as a tool to enhance their capabilities.XRPL grants program manager Julia Heitner stated that Brazil is the first country to implement this local initiative, due to various factors favorable to blockchain initiatives. These factors include "the country's advanced developer ecosystem, mature digital payment infrastructure, and forward-looking public policies regarding capital markets tokenization."While the company did not specify the amount allocated to this pilot fund, projects applying for XRPL grants can typically receive funding ranging from $10,000 to $200,000. The XRPL grants website clearly states that rewards of $100,000 and above are usually destined for developers who have previously completed similar projects.

ChainCatcher news, according to official sources, Ripple has collaborated with Evmos to develop the XRP Ledger EVM sidechain, which will be built using evmOS technology. evmOS is a modular and customizable technology stack provided by Evmos, leveraging Cosmos SDK, IBC, and CometBFT to bring EVM compatibility to Web3 enterprises.

ChainCatcher news, according to CoinDesk, Ripple will issue a dollar-backed stablecoin.The company stated that the token is planned to be issued "later this year" and will be "100% backed by dollar deposits, short-term U.S. government bonds, and other cash equivalents." The stablecoin will first be deployed on Ripple's institution-focused XRP Ledger and the Ethereum blockchain, and will be based on the Ethereum ERC-20 token standard.

ChainCatcher news, the decentralized oracle project Band Protocol announced that it will integrate price feeds with the XRP Ledger (XRPL) ecosystem, and Band Protocol will become the main oracle provider for the XRPL mainnet and its EVM sidechains.

ChainCatcher news, Ripple software engineer Gregory Tsipenyuk has posted a new proposal "0045 XLS-45d Price Oracle" on GitHub, aimed at introducing a native on-chain oracle in the decentralized network XRP Ledger. In addition to integrating it into the Automated Market Making (AMM) mechanism, it will also bring real-world market prices, exchange rates, interest rates, and other data into the XRP Ledger blockchain.

ChainCatcher news, Ducati has announced the launch of its first digital collectible on the XRP Ledger, which will feature a video sequence of the Ducati logo on motorcycle fuel tanks produced since 1946.Ducati's CEO Claudio Domenicali confirmed the importance of Web3 innovation in providing fans with an immersive brand experience, stating that entering Web3 is another way to connect more closely with the Ducati community. It also offers an opportunity to meet a new community of NFT (non-fungible token) enthusiasts and provide them with a unique Ducati-style experience, collecting digital assets specifically developed for this new dimension of the brand.

ChainCatcher news, CertiK announced that it has completed the audit of the automated market maker (AMM) on the XRP Ledger. During the audit, CertiK examined potential vulnerabilities in the underlying smart contract architecture and assessed the overall security of the AMM.CertiK's Chief Business Officer Jason Jiang stated, "CertiK's goal is to build a safer and more reliable blockchain ecosystem; the implementation of AMM on XRPL represents an important evolution of decentralized exchange functionality, and we are honored to ensure it meets the highest security standards." (source link)

ChainCatcher news, Messari released the XRP Ledger Q2 2023 report, indicating that the market capitalization of XRP fell to $24.8 billion in the second quarter, a decrease of 10.7% quarter-over-quarter; the average daily NFT trading volume increased by 12.7%, rising from 13,800 transactions to 15,500 transactions. The average daily trading volume and the average daily active addresses decreased by 11.9% and 17.6% quarter-over-quarter, respectively. (source link)