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XRP Creator's RLUSD Hits $1B Milestone

Ripple's RLUSD stablecoin has soared past $1 billion in market capitalization just under a year after its launch in December 2024, now ranking as the 10th largest U.S. dollar-backed stablecoin. The token's growth is attributed to increasing institutional demand and an expanding payments infrastructure facilitated by Ripple. Currently, RLUSD is distributed with $819 million on Ethereum and $203 million on the XRP Ledger. Ripple, processing nearly $100 billion in payment volume, has leveraged its global network to quicken RLUSD's adoption, attracting both institutional clients and retail users. Ripple President Monica Long noted a 100% increase in their customer base and highlighted the recent acquisitions of four firms to boost their offerings in digital assets. Long also stated that RLUSD is the primary stablecoin for payment flows within Ripple's growing ecosystem. Although RLUSD's market cap is modest compared to Tether's USDT and Circle's USDC, its rapid ascent indicates strong early interest and confidence in the token's potential within the stablecoin sector.

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US Treasury Sanctions North Korean Bankers for Crypto Crime

The U.S. Treasury has sanctioned eight North Korean bankers and two companies for their involvement in laundering stolen cryptocurrency to support North Korea's weapons programs. These operatives, predominantly based in China and Russia, utilized international financial networks to obscure the origins of funds obtained from ransomware attacks

US Treasury Sanctions North Korean Bankers Tied to Crypto Crime

The U.S. Treasury Department has sanctioned eight North Korean bankers and two companies for laundering stolen cryptocurrency to support North Korea's weapons programs. Officials reported that these bankers, primarily operating from China and Russia, utilized international financial networks to disguise funds derived from ransomware and crypto thefts.

US Treasury Sanctions Web of North Korean Bankers Tied to Global Crypto Crime Operation

The U.S. Treasury has sanctioned eight North Korean bankers, two companies, and 53 cryptocurrency wallets for laundering stolen funds to support North Korea's weapons programs. These individuals, primarily based in China and Russia, allegedly utilized international financial networks to obscure the origins of funds from ransomware attacks

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