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XRP Creator's RLUSD Hits $1B Milestone

Ripple’s RLUSD stablecoin has exceeded $1 billion in market capitalization less than a year after its launch in December 2024, becoming the 10th largest U.S. dollar-backed stablecoin. Its growth has been driven by increasing institutional demand and expanding payment flows, with a significant portion of its supply issued on the Ethereum blockchain and XRP Ledger. Ripple President Monica Long noted that RLUSD serves as the primary stablecoin for payment flows, contributing to nearly $100 billion in processed payments. Ripple has also pursued an active acquisition strategy, enhancing its services for institutional clients. Key acquisitions include the purchase of Hidden Road for $1.25 billion and Rail for $200 million. Overall, RLUSD's rapid ascent signals a strong early demand, reflecting Ripple's ability to leverage its existing customer base and financial network to promote adoption.

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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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