Ripple Labs signed five major partnerships in February alone and grew RLUSD stablecoin to $1.56 billion market cap, yet XRP (CRYPTO: XRP) still crashed 40% from $2.40 to $1.35 as institutional deals failed to translate into token demand.
The January Launch
Ripple unveiled Ripple Treasury on January 30, an enterprise platform born from its $1 billion acquisition of Chicago-based GTreasury.
The product lets corporate finance teams manage traditional cash and digital assets through a single system, moving money across borders in three to five seconds using RLUSD instead of three to five business days via bank wires.
The platform connects companies to overnight repo markets and tokenized money-market funds, including BlackRock’s (NYSE:BLK) BUIDL fund, so businesses can earn yield on idle cash around the clock.
February: Ripple’s Strongest Month Of Institutional Adoption
- Deutsche Bank integrated Ripple’s payment infrastructure for cross-border transfers.
- Aviva Investors partnered with Ripple to tokenize fund structures on the XRP Ledger.
- Additionally, Zand, a UAE digital bank, signed on for stablecoin payment solutions.
- Meanwhile, Société Générale’s SG-FORGE …