Ripple’s stablecoin (RLUSD) is accelerating its entry into traditional finance as demand for stablecoins surges globally. AMINA Bank AG (AMINA Bank) has become the first bank in the world to support Ripple’s RLUSD, signaling growing institutional confidence in crypto-backed assets.
Ripple (XRP) bulls face increasing overhead pressure, which continues to cap their recovery below the resistance level at $2.22. The cross-border money transfer token is trading at $2.17, down over 1% on the Monday.
Altcoin exchange-traded funds (ETFs) received a boost in approval odds on Friday from Bloomberg analysts James Seyffart and Eric Balchunas, with most of them now having a 90% chance of approval.