Ripple has announced a strategic partnership with the fintech firm Convera and expanded institutional access on Hyperliquid. Its stablecoin RLUSD continues to gain exchange listings, including a new one in South Korea, despite its market capitalization adjusting to approximately $1.23 billion. Meanwhile, XRP’s price remains around $1.35, but recent whale accumulation of 190 million tokens suggests potential underlying interest.
Ripple has entered a strategic collaboration with the cross-border payments specialist Convera. The partnership aims to offer crypto-enabled payment and treasury solutions for businesses utilizing a “stablecoin sandwich” settlement model. “Ripple is a clear leader in the crypto space and a natural fit for Convera,” stated Convera’s CEO Patrick Gauthier.
The company has also expanded its Ripple Prime integration with Hyperliquid to HIP-3 products. This development enables institutional-grade access to on-chain perpetual contracts for traditional assets like gold and oil.
Furthermore, Ripple launched Digital Asset Accounts and Unified Treasury products. These allow corporations to manage fiat and cryptocurrencies within a single system, eliminating manual reconciliation.
The company’s US dollar-pegged stablecoin RLUSD has been listed on Coinone, a major South Korean exchange, for direct trading in KRW. It has previously been listed on other platforms including Binance, Kraken, and Gemini.
RLUSD’s market capitalization currently stands at around $1.23 billion. An analyst disclosed that Gemini recently redeemed 128 million RLUSD via burning on the XRP Ledger with Ripple.
XRP’s price is approximately $1.35, reflecting a 10% decline over two weeks. Despite retail interest cooling, large investors have acquired 190 million tokens in the past week. “This is a very ideal situation,” an analyst claimed regarding whale accumulation.
