Robinhood's CEO Just Revealed What's Coming For Ripple XRP and It's Shocking

The crypto space is heating up again, and this time, Ripple and Robinhood are right in the middle of it.

The crypto industry is buzzing with activity as several key players, including Ripple and Robinhood, make headlines. In a recent video by NCashOfficial, boasting over 200,000 subscribers, some noteworthy updates and moves were discussed.

From stablecoins going global to new tokenized stock offerings (ETOs) and upgrades on the XRP Ledger, the crypto landscape is rapidly evolving. If you’re not paying attention, you might miss out on the next major wave of crypto adoption.

Robinhood is reportedly preparing for 24/7 trading, an initiative that is closely tied to blockchain technology. This was highlighted by Vlad Tenev, CEO of Robinhood, at a recent House subcommittee hearing.

Additionally, there’s speculation that Robinhood could be acquiring Bitstamp, one of the oldest cryptocurrency exchanges. This move aligns with Bitstamp’s plans to launch a new derivatives exchange, powered by Ripple’s XRP Ledger.

If these rumors are true, it seems like Robinhood and Ripple could be converging toward a significant collaboration that might revolutionize the way people trade.

Ripple’s ROUSD Gains Momentum, More Stablecoins Coming

On the other hand, Ripple is setting the stage for a global stablecoin network. Its new stablecoin, ROUSD, is gaining traction in cross-border payments.

Moreover, there are rumors of new stablecoins like ROEURO and ROPound. These moves come as companies like Stripe expand their stablecoin capabilities to over 100 countries.

Monica Long from Ripple mentioned that clear regulations and liquidity across currencies are the next big hurdles, but the path is opening up.

Meanwhile, Ripple is introducing a new token standard called Multi-Purpose Tokens (MPTs). These tokens are designed for use cases in the real world, such as tokenized bonds, T-bills, and more.

Jasmine Cooper from RippleX explained how this will make it easier for institutions to build on the XRP Ledger with better flexibility and embedded metadata.

Institutions Are Quickly Adopting Tokenization

Other companies, including BlackRock, Fidelity, NASDAQ, and others, are also making swift progress in tokenization.

Superstate just launched a platform for tokenized equities, and Stripe and Ramp are expanding their stablecoin tools. Matt Hougan from Bitwise said that stocks could move on-chain faster than most people expect.

Recently, these companies, including Robinhood’s crypto team, met at an SEC roundtable to discuss bringing traditional assets like stocks and bonds onto blockchains.

And guess what? Ripple already has the tools to make that dream a reality.

U.S. Stablecoin Bill Delayed, Industry Pushes Forward

While all this innovation is taking off, U.S. lawmakers are still dragging their feet. The GENESIS Act, a bill that would give stablecoins a clear regulatory framework, was delayed in the Senate.

Brad Garlinghouse, CEO of Ripple, and Scott Bent expressed their disappointment. They warned that without strong U.S. leadership, innovation will move offshore quickly.

Despite the delay, stablecoin trading volumes are increasing and momentum is building.

Whether it’s Ripple’s expanding stablecoin ecosystem or Robinhood’s blockchain ambitions, the direction is clear: crypto is forging full speed ahead, and this might just be the beginning.

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