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The post Cathie Wood Warns Ripple-Backed OUSD May Not Challenge USDT, USDC appeared on BitcoinEthereumNews.com. Cathie Wood has said Ripple-backed OpenUSD may struggle to challenge USDT and USDC, even with major corporate names behind it, because stablecoin markets depend on liquidity, trust, collateral use, and daily platform integration. ARK Says Stablecoin Moats Are Built on Use According to the ARK Invest CEO, stablecoins are like the monetary networks that evolve with increasing adoption by user bases, exchanges, wallets, and payment companies. She added that USDT and USDC have already established robust network effects in the crypto trading and payments space and DeFi. In a research note, ARK Invest Director of Digital Assets Lorenzo Valente suggested that OUSD’s odds of supplanting the two biggest stablecoins are low. In his blog post “Why USDT and USDC are harder to kill than crypto Twitter thinks”, Valente also cautioned that many market participants may be overly optimistic a
Read full articleThe Ripple case is no longer in its earliest, most explosive phase, but it still has the market’s attention because the ending matters. A remedies timeline brings the dispute closer to final judgment, and XRP watchers ar
The post Circle says it cannot reissue frozen USDC as it seeks dismissal of Wisconsin complaint appeared on BitcoinEthereumNews.com. Circle has asked a Wisconsin court to dismiss a criminal contempt complaint. It argues it lacks the technical ability to comply with an order requiring it to invalidate frozen USDC and issue replacement tokens to compensate an alleged fraud victim. The filing centers on the technical limits of USDC once it leaves Circle’s custody. While the stablecoin issuer says it can freeze tokens held in third-party wallets by blocklisting addresses, it argues it cannot seize, destroy, or reissue those tokens because it does not control the wallets’ private keys. Circle argues it complied with freeze order but could not reissue USDC The dispute stems from an alleged cryptocurrency scam in which a Wisconsin resident lost more than 381,000 USDC. It was lost after the stablecoins were transferred from Crypto.com to a wallet controlled by an alleged fraudster. Prosecutor
The post XRP Keeps Plunging Against Bitcoin appeared on BitcoinEthereumNews.com. The XRP/BTC meltdown Good news fails to boost XRP The Ripple-linked XRP token continues its multi-month slide against Bitcoin (BTC), according to the recent market data. In fact, it is currently on the verge of securing its lowest close against the leading cryptocurrency since the beginning of the year. The XRP/BTC meltdown After a brief period of consolidation and a minor relief rally in June, the pair has completely rolled over in early July, breaking down toward multi-month lows. XRP Keeps Plunging Against Bitcoin $560 Million Record: CashCat Coin Takes Over Robinhood; Hyperliquid Joins XRP in Bitwise 10 Crypto Index; 105,742,020% in Bitcoin: Satoshi-Era Whale Awakens – Morning Crypto Report The pair currently hovers at 0.00001735 BTC. It is precariously near its lowest levels of the year. XRP/BTC via TradingView XRP has shed 53% of its value over the past year in USD terms, a weakness that is mag
The post Circle Hit With Criminal Complaint Over 381,000 Stolen USDC Tokens appeared on BitcoinEthereumNews.com. USDC News Wisconsin prosecutors have filed a criminal complaint against Circle, the issuer of USDC, alleging the company intentionally disobeyed a court order to recover roughly 381,000 stolen tokens for a local scam victim. The misdemeanor obstruction-of-justice charge, unusual against a firm of Circle’s size, sharpens a broader dispute over how much responsibility stablecoin issuers bear for clawing back illicit funds. At the center is a simple question: why does the world’s second-largest stablecoin issuer appear less willing than its rivals to help law enforcement recover money once it settles on-chain. Circle disputes the allegations and has moved to dismiss the case outright. The dispute traces back to a romance scam in Walworth County. In May 2025, a resident received an unsolicited text from a scammer using the name Lenora, who posed as a romantic partner and steered
The post XRP AI-Agent Payments Jump 77% on the XRP Ledger appeared on BitcoinEthereumNews.com. XRP News Autonomous AI agents on the XRP Ledger sharply increased their use of XRP over the past 24 hours, with payments settled between bots in the native token climbing 77%, according to on-chain data. Over the same window, turnover of Ripple’s dollar stablecoin, RLUSD, fell 32%, signaling that automated systems rotated their operational settlements away from the digital dollar and into XRP. The shift is playing out across the network’s growing machine-to-machine economy, where software agents pay one another for data and compute. On-chain metrics indicate the agents favored XRP during peak activity, treating RLUSD as a passive reserve rather than an active settlement rail. Much of that rotation traced back to a single protocol, ClawBank, whose 67 connected services processed 7,630 transactions in one day, on-chain data shows. The daily burst is striking: before it, the project had recorded
The post XRP price rises as SWIFT taps Ripple-linked banks for blockchain payments appeared on BitcoinEthereumNews.com. XRP price has climbed about 1.6% after SWIFT announced a blockchain payments pilot involving 17 banks, including several with Ripple ties. Summary XRP gained around 1.6% after SWIFT launched a blockchain payments pilot involving Ripple-linked banks. Spot XRP ETFs recorded $7.29 million in outflows, the largest daily withdrawal since March 2026. Technical indicators and derivatives data suggest sellers still hold the upper hand despite the rebound. According to SWIFT, the pilot will evaluate whether distributed ledger technology can support international payments across participating financial institutions. Among the banks involved are Standard Chartered and UBS, both of which have existing business ties with Ripple through crypto custody services or cross-border payment infrastructure built on the XRP Ledger. The announcement follows Ripple Treasury’s entry into the S
XRP price has climbed about 1.6% after SWIFT announced a blockchain payments pilot involving 17 banks, including several with Ripple ties. According to SWIFT, the pilot will evaluate whether distributed ledger technology can support international payments across participating financial institutions.…
The post Hyundai Card Tests Stablecoin Global Payments. appeared on BitcoinEthereumNews.com. Hyundai Card completed a $20,000 USDT transfer between US and Mexico subsidiaries in seven minutes. The pilot used Avalanche, Tether, and Axiym to test faster blockchain-based corporate payments. Hyundai Card plans Europe trials with Visa and Circle for local currency stablecoin transfers. Hyundai Card has completed a stablecoin-based cross-border payment test between Hyundai Motor subsidiaries in the United States and Mexico, marking a major step toward blockchain-powered corporate settlements. The payment company tested real intercompany transfers using stablecoins, aiming to improve international payment efficiency while exploring new financial infrastructure for global operations. Hyundai Card Completes Stablecoin Transfer Between Hyundai Units Hyundai Card, the payments division of Hyundai Motor Group, said Thursday it has completed a proof-of-concept (PoC) involving stablecoin transfers b
