
The Blockchain Bulletin, Dec 25: RLUSD Gets Listed in Singapore Crypto Exchange
Hey everyone! Let’s have a quick recap of all that happened in the crypto world over the past 24 hours. The cryptocurrency market continues to buzz with activity, showcasing remarkable developments across sectors.
Leading the headlines is Ripple’s significant move, as its RLUSD stablecoin gets listed on Singapore’s Independent Reserve. This major development marks a crucial milestone in the ongoing crypto race between Singapore and Hong Kong, as both financial hubs compete to establish themselves as the premier destination for digital asset innovation and adoption.
The listing is expected to boost Ripple’s presence in the region and enhance liquidity for users seeking stable trading and payment options. This move has sparked optimism about Ripple’s future prospects in cross-border payments.
In other news, altcoins are rallying despite Bitcoin’s recent dip, with analysts suggesting that a new bull market may be on the horizon. Coins like XRP are attracting significant attention, with whales accumulating 40 million tokens. The strategic buying activity suggests optimism about Ripple’s ongoing legal victories and its future in cross-border payments.
Furthermore, MicroStrategy is advancing its ambitious Bitcoin acquisition strategy, seeking shareholder approval for a $4.2 billion plan to further bolster its BTC holdings. The move underlines the growing institutional adoption of Bitcoin as a treasury asset and its perceived long-term value.
Lastly, MoonPay eyes expansion through a $150 million acquisition of Helio, a company specializing in blockchain-based payment solutions. This deal could pave the way for more seamless crypto payment integrations across global markets.
Interesting to note is that In-N-Out Burger has reportedly considered allowing Dogecoin as a payment option. If implemented, it would represent a significant step forward for meme coins in mainstream retail adoption.
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