SWIFT Veteran Hails RLUSD as ‘Game-Changer,’ TON Surges 80% in Whale Activity, Binance to Delist Three Popular Assets: Crypto News Digest by U.Today

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As a seasoned researcher with a penchant for all things crypto, I find myself intrigued by these latest developments. The launch of RLUSD by Ripple is indeed a significant step forward in the world of stablecoins and cross-border payments. Having witnessed the rise and fall of numerous projects, it’s refreshing to see one that has the backing of industry veterans like Andre Casterman.

U.Today presents the top three crypto news stories over the past day.

Ripple USD (RLUSD) is “game-changer,” SWIFT veteran says

The news about the launch of a new competitor of USDT and USDC stablecoins, Ripple’s RLUSD, is making waves across the internet, with many prominent figures in the industry celebrating the development. Andre Casterman, the former global head of corporate and trade markets at SWIFT, wrote in his recent X post that the new stablecoin by Ripple will be a “game changer” for cross-border payments. “Corporates and SMEs will be the first ones to love it. Working capital lenders will extend the faster settlement benefits to their SME clients,” Casterman believes. As a reminder, Ripple announced the launch of RLUSD on Tuesday, following the stablecoin’s approval by the New York State Department of Financial Services just one week prior.

Toncoin (TON) surges 80% in whale activity amid $405 million market sell-off

Yesterday saw a significant rise in large-scale transactions for Toncoin (TON), with transaction volumes soaring by around 80%. As per IntoTheBlock’s data, the total volume of such transactions amounted to approximately 1.68 billion TON, equivalent to around $9.75 billion. This spike in activity comes during a broader market downturn, where $405 million in crypto assets have been liquidated, according to CoinGlass.

Binance to delist three popular assets, here are the tickers

In a recent announcement on their blog, Binance has decided to remove three cryptocurrencies from its platform: Kaon (AKRO), previously known as Akropolis, Bluzelle (BLZ), and WazirX (WRX). This action is set to take place on Dec 25, 2024, at 3:00 a.m. UTC, leading to the elimination of certain trading pairs like AKRO/USDT, BLZ/BTC, BLZ/USDT and WRX/USDT. Binance regularly assesses the digital assets they list to maintain their high standards, and if a coin or token no longer meets these criteria or the industry evolves, they conduct a thorough review and may decide to remove it. After the delisting, deposits and withdrawals for these tokens will be discontinued on Dec 25 and 26 respectively, but the opportunity to convert them into stablecoins will be available after that.

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2024-12-19 19:51