XRP is currently available Just before it’s integrated $11.8 billion Stablecoin was published by Ethena Labs in support of USDE. The company’s risk committee recently confirmed that XRP has passed all necessary thresholds under the newly launched eligible asset framework.
XRP’s massive liquidity, market capitalization exceeds $181 billion, and by trading $10 billion comfortably and comfortably daily trading volumes, it is ready to take on a new role in the USDE ecosystem.
Ecena Eligible Asset Framework
Ethena Labs, the company behind USDE Stablecoin, recently introduced an asset framework that is eligible as a formal system to expand the collateral options that underpin USDE. According to the announcement, The framework is based on certain thresholds that an asset must meet before it is approved.
These thresholds include maintaining over $1 billion Average open interest Over two weeks, daily spot trading volumes have exceeded $100 million and permanent futures volumes have exceeded $100 million per day. Liquidity requirements are also included. For example, the depth of spot order books exceeding $500,000, or permanent futures depths over $10 million over two weeks.
XRP meets all of these requirements. In other words, from a risk perspective, it is strong enough to be considered part of USDE’s permanent futures collateral system.
For years, XRP has maintained its status as one of the most liquid digital assets on the market. At the time of writing, its market capitalization of $18.1944 billion has grown significantly over the past year. This has seen it rise in market capitalization and now it’s only sitting behind Bitcoin and Ethereum.
Beyond the numbers, XRP deep purchase orders and The existence of global transactions in exchanges In America, Europe and Asia, large transactions can be processed without disrupting price stability. This level of fluidity and depth makes XRP an ideal candidate for integration into USDE. This already covers hundreds of millions of dollars each week. for example, The data shows that USDE Mint has exceeded 670 million in the past week.
What does this mean for XRP?
According to Esena, XRP, along with the hype, only meets all the thresholds and is soon a candidate for onboarding. Only the BNB is approved as the first new eligible asset in the permanent futures portion of USDE’s collateral assistance.
If Ethena officially has the board installed for onboarding, it is a critical extension of XRP’s utility. It may not be an update that XRP holders expect, but this development can open new chapters Cryptocurrency utility and adoption.
At the same time, Ripple’s US dollar paged RLUSD has achieved its own success in the Stablecoin market. So far, RLUSD has surpassed its market capitalization of around $680 million within its first seven months and continues to grow. Additionally, Ripple extends the global presence of RLUSD By partnering with SBI VC trade to bring it to the Japanese market by early 2026.
At the time of writing, XRP is trading for $3.02 Increases by 6.5% The past 24 hours.
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