{"id":167959,"date":"2025-09-25T08:08:09","date_gmt":"2025-09-25T08:08:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/167959\/"},"modified":"2025-09-25T08:08:09","modified_gmt":"2025-09-25T08:08:09","slug":"can-xrp-extend-its-recovery-after-ripple-blackrock-partnership","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/167959\/","title":{"rendered":"Can XRP extend its recovery after Ripple-BlackRock partnership?"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways
\nHow will Ripple help BlackRock?\u00a0<\/p>\n

Fund holders of BlackRock\u2019s BUIDL can redeem the shares to RLUSD for fast and efficient on-chain liquidity.\u00a0<\/p>\n

How will it benefit XRP?\u00a0<\/p>\n

The update did not stir XRP as the altcoin under the whims of the broader market sentiment.\u00a0<\/p>\n

Ripple [XRP]<\/a> has announced off-ramp support for BlackRock\u2019s tokenized money market fund, BUIDL, allowing fund holders to swap 1:1 with its stablecoin RLUSD.\u00a0<\/p>\n

A similar feature will be enabled for VanEck\u2019s tokenized product, VBILL, in the coming days. According to Ripple CEO Brad Garlinghouse, the move was a \u2018real utility<\/a>\u2019 for users to have on-chain liquidity on the go.\u00a0<\/p>\n

He added that the swap feature will be available on Ethereum [ETH]<\/a> but will be expanded into the XRPL ecosystem.\u00a0<\/p>\n

\"Ripple-BlackRock<\/a><\/p>\n

Source: X<\/p>\n

Market reactions<\/p>\n

The off-ramping will be achieved through a partnership with Securitize, the real-world asset tokenization powering the VBILL and BUILD products.\u00a0<\/p>\n

Conventionally, the off-ramping for these two tokenized treasury funds involves off-chain through bank transfers or equivalent cash via Securitize. <\/p>\n

This could take more time for settlement, hence the on-chain exit like RLUSD can be more efficient.\u00a0<\/p>\n

But RLUSD isn\u2019t the first one to offer this feature. Circle made the first move in April 2024, allowing<\/a> BlackRock\u2019s BUIDL fund holders to cash out via USDC.<\/p>\n

As of writing, RLUSD had a market cap of $742 million, with an 8% growth in the past month. Circle\u2019s USDC, on the other hand, had a $73.6B market size and ranked second only to Tether\u2019s USDT.\u00a0<\/p>\n

\"Ripple-BlackRock<\/a><\/p>\n

Source: DeFiLlama<\/p>\n

Some notable rival stablecoins that posted double-digit growth over the same period were Ethena\u2019s [ENA]<\/a>\u00a0USDe and PayPal\u2019s PYUSD.\u00a0<\/p>\n

For Ethena, its high yield has been a key selling point, while PYUSD has scored several partnerships on top of its 4% yield rate.\u00a0<\/p>\n

However, RLUSD was launched last December, so the current pace of growth was commendable too. In fact, its aggressive expansion towards institutional clients could fuel its growth.\u00a0<\/p>\n

For Jack McDonald, SVP of stablecoins at Ripple, the latest partnership will be a \u2018natural step\u2019 to bridge traditional finance and crypto.<\/p>\n

For his part, Carlos Domingo, CEO of Securitize, said<\/a> the integration will help \u2018automate liquidity for tokenized assets.\u2019<\/p>\n

That said, XRP, like the rest of the market, was barely holding itself together after the recent liquidation cascade. <\/p>\n

It was down about 10% from its September high of $3.2 but defended the H2 support at $2.7, raising recovery<\/a> hopes.\u00a0\u00a0But price action formed a bearish descending triangle pattern, which could drag it lower if validated.\u00a0<\/p>\n

\"Ripple-BlackRock\"<\/a><\/p>\n

Source: XRP\/USDT, TradingView\u00a0<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tPrevious: Story [IP] falls 10% in 24 hours \u2013 But this dip might be temporary<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Here\u2019s how ASTER whales are turning panic into profits!<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways How will Ripple help BlackRock?\u00a0 Fund holders of BlackRock\u2019s BUIDL can redeem the shares to RLUSD…\n","protected":false},"author":2,"featured_media":167960,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[53,45,49,48],"class_list":["post-167959","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ambcrypto","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/167959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=167959"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/167959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/167960"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=167959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=167959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=167959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}