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Australia approves AUDC to issue a regulated Australian dollar stablecoin on the XRP Ledger

The Australian Securities and Investments Commission (ASIC) has approved AUDC Pty Ltd to issue a regulated Australian dollar stablecoin on the XRP Ledger. This approval marks a significant step forward for Australia in digital asset regulation. Regulated stablecoins can help traditional financial institutions conduct compliant on-chain payments and cross-border settlements. The XRP Ledger is the preferred platform due to its real-time settlement, high throughput, and low costs, and is expected to attract more fintech companies into Australia's digital financial ecosystem in the future.

Bitwise donates $100,000 to Ethereum open-source developers

Bitwise Asset Management announces a $100,000 donation to Ethereum open-source developers to support Protocol Guild and PBS Foundation. This is part of Bitwise's annual support for open-source developers, which previously included a $233,000 donation to Bitcoin developers.

XRP Today's News: Musk X Money Beta Released, Sparks On-Chain Integration Speculation

Elon Musk's X company has launched a beta version of the X Money payment system, allowing users to transfer and manage funds, sparking widespread discussion about XRP integration. Although there are no official plans for cryptocurrency integration at the moment, the market is generally optimistic. Analysts believe that XRP has design advantages for payments, especially with improved regulatory environments, making it more promising. However, the practicality of stablecoins is also under scrutiny. XRP is currently testing the $1.50 technical resistance level. If successfully broken through, it could trigger further gains.

Tether is expanding its global payment footprint by investing in Axiym to establish settlement corridors in 140 countries.

Tether makes a strategic investment in fintech company Axiym with the goal of integrating USDT into Axiym's regulated payment ecosystem to improve cross-border payment processes. Axiym has a decentralized settlement infrastructure in 140 countries, which can enhance the efficiency of fund flows and optimize the payment experience. This investment marks Tether's transition from a single stablecoin issuer to a participant in broader payment infrastructure, promoting global financial inclusion.

Solana's Largest DEX Aggregator » Jupiter Launches On-Chain Visa Card: Zero Fees for USDC Top-Ups, Aiming to Transform into a Decentralized New Bank

Solana Ecosystem Protocol Jupiter Launches Virtual Visa Card Jupiter Card, Allowing Users to Top Up with USDC Fee-Free and Exchange 1:1 USD. The card can be used at Visa-accepting merchants worldwide and offers two card level options. Jupiter has partnered with Noah with the goal of transforming into a decentralized new bank, providing more financial services and attracting a large user base. Its success remains to be seen before market validation.

Ripple's "dark road" connects to Wall Street's core—Is XRP's spring coming?

Ripple, through the acquisition of Hidden Road and gaining eligibility to participate in DTCC, has become part of the core clearing system of the U.S. financial markets. This marks that it is no longer an outsider to traditional finance and is integrating crypto assets with financial infrastructure. Despite challenges such as regulation and trust, Ripple's strategic positioning suggests that XRP could become a key asset for institutional-level settlements in the future.