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Ripple (XRP) News Today: March 3rd

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Ripple continues to draw attention due to important developments concerning its entire ecosystem.

The company’s native token, XRP, has posted a minor recovery over the past week, but some indicators suggest a renewed downfall could be knocking on the door.

Ripple & Hidden Road

The firm made the headlines in April last year when it announced it would purchase the brokerage platform Hidden Road for a whopping $1.25 billion. The official conclusion of the deal occurred in October 2025.

Some industry participants described the acquisition as a “game changer” because it gives Ripple direct control over a prime brokerage that processes over $3 trillion in volume every year. This makes it much easier for banks, hedge funds, and other large players to use XRP in settlements, thereby increasing its institutional adoption.

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A recent DTCC notice revealed that Hidden Road has officially gone live on the National Securities Clearing Corporation (NSCC) on March 2nd. The X account BankXRP shared the news, arguing:

“Ripple Prime’s role in bridging TradFi and DeFi will likely move post-trade volume to the XRPL.”

David Schwartz – one of the original architects of the XRP Ledger and CTO Emeritus at Ripple – also touched upon the matter, saying that the development “seems important.”

RLUSD’s Progress

Ripple’s stablecoin, dubbed RLUSD, officially saw the light of day in late 2024 and has been gradually advancing ever since. The product, pegged 1:1 to the US dollar, received backing from numerous exchanges and renowned banking institutions, such as the oldest American bank, BNY Mellon.

RLUSD’s market cap now nears $1.6 billion, with X user SMQKE recently noting that the stablecoin has grown “much faster” than Circle’s USDC in its first year.

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Several hours ago, another 69 million tokens were minted at the RLUSD Treasury, with Vet emphasizing that this is the largest single mint to date.

The ETFs

In November last year, Canary Capital became the first company to launch a spot XRP ETF in the US, which has 100% exposure to the token. The renowned names that followed suit shortly after include Bitwise, Franklin Templeton, 21Shares, and Grayscale.

Initially, the investment vehicles were a major success, with millions of dollars pouring in during the first weeks, generating a cumulative net inflow of roughly $1.25 billion to date. Lately, though, that momentum has noticeably faded.

Spot XRP ETFs
Spot XRP ETFs, Source: SoSoValue

XRP Price Outlook

As of this writing, Ripple’s native cryptocurrency trades around $1.35, representing a minor 1.5% increase on a weekly scale. However, the market’s overall bearish condition, as well as certain indicators, hint that a new pullback could be on the way.

For example, almost 500 million XRP (worth around $650 million) have been transferred to Binance following the escalating military conflict between the USA and Iran. This is considered a bearish factor as it may suggest that investors are preparing to cash out.

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On the other hand, XRP’s Relative Strength Index (RSI) has fallen to 30 on a weekly scale. The development indicates that the asset is oversold and could be due for a short-term resurgence. The metric runs from 0 to 100, where anything above 70 is seen as bearish territory.

XRP RSI
XRP RSI, Source: CryptoWaves

The post Ripple (XRP) News Today: March 3rd appeared first on CryptoPotato.

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Crypto World

Stablecoins Do Not Threaten Banking Just Yet: Analyst

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Stablecoins Do Not Threaten Banking Just Yet: Analyst

The impact of stablecoins on the banking sector appears “limited” at the current phase of the adoption cycle, but banks could face increasing competition and an erosion of market share as the stablecoin sector and tokenized real-world assets (RWAs) grow in market capitalization. 

“So far, the use of stablecoins remains limited, but their market capitalization exceeded $300 billion at the end of last year,” Abhi Srivastava, associate vice president of Moody’s Investors Service Digital Economy Group, told Cointelegraph.

The stablecoin market cap has surged past $300 billion. Source: RWA.xyz

The role of stablecoins in payments, cross-border commerce and onchain finance is “expanding,” despite their currently limited role, Srivastava said, adding that existing payment systems in the US are already “fast, low-cost and trusted.” He said:

“For the banking sector, at this stage, disruption risk appears limited. In the near term, US rules that prohibit stablecoins from paying yield mean they are unlikely to replace traditional deposits at scale domestically.”

However, over time, growing adoption of stablecoins and tokenized RWAs, traditional or physical financial assets represented on a blockchain by a token, could place “pressure” on the banking sector, leading to deposit outflows and reduced lending capacity, he said.

Stablecoin regulatory policy has become a hot-button issue among crypto industry executives and those in the banking sector, with fears that yield-bearing stablecoins could erode banking market share proving to be a stumbling block for the CLARITY crypto market structure bill in Congress. 

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Related: Stablecoins behave like FX markets as liquidity splits: Eco CEO

CLARITY Act stalled, as banks fight yield-bearing stablecoins

The Digital Asset Market Clarity Act of 2025, also known as the CLARITY Act, is a comprehensive crypto market regulatory framework that establishes an asset taxonomy, regulatory jurisdiction and oversight over the crypto markets.

The CLARITY crypto market structure bill. Source: US Congress

It is now stalled in Congress after a group of crypto industry companies, led by cryptocurrency exchange Coinbase, publicly stated opposition to earlier drafts of the bill.

A lack of legal protections for open-source software developers and a prohibition on yield-bearing stablecoins were among some of the most contentious issues cited by crypto industry opponents of the legislation.

Several attempts have been made by US lawmakers and the White House to negotiate a bill acceptable to both the crypto industry and the bank lobby.

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Earlier this month, North Carolina Senator Thom Tillis said he plans to release an updated draft bill proposal that would be acceptable to both sides; however, the bill has reportedly received pushback, according to Politico, and has yet to be publicly released. 

However, other crypto industry executives and market analysts have warned that if the CLARITY Act fails to pass, it could open the crypto industry up to future regulatory crackdowns by hostile lawmakers and officials.

Magazine: Stablecoins will see explosive growth in 2025 as world embraces asset class