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XRP-linked firm rolls out platform after $1 billion GTreasury deal

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XRP-linked firm rolls out platform after $1 billion GTreasury deal

Blockchain-based payments firm Ripple launched a new enterprise product, Ripple Treasury, earlier this week that’s aimed at helping companies manage traditional cash and digital assets within a single system, following its $1 billion acquisition of treasury software firm GTreasury last year.

The platform allows corporate finance teams to move money across borders using Ripple’s RLUSD stablecoin, settling payments in three to five seconds instead of the three to five business days typical for bank wires.

Ripple says the system is designed to reduce idle capital and simplify liquidity management for global firms.

Ripple Treasury integrates directly with corporate treasury workflows through APIs, pulling balances and transactions from digital asset platforms into the same dashboards used for cash, debt and short-term investments.

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The idea is to let firms treat crypto rails as an extension of their existing banking infrastructure, rather than a separate system managed manually.

Beyond payments, the platform connects users to overnight repo markets and tokenized money-market funds, including BlackRock’s BUIDL. That allows companies to earn yield on excess cash around the clock, instead of parking funds in bank accounts that stop operating outside business hours.

The launch marks Ripple’s first major product release since acquiring Chicago-based GTreasury in October, a deal that brought decades of enterprise treasury experience into the company.

Ripple is also leaning on infrastructure from Hidden Road, the prime brokerage it bought last year, to provide access to short-term funding markets.

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Crypto World

Ethereum L2 Builders Debate Scaling Role After Vitalik’s Rollup Rethink

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Ethereum L2 Builders Debate Scaling Role After Vitalik’s Rollup Rethink

Several layer-2 builders responded after Ethereum co-founder Vitalik Buterin said the original vision of L2s as the primary scaling engine “no longer makes sense,” calling for a shift toward specialization.

In a Wednesday post, Buterin argued that many L2s have failed to fully inherit Ethereum’s security due to continued reliance on multisig bridges, while the base layer is increasingly capable of handling more throughput via gas-limit increases and future native rollups.

The comments prompted responses from Ethereum layer 2s, who broadly agreed that rollups must evolve beyond being cheaper versions of Ethereum but diverged on whether scaling should remain central to their role.

The Ethereum ecosystem is grappling with a shifting roadmap that aims to make the base layer more capable, while L2s reposition themselves as specialized environments serving distinct technical needs.

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Ethereum L2 builders accept shift, differ on scaling’s role

Karl Floersch, a co-founder of the Optimism Foundation, said in an X post that he welcomed the challenge of building a modular L2 stack that supports “the full spectrum of decentralization.”

Source: Karl Floersch

He also acknowledged that major hurdles exist. These include long withdrawal windows, the lack of production-ready Stage 2 proofs and insufficient tooling for cross-chain apps. 

“Stage 2 isn’t production-ready,” Floersch wrote, adding that existing proofs are not yet secure enough to support major bridges. He also supported native Ethereum precompile for rollups, a concept that Buterin recently emphasized as a way to make trustless verification more accessible.

Steven Goldfeder, the co-founder of Arbitrum developer Offchain Labs, took a more forceful stance in a lengthy X thread. He argued that while the rollup model has evolved, scaling remains a core value of L2s. 

Goldfeder said Arbitrum was not built as a “service to Ethereum,” but because Ethereum provides a high-security, low-cost settlement layer that makes large-scale rollups viable.

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Source: Steven Goldfeder

He also pushed back on the idea that a scaled Ethereum mainnet could replace the throughput currently handled by L2 networks. Goldfeder cited periods of high activity when Arbitrum and Base processed over 1,000 transactions per second, while Ethereum handled fewer. 

He warned that if Ethereum was perceived to be hostile to rollups, institutions might launch independent layer-1 chains rather than deploy on Ethereum. 

Related: Stablecoin ‘dust’ txs on Ethereum triple post-Fusaka: Coin Metrics

Base frames differentiation, Starknet hints alignment

Jesse Pollak, head of Base, said in an X post that Ethereum’s L1 scaling was “a win for the entire ecosystem.” He agreed that L2s cannot just be “Ethereum but cheaper.” 

Pollak said Base has focused on onboarding users and developers while working toward Stage 2 decentralization, adding that differentiation through applications, account abstraction and privacy features align with the direction Buterin outlined. 

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Source: Jesse Pollak

StarkWare CEO Eli Ben-Sasson, whose company develops the non-EVM Starknet rollup, offered a brief but pointed reaction on X, writing: “Say Starknet without saying Starknet.”

Ben-Sasson’s comment hinted that some ZK-native L2s see themselves as already fitting the specialized role Buterin described.

Magazine: Ethereum’s Fusaka fork explained for dummies: What the hell is PeerDAS?