Welcome to the Ripple Overview. Every month, we dive deep into Ripple, XRP, XRPL, RLUSD and more to bring you the latest on ecosystem developments, updates, metrics, insights and more.
XRP and Ripple USD (RLUSD) By The Numbers
$XRP: $1.02 (-7.27%)
XRPL TVL: $30.9M (-9.1%)
XRP Holders: 547.7K (+1.16%)
RLUSD Market Cap: $1.58B (+1.9%)
RLUSD Volume (24H): $70.5M (-1.8%)
These metrics are accurate upon publication. The percentages are based on month-over-month changes, unless noted otherwise.
What Caught Our Eye This Month
Ripple joined the x402 Foundation as a premier member. The organization, which is in partnership with the Linux Foundation, acts as a governing body for the x402 protocol, an onchain agentic payments system, that has processed over $28 million in agentic payments volume.
Ripple launched Ripple Mint, a platform that consolidates how customers mint, redeem, and manage RLUSD. The product gives institutions more ways to work with RLUSD, letting them move fiat in and out, bridge RLUSD across supported chains, and monitor a transaction's full lifecycle.
Ripple also invested in Notabene, an onchain verification company for institutions. The deal includes a commitment to integrate RLUSD into Notabene Flow, its platform for business-to-business stablecoin payments. Rundown
Ripple and XRP Rundown
➡️ What happened: Ripple has invested in both ZILO and Licuido to enhance its tokenization stack. ZILO is a global transfer agency and fund administration technology provider, and Licuido runs a tokenization and asset liquidity platform.
Both companies were already Ripple partners, and the investments deepen those relationships by bringing regulated transfer agency, issuance, and collateral mobility capabilities directly into Ripple's infrastructure on the XRP Ledger (XRPL).
➡️ Why it matters: ZILO provides digital record-keeping so that asset managers and custodians can track ownership of their tokenized assets, while Licuido handles issuance, distribution and execution, allowing assets to be used as collateral on the XRPL.
Through the investments, Ripple is expanding its product offering to include tokenization, regulated record keeping, and the ability to use assets as collateral to borrow, lend or post margin. Additionally, RLUSD supports all of these actions by acting as the cash layer within transactions.
This builds upon Ripple's earlier collaboration with Aviva Investors to tokenize traditional fund structures on the XRPL, as well as its existing relationships with Franklin Templeton and DBS.
➡️ The big picture: ZILO and Licuido bring two capabilities to Ripple: regulated transfer agency infrastructure and collateral mobility. Combined with its existing custody, issuance and settlement tools, the investments improve the network’s capital markets offering.
Interested in learning more on Ripple? Here’s some updates that caught our eye:
Ripple opened its University Digital Asset Xcelerator in Brazil as part of its University Blockchain Research Initiative. The program will provide educational resources and mentoring to students building on the XRP Ledger.
Ripple has signed up as a launch partner for OpenUSD, Open Standard’s stablecoin that offers free minting and burning, as well as a revenue-sharing governance model.
Ripple was named one of the world’s top fintech companies in the CNBC and Statistica 2026 list.
Follow Ripple and visit their website to explore additional opportunities.
Chart Of The Month
XRP Developments
Look into the biggest announcements, developments and more happening within the Ripple.
FXRP, a wrapped version of XRP, has been approved by Sentora as a collateral option in its RLUSD vault on Morpho. The vault currently holds $280 million in RLUSD deposits, meaning that XRP now has access to a large stablecoin liquidity pool using which investors can implement new trading strategies and expand XRP’s utility.
Hong Kong exchange OSL Group has listed XRP.
The XRPL ended July with more than 1.7 million agentic transactions after having crossed the 1 million mark on July 15.
University of Kansas partnered with Ripple to add the XRP logo to their college sports uniforms. The college is Ripple CEO Brad Garlinghouse’s alma mater.
Ripple awarded $250,000 in grants to Veteran and Military spouse-owned businesses through the “Ripple Effect: Certified Veteran Employer Grants" program. It selected 25 businesses owned by veterans or military spouses, which received a $10,000 grant each, along with access to employer training resources and a pipeline to more than 20,000 job seekers who have military connections.
Velocity, a stablecoin treasury and payment infrastructure company, raised $38 million in a Series A funding round. Ripple Ventures participated in the round.
Enter The XRPL Community
Want to build on the XRP Ledger? Visit the XRPL learning portal for more info on documentation and tools. Or go further down the rabbit hole:
Check out the latest jobs at Ripple or XRP Ledger
Join the XRPL Discord server
Check out Ripple’s latest updates on X
Check out the latest updates from the XRPL community
Sign up for upcoming events
Catch you here next time.
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.