Ripple has finalized the acquisition of Standard Custody and Metaco, marking two major acquisitions in approximately one year. Jack McDonald has been appointed as the Senior Vice President of Stablecoins and will lead Ripple’s stablecoin initiatives while continuing as CEO of Standard Custody. Ripple plans to bring its stablecoin to market later this year. Additionally, Ripple has introduced the XRPL EVM Sidechain, bringing Ethereum Virtual Machine compatibility to the XRP Ledger, which enhances interoperability and unlocks new opportunities in DeFi and RWA. Axelar has been announced as the exclusive bridge protocol for this new sidechain. Ripple's CEO also unveiled the name of their upcoming stablecoin, RLUSD.
.@Ripple CEO unveils name of upcoming stablecoin RLUSD https://t.co/YnuRGCgo4C
AXELAR ANNOUNCED AS EXCLUSIVE BRIDGE FOR RIPPLE’S UPCOMING EVM SIDECHAIN - @Ripple, the company behind the $XRP token, has not only revealed the name of its upcoming sidechain as the 'XRPL EVM sidechain', but also shared that @AxelarNetwork will serve as an exclusive bridge for… https://t.co/tUYNuClQpu https://t.co/0YSRiYm8nA
Ripple Introduces XRPL #EVM Sidechain: Bringing Ethereum Virtual Machine Compatibility to #XRP Ledger #NewsBytes https://t.co/s6PhAk6r5X
🚨BREAKING: @RIPPLE TO USE @AXELARNETWORK $AXL AS EXCLUSIVE BRIDGE FOR ITS NEW EVM SIDECHAIN
[THE BLOCK] #Ripple to use #Axelar as bridge protocol for EVM sidechain $XRP $eXRP
Ripple to use Axelar as bridge protocol for EVM sidechain https://t.co/LZ2UCfunQH
1/ Introducing the XRPL EVM Sidechain: We're excited to bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger, enhancing interoperability and unlocking new opportunities in DeFi and RWA. https://t.co/lenc4Bl9TZ
[CROWDFUND INSIDER] #Ripple Finalizes Standard Custody Acquisition, Appoints Jack McDonald as SVP of Stablecoins $XRP
2 major acquisitions in ~1 year under Ripple’s belt with Metaco and Standard Custody, and a big welcome @_JackMcDonald_! Jack is no stranger to the XRPL ecosystem (and to me!) – thrilled to have him join team @Ripple, leading our stablecoin initiatives. https://t.co/1y6i1OtK6z
Very excited to share that as part of the deal close, I am joining @Ripple as the SVP of Stablecoins to lead the team bringing Ripple’s stablecoin to market later this year (though remaining CEO of Standard Custody as well)! https://t.co/qIWAeRJ8ll