XRP Approved for Integration into $11.8 Billion USDe Stablecoin Ecosystem
XRP is set for potential integration into the USDe stablecoin, valued at $11.8 billion, after meeting all criteria under Ethena Labs' Eligible Asset Framework. The risk committee confirmed XRP's compliance alongside BNB and HYPE.
Ethena’s Eligible Asset Framework
- Framework expands collateral options for USDe.
- Assets must meet thresholds including:
- Average open interest over $1 billion for two weeks
- Daily spot trading volumes above $100 million
- Perpetual futures volume exceeding $100 million daily
- Spot order book depth over $500,000
- Perpetual futures depth above $10 million on a two-week average
- XRP has cleared these requirements, indicating strong risk profile for USDe's perpetual futures collateral.
- XRP's market cap is approximately $181.9 billion, making it the third-largest digital asset.
XRP's deep liquidity and global trading presence allow it to handle large transactions effectively. It has been minting over $670 million in USDe weekly.
What This Means For XRP
- XRP may soon be onboarded as a collateral option for USDe.
- Only BNB has been approved so far for the perpetual futures collateral.
- This integration could enhance XRP's utility and adoption.
Ripple's RLUSD stablecoin has also seen growth, reaching a market cap of approximately $680 million in seven months, with plans for expansion into Japan by early 2026.
XRP is currently trading at $3.02, up 6.5% in the last 24 hours.