Ripple Executive Discusses Stablecoins as XRP Sees Institutional Accumulation

Ripple executive Reece Merrick participated in the MESA Forum alongside representatives from BlackRock and HSBC to discuss stablecoins, including RLUSD, and tokenized deposits. Despite an 8% price decline amid a broader market downturn, XRP continues to see significant interest from institutional investors and whales, with the latter accumulating over 1.54 billion tokens in 96 hours. Additionally, several firms, including T. Rowe Price and Exchange Listed Funds Trust, have filed for or updated crypto ETF products that include XRP exposure.