Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP is now on the verge of being integratedinto the backing of USDe, the $11.8-billion stablecoin issued by Ethena Labs. The company’s risk committee recently confirmed that XRP has passed all thresholds required under its newly launched Eligible Asset Framework, which puts it alongside BNB and HYPE as top candidates for onboarding.
XRP’s massive liquidity, its market capitalization of over $181 billion, and daily trading volumes comfortably above $10 billion now see it ready to take on a new role in the USDe ecosystem. Related Reading Bitcoin’s Next Stop For 2025? $175,000, According To SOL Strategies Boss 1 day ago Ethena’s Eligible Asset Framework
Ethena Labs, the company behind the USDe stablecoin, recently introduced the Eligible Asset Framework as a formalized system to expand the collateral options backing USDe. According to an announcement,the framework is based on specific thresholds that assets must meet before gaining approval.
These thresholds include maintaining over $1 billion in average open interestacross two weeks, daily spot trading volumes above $100 million, and perpetual futures volume exceeding $100 million per day. Liquidity requirements are also included, such as a spot order book depth of more than $500,000 and perpetual futures depth above $10 million on a two-week average.
XRP has cleared all these requirements, which means that it is strong enough from a risk perspective to be considered as part of USDe’s perpetual futures collateral system.
For years, XRP has maintained its status as one of the most liquid digital assets in the market. Its market capitalization, which is at $181.944 billion at the time of writing, has grown massively in the past year. This has seen it climbing in market cap ranks, and it is now sitting behind only Bitcoin and Ethereum. XRPUSD now trading at $3.02. Chart: TradingView
Beyond the numbers, XRP’s deep order books and global trading presence in exchangesin America, Europe, and Asia allow it to handle large transactions without disrupting price stability. This level of liquidity and depth makes XRP an ideal candidate for integration into USDe, which has already been minting hundreds of millions of dollars weekly. For instance, data shows thatUSDe mints were in excess of 670 million over the past week. What Does This Mean For XRP?
According to Ethena, XRP, alongside HYPE, has only met all the thresholds and is a candidate for onboarding shortly. Only BNB has been approved as the first new eligible asset for the perpetual futures portion of the collateral backing of USDe.
If Ethena formally onboards XRP for onboarding, it would become an important expansion of XRP’s utility. It might not be the update expected by XRP holders, but this development could open a new chapter in the cryptocurrency’s utility and adoption. Related Reading Crypto Strategist Sounds The Alarm: Bitcoin Surge Could Clash With Fed Reserve Goals 1 day ago
Simultaneously, Ripple’s US dollar-pegged RLUSD, has had its own success in the stablecoin market. So far, RLUSD has crossed a market capitalization of approximately $680 million within its first seven months and continues to grow. Moreover, Ripple is extending RLUSD’s global presence by partnering withSBI VC Trade to bring it to the Japanese market by early 2026.
At the time of writing, XRP is trading at $3.02, up by 6.5% inthe past 24 hours.
Featured image from Virtune, chart from TradingView