XRP News Today: Ripple's Stablecoin Clears $10 Billion Daily Volume Up From $300 Million In February

Crypto analyst Edo Farina recently shared a thread on X that sparked discussions about Ripple and XRP, not just for their current activities but also for their deep historical roots. Most people associate Ripple with its launch in the early 2010s, but Farina reveals that the concept behind Ripple originated much earlier. He highlights that RipplePay, an early iteration of the network, was created in 2004 by Ryan Fugger. Surprisingly, a trademark for “Ripple Communications” dates back to 1991, more than two decades before Bitcoin.

Farina claims that Ryan Fugger is not just a tech developer but is linked to the Fugger family, one of the most powerful banking dynasties in Europe during the 16th century. Jakob Fugger, a key figure in that family, was once referred to as “the richest man who ever lived.” The Fuggers financed royalty, controlled major silver and copper mines, and even had influence over the Pope. Their reach extended far beyond Germany, and some believe their business practices helped shape modern banking systems, potentially paving the way for institutions like HSBC.

The historical connections do not end there. The Fuggers used two symbols on their coins: the phoenix and the fleur-de-lis. These same symbols appear on The Economist’s 1988 cover, which predicted a future world currency. That famous image depicted a phoenix rising from the ashes of fiat currencies, wearing a coin labeled 2018. Some XRP enthusiasts see this as more than just a coincidence, suggesting a deeper, long-term plan behind XRP.

Farina believes XRP was never meant to be just another altcoin. He posits that it is part of a long-term strategy aimed at reshaping global money movements. Whether one believes this or not, it is clear that the XRP story goes back further than most people realize. However, it is important not to get carried away by these historical connections, as they do not guarantee XRP's dominance in global finance. What matters today is how Ripple continues to grow, push for regulatory clarity, and build real-world use cases.

Ripple's efforts to bring its stablecoin under federal oversight and its application for a national banking license with the Office of the Comptroller of the Currency have fueled speculation that XRP is part of a long-term strategy to revolutionize the financial system. The company's ability to facilitate quick, low-cost international transfers and its partnerships with large traditional financial institutions give it an edge in adoption. However, investors should be mindful of the increased competition and the volatility inherent in cryptocurrencies compared to traditional assets.

Ripple's move into asset tokenization, the process of using digital assets on a blockchain to represent ownership of physical property or other digital assets, has also been noted as a potential catalyst for XRP. Tokenization is seen as useful for the ownership of U.S. Treasury bills and stablecoins. While there are spot XRP ETFs abroad, none currently exist in the U.S. The SEC is still expected to approve exchange-traded funds for XRP by the end of the year, which could unlock another $4 billion to $8 billion of inflows and "legitimize XRP for institutional and retail investors."

Ripple's partnership with large traditional financial institutions gives XRP a leg up on competition when it comes to adoption. The company's ability to facilitate quick, low-cost international transfers gives it a similar proposition to stablecoins. Ripple has actually launched its own stablecoin, which is now clearing $10 billion in daily volume, up from less than $300 million in February. The technical strengths of XRP's network and its uses can take hold, according to analysts. XRP has experienced a 50% increase in annual transaction volume. This, combined with Ripple's move into asset tokenization and its partnership with large traditional financial institutions, could drive XRP to new heights. However, investors should always take crypto price targets with a grain of salt, as cryptocurrencies are more volatile than traditional assets and it's more difficult to value them.