DeadMoreThanU retweeted
Good morning Europe
SpaceX investors
While you were having your beauty sleep, this happened:
1. Google just lost its seat on the SpaceX board. New 8-K dropped 15 minutes after the close
2. Deutsche Bank says buy the SpaceX dip. Buy reiterated, $250 target
3. SpaceX trades at 11x forward sales while revenue almost triples in 6 months
4. Elon on the Starmind computer: "When we unveil the details of the Starmind computer next year, it will blow people's minds"
5. 13 Nov: SpaceX tries to catch both the booster and the ship. Starship 15, this will be the enabler of all other SpaceX businesses
6. Elon on next-gen Starlink: "maybe we can get to 100 lasers/sat"
7. Someone said Q4 guidance points to $25B+ revenue, about NASA's full-year budget. Elon: "NASA FY2027 budget request is ~$18.8B"
8. Starlink now connects 500+ locomotives and railcars for Rumo, Brazil's largest freight rail operator
9. Starlink opened a retailer program and wants ads made with Grok Imagine for the big game
10. Anthropic reportedly starts its IPO roadshow next week
In case you missed my posts:
Google’s stock portfolio is 95% SpaceX 5% something else
Also attached a summary of the night digest
$SPCX
Have a great Saturday
Good morning Europe
SpaceX investors
While you were having your beauty sleep, this happened:
1. Kospi closed -5.3% after a chip-driven trading halt. Samsung -7.6%, SK Hynix -9.5%.
2. Nasdaq closed -5.5%. Philadelphia chip index -12%. Nvidia -9%. Broad tech selloff, not SpaceX-specific.
3. Flight 15 is officially targeted at Friday Nov 13. A new tower for Booster 18. A second tower catching the ship. Starship's first orbit.
4. Maricopa County agreed to negotiate the underlying agreement for SpaceX's 6.4 GW Arizona campus. SpaceX could bring 300+ turbines, its own power and its own chip fab.
5. Ramp named SpaceXAI its fastest-growing vendor this month. Real spend from 85,000+ businesses. Grok has just 2.2% of AI token spend.
6. Blue Origin pushed New Glenn's return to flight to January 2027. Grounded since it blew up on its only pad in May.
7. The FAA proposed three new launch/reentry rules. They could let Starship fly more often. A full licensing overhaul comes next year.
8. Elon amplified Grok Build's multi-agent upgrade. Better session recovery. Big logs no longer freeze the terminal.
In case you missed my posts:
SpaceX VP of Launch targeting Friday Nov 13 for Flight 15
Mapped the entire buildout of SpaceX 13 GW compute
Also attached the summary of the digest
Have a great Friday $SPCX
DeadMoreThanU retweeted
【衝撃】イーロン・マスク「AIの電気代が高すぎる？だったら宇宙にデータセンターを作ればいい」
→地球で節電するんじゃなくて宇宙に引っ越す発想ぶっ飛びすぎやろｗｗ
記者「AIって電気量エグいでっしゃろ？」
イーロン「そうだよ」
記者「これからもっと増えますの？」
イーロン「AIが進化すれば必要な電力も増えるだろうね」
記者「ほな電気代が大変ですやん！」
イーロン「だから宇宙を使うんだ」
記者「……は？」
イーロン「宇宙にAIのデータセンターを作る」
記者「いやいや、電気代の話してますねんｗｗ」
イーロン「だから答えているんだよ」
記者「なんで宇宙やねん！！」
イーロン「太陽光を利用できるからね」
記者「太陽光なら地球でも使えますやん」
イーロン「でも地球には夜があるだろう？」
記者「そらありますわな」
イーロン「天候によっても発電量が変わる」
記者「ほうほう」
イーロン「宇宙なら軌道を工夫することで長時間太陽光を受けられる」
記者「ほな太陽光パネルを宇宙に置くん？」
イーロン「そういうことだね」
記者「でもAIのコンピューターって熱くなるんちゃいます？」
イーロン「もちろん熱を出すよ」
記者「宇宙に冷房なんかありまへんでｗｗ」
イーロン「放熱用の装置を使うんだ」
記者「放熱用？」
イーロン「太陽光パネルを太陽に向ける」
記者「はい」
イーロン「反対側には熱を宇宙へ逃がす装置を配置する」
記者「なるほど！」
イーロン「宇宙空間へ熱を放射するんだ」
記者「ほな冷却もタダなん！？」
イーロン「いや、設備は必要だよ」
記者「なんやねんｗｗ」
イーロン「でも効率のいい仕組みを作れる可能性がある」
記者「ちなみにいつ頃できるん？」
イーロン「2〜3年で宇宙がAIを動かす最も安い場所になると思っている」
記者「……2〜3年！？」
イーロン「そう予測しているよ」
記者「早すぎるやろｗｗ」
イーロン「技術の進歩は速いからね」
記者「でもロケットで運ぶのに金かかりますやん！」
イーロン「そこが重要なんだ」
記者「どういうこと？」
イーロン「打ち上げ費用を大幅に下げる必要がある」
記者「なるほど……」
イーロン「宇宙に設備を運ぶ費用が安くなれば選択肢が広がる」
記者「つまりロケットもAIも全部つながってるんか！？」
イーロン「そういう未来を考えているんだ」
記者「もう発想が地球人ちゃいますやんｗｗ」
イーロン「地球の外にも可能性はあるからね」
これ、めちゃくちゃ面白い考え方だと思う。
普通、AIの電力不足が問題になれば、地球上で発電所を増やす方法を考える。
でもマスクさんは、データセンターを宇宙に置くという発想をしている。
例えば、都心の家賃が高すぎるからといって、家賃交渉ばかりするのではなく、そもそも住む場所を変えてしまうようなもの。
問題を解決するために、前提条件そのものを変える。
もちろん宇宙への打ち上げ費用、設備の修理、通信、冷却など課題は山ほどある。
特に宇宙は真空なので、熱を逃がすには大きな放熱設備が必要になる。
だから本当に2〜3年で地球より安くなるかは分からない。
ただ、この発想から学べることはある。
問題を解決できないときは、解決方法ではなく、問題が発生している場所そのものを疑ってみる。
常識の外に答えがあることもあるんだと思う。
DeadMoreThanU retweeted
SpaceX revenue this quarter alone will be substantially higher than NASA’s entire annual budget!
DeadMoreThanU retweeted
Imagine being the richest man in the world, where all you had to do was keep your mouth shut, play ball with the cartel, and let every media room and politician worship the ground you walk on… and instead you put everything you built on the line and step straight into the fire to save the American ideal.
Look at what they are doing to Elon Musk right now. You have left-wing professor Scott Galloway going on stage to applause, calling Elon a "traitor to the West," invoking the Rosenbergs being lined up against a wall, and doubling down on it today while incoming Democrats in Congress are already drawing up their subpoena lists to go after his companies and punish him for DOGE. Think about how upside down and rotted that is. Calling the man a traitor.
Let me put it to you like this. What has Elon actually done to earn the hatred of team evil? Two things. He built technology that makes the world better, landing rockets, connecting families in disaster zones from space, and building real things here in America, and he stood up for the people unwaveringly, with honor and humility, when nobody else with his reach had the spine to do it. He bought the town square so you could speak again when the government and Big Tech had a boot on your throat, and then he walked into Washington for free to show you where they were stealing your money.
Stop and think about what this man actually sacrificed for you. He didn't need the headaches, the death threats, the firebombed dealerships, the weaponized advertisers, or a target painted on his back and his family's back every single day. He could have stayed in the cool kids club forever and never lost a dime. I know a little something about what happens when the machine decides to destroy your life for telling the truth, and watching a man who had everything to lose step in front of the train anyway tells you everything you need to know about his heart.
Now here is the part nobody wants to talk about… we are making the exact same mistake with Elon that millions of people made with Trump, cheering from the couch and waiting around for one man to do all the heavy lifting while the wolves tear him apart. And spare me the BS about 25-degree chess. I do not want to hear another pied piper influencer tell you to sit back and trust some secret master plan while team evil sharpens the knives in broad daylight. There is no 25-degree chess when they are openly talking about walls and subpoenas. Elon deserves our defense and he deserves our loyalty, right now, in public, where it actually costs something.
Standing up for @elonmusk means you do not let a single person around you repeat the "traitor" lie without shoving the truth right back down their throat. It means calling every Republican in the House and Senate and telling them straight up that if they hide under their desks like paper tigers while Democrats run subpoena lawfare on Elon, their careers are finished. It means backing the people who build, starving the parasites who only destroy, and putting ten million loud Americans between him and the mob so they learn real fast that if you come for him, you deal with all of us.
Stop waiting for one man to save you while you watch him bleed for it. He stood in the gap for the American people when it cost him everything. Stand in the gap for him now.
Pray, Stand, Speak, ACT.
Love,
What all of you good people are thinking
Scott Galloway DOUBLES DOWN on his call for Elon Musk to be EXECUTED for being a “traitor to the West”
“We took the Rosenbergs and put them up against a wall and executed them for being traitors.”
“And I realize this is an incendiary statement, but I’ll make it and I believe it. I think Elon Musk is a traitor to the West.”
Absolutely sickening.
DeadMoreThanU retweeted
Ron Baron is 83. In front of thousands of investors in New York, he looked at Elon Musk and asked the one question an 83-year-old asks.
"How do you want people to think about you?"
For the full hour before, it had been trillion-dollar chip fabs. Starship. Starlink. The business of the richest man alive.
Then Baron added, quieter: "Nobody would work the way you work just to accumulate money."
Elon paused.
"I'd like the reality to be that I made a significant contribution in the furtherance of civilization."
One sentence. Civilization.
And then, in the same room, he told them about Jose.
Jose is the guy in the meme. One man digging a hole in the road. Eight men standing around watching him dig.
"Unless you increase the number of Joses in the country, the amount of work done does not increase."
"I aspire to be Jose."
"We do actual work."
This from a man who lives in an Airstream parked next to his power plant in Memphis. Who pulls power cables "the size of an anaconda" with his own hands.
Asked how he wants history to remember him, he said civilization.
Asked who he wants to be, he said the guy with the shovel.
The richest man in the world wants to dig. 🇺🇸🚀
DeadMoreThanU retweeted
SpaceX will attempt to catch both the Super Heavy booster and Starship on the upcoming flight.
If both are successful, it will mark the first time that all parts of an orbital rocket return to Earth intact.
This is the critical breakthrough needed to make life multiplanetary.
More than a dozen flight tests and years of development, with countless hours worked by SpaceX engineers and technicians, all come down to this: the first orbital Starship launch carrying advanced Starlink satellites bound for space.
Watch “Go For Orbit” and experience the moments behind flying the most ambitious Starship mission yet
DeadMoreThanU retweeted
Ron Baron asked Elon Musk how many CEOs live on site in an Airstream and work hands-on with everyone.
MUSK: “Airstreams are actually pretty nice... It’s parked right next to the power plant.”
“We built this power plant that’s producing over a gigawatt... in about a year, as opposed to normally about five years.”
“There is no upstairs.”
He walks the entire site up to five times a day. He’s pulled power cables “the size of an anaconda,” run fiber, wired switches, and worked on the power plant software.
“I try to do at least a little bit of everything, so that I’m not numb to the pain of the people who are actually doing it.”
“It’s not as though I’m sitting in an office and somebody has to come to me. I’m walking the floor, asking them questions actively.”
There’s a reason SpaceX is winning the compute race.
DeadMoreThanU retweeted
Elon Musk: "Even if I'm criticized by the whole world, I won't let go of X." The reason makes you think.
Reporter: "Why are you so attached to X?"
Elon: "What do you mean by that?"
Reporter: "Since the acquisition, it's been nothing but criticism, right?"
Elon: "That's true."
Reporter: "Politicians criticize you too."
Elon: "Yes."
Reporter: "There are conflicts with regulatory authorities."
Elon: "That's true."
Reporter: "Honestly, wouldn't it be easier to sell it?"
Elon: "Why?"
Reporter: "You have Tesla and SpaceX, don't you?"
Elon: "I do."
Reporter: "There's no need to stay in the center of controversies, right?"
Elon: "But what would that solve?"
Reporter: "...... Huh?"
Elon: "I think it's important to have a place where opinions can be exchanged freely."
Reporter: "But there are unpleasant opinions too, aren't there?"
Elon: "Of course."
Reporter: "There are wrong opinions too."
Elon: "That's true."
Reporter: "So, shouldn't there be restrictions?"
Elon: "How far to restrict?"
Reporter: "That's..."
Elon: "Who decides which opinions are correct?"
Reporter: "..."
Elon: "It's easy to protect only the opinions we agree with."
Reporter: "Yes."
Elon: "But what about when contrary opinions arise?"
Reporter: "..."
Elon: "That's where the real test of free speech happens, don't you think?"
DeadMoreThanU retweeted
Maybe this will help my liberal family/friends to better understand where I stand.
Just to clear the air: I’m an Independent who leans conservative, but that doesn’t mean what a lot of you apparently think it does. Let’s break it down, because I’m tired of being told what I believe and what I stand for.
Spoiler: not every conservative is the same, but most of us I know share these same principles:
1. I believe America should never depend on another country for energy, protection, or basic supply and demand. We are strongest when we build, produce, and protect things right here in the USA.
2. I believe America must put itself first. We cannot pour from an empty cup. Our country should prioritize our own people before trying to save the world.
3. I believe only legal citizens have the right to vote. You must have a valid ID to vote. I also believe in a secure election process.
4. I believe no foreign aid should be given until every veteran and every senior citizen is taken care of.
5. I believe immigrants make America stronger — when they come legally. If your first act in this country is breaking the law, or protesting by waving another countries flag in America in protest you are not an upstanding citizen.
6. You can marry who you want. I may agree or disagree with your lifestyle, but your life is not mine to judge, I leave that to God Almighty.
7. I believe men are men and women are women. Surgery or hormones don’t change that. Men should use men’s bathrooms, and women should use women’s bathrooms.
8. I believe schools are for education, not indoctrination. Kids should learn math, history, reading, and science - not political propaganda. They should not be taught they were “born in the wrong body” or pushed into gender delusion.
9. I believe America is in a mental health crisis. Mental health care is real, it matters, and it desperately needs to be addressed.
10. I believe guns aren’t the problem - people are. Gun control only infringes on constitutional rights. But I also believe in common sense: background checks are necessary to keep firearms out of the hands of the mentally ill.
I’m a conservative because I believe in faith, family, freedom, and personal responsibility. I don’t want a government that controls every aspect of our lives - I want a government that protects our rights, secures our borders, defends our freedoms, and then gets out of the way. We are strongest when Americans take care of America first, when families are supported, when our veterans are honored, and when our children are given truth, not propaganda. I love this country, and I believe it’s worth fighting for.
Copy and Paste If You Feel Like ..I Did !! 👍👍🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
DeadMoreThanU retweeted
This is the single most important video I have seen all month.
SHARE THIS FAR AND WIDE!!! WE MUST SAVE OUR NATION FROM THE ENEMY WITHIN!! 🇺🇸
DeadMoreThanU retweeted
Mike Gallagher, the 8th most recognized talk radio personality, in the U.S.A., is heard by over 2.25 million listeners weekly. He compiled and wrote the following essay entitled,
"Obama: It was You."
* It was you who spoke these words at an Islamic dinner - "I am one of you."
* It was you who on ABC News referenced - "My Muslim faith."
* It was you who gave $100 million in U.S. taxpayer funds to rebuild foreign mosques.
* It was you who wrote that in the event of a conflict- "I will stand with the Muslims."
* It was you who assured the Egyptian Foreign Minister that - "I am a Muslim."
* It was you who bowed in submission before the Saudi King.
* It was you who sat for 20 years in a Liberation Theology Church condemning America and professing Marxism.
* It was you who exempted Muslims from penalties under Obamacare that the rest of us have to pay.
* It was you who purposefully omitted - "endowed by our Creator " - from your recitation of The Declaration Of Independence.
* It was you who mocked the Bible and Jesus Christ's Sermon On The Mount while repeatedly referring to the 'HOLY' Qur'an.
* It was you who traveled the Islamic world denigrating the United States Of America.
* It was you who instantly threw the support of your administration behind the building of the Ground Zero Victory mosque overlooking the hallowed crater of the World Trade Center.
* It was you who refused to attend the National Prayer Breakfast, but hastened to host an Islamic prayer breakfast at the White House
* It was you who ordered Georgetown Univ. and Notre Dame to shroud all vestiges of Jesus Christ BEFORE you would agree to go there to speak, but in contrast, you have NEVER requested the mosques you have visited to adjust their decor.
* It was you who appointed anti-Christian fanatics to your Czar Corps.
* It was you who appointed rabid Islamists to Homeland Security.
* It was you who said that NASA's "foremost mission" was an outreach to Muslim communities.
* It was you who as an Illinois Senator was the ONLY individual who would speak in favor of infanticide.
* It was you who was the first President not to give a Christmas Greeting from the White House, and went so far as to hang
photos of Chairman Mao on the White House tree.
* It was you who curtailed the military tribunals of all Islamic terrorists.
* It was you who refused to condemn the Ft. Hood killer as an Islamic terrorist.
* It is you who has refused to speak-out concerning the horrific executions of women throughout the Muslim culture,
but yet, have submitted Arizona to the UN for investigation of hypothetical human-rights abuses.
* It was you who when queried in India refused to acknowledge the true extent of radical global Jihadists, and instead
profusely praised Islam in a country that is 82% Hindu and the victim of numerous Islamic terrorists assaults.
* It was you who funneled $900 Million in U.S. taxpayer dollars to Hamas.
* It was you who ordered the United States Postal Service to honor the MUSLIM holiday with a new commemorative stamp.
* It was you who directed our UK Embassy to conduct outreach to help "empower" the British Muslim community.
* It was you who funded mandatory Arabic language and culture studies in Grammar schools across our country.
* It is you who follows the Muslim custom of not wearing any form of jewelry during Ramadan.
* It is you who departs for Hawaii over the Christmas season so as to avoid past criticism for NOT participating in seasonal
White House religious events.
* It was you who was uncharacteristically quick to join the chorus of the Muslim Brotherhood to depose Egypt's Hosni Mubarak, formerly America's strongest ally in North Africa; but, remain muted in your non-response to the Brotherhood
led slaughter of Egyptian Christians.
* It was you who appointed your chief adviser, Valerie Jarrett, an Iranian, who is a member of the Muslim Sisterhood, an off-shoot of the Muslim Brotherhood. It was you the whole time who ushered in this mess were in
💥
Big news heading into @RippleSwell: the @USOCC has granted final approval for Ripple National Trust Bank.
This gives Ripple a federally supervised platform to support $RLUSD and provide digital asset custody to enterprises.
We’ve always said crypto and banks work better together — this is what that looks like. Real innovation, real accountability, federal oversight.
The revolution isn't happening outside the system. It's happening from within it.
DeadMoreThanU retweeted
⚖️ Chainlink, Hedera, Aptos, Avalanche, Stellar and Cardano just announced a partnership urging the SEC to codify its digital commodity framework.
$LINK $HBAR $APT $AVAX $XLM $ADA
.@chainlink is proud to partner with @hedera, @Aptos, @AvaLabs, and @StellarOrg in urging the SEC to codify its digital commodity framework.
Builders need lasting certainty. Codifying this progress would be a meaningful step toward keeping America the home of digital asset innovation.
H/t @jackson_mueller for leading this effort 🫡
DeadMoreThanU retweeted
Ripple's institutional payments strategy has evolved considerably since 2019.
A review of Ripple's own published statements documents its evolution from XRP-based On-Demand Liquidity to a broader institutional payments platform supporting XRP, RLUSD and other settlement assets.
The evolution is particularly evident when comparing Ripple's historical positioning of XRP with its more recent positioning of RLUSD.
2019–2022: XRP and On-Demand Liquidity
Ripple marketed XRP-based On-Demand Liquidity (ODL) for:
• Instant cross-border settlement
• 24/7 liquidity access
• Reduced prefunding requirements
• Improved working capital efficiency
• Cross-border treasury management
In July 2022, Ripple announced that FOMO Pay would use XRP-based ODL for treasury management, utilizing XRP as a bridge between fiat currencies to facilitate international payments without traditional prefunding requirements.
Sources:
ripple.com/insights/q3-2019-…
ripple.com/ripple-press/fomo…
November 2023: Ripple Payments
Ripple announced the evolution of RippleNet into Ripple Payments, expanding its existing crypto-enabled payments infrastructure into a broader offering with additional liquidity options, traditional payout networks and enterprise payment services.
The company emphasized customer flexibility, including access to multiple currencies and settlement options.
Source:
ripple.com/ripple-press/ripp…
December 2024: RLUSD launches
On December 17, Ripple launched RLUSD on the XRP Ledger and Ethereum, positioning its dollar-backed stablecoin for institutional payments and financial services.
A month earlier, Ripple explicitly acknowledged:
"And for major currency corridors with high liquidity where XRP is not required as a bridge asset, RLUSD can still deliver those same advantages."
Ripple described the two assets as complementary, maintaining XRP's role in cross-currency bridging, particularly in less liquid corridors, while positioning RLUSD for dollar-denominated transactions.
Sources:
ripple.com/insights/ushering…
ripple.com/ripple-press/rais…
April 2025: RLUSD integrated into Ripple Payments
Ripple announced that RLUSD had been integrated into its cross-border payments platform.
BKK Forex and iSend were identified as customers using RLUSD in payment flows to improve cross-border treasury operations.
Ripple explicitly marketed RLUSD for:
• Instant cross-border settlement
• Liquidity for remittances and treasury operations
• Fiat-to-crypto conversion
• Institutional collateral
These capabilities overlap with several functions historically marketed through XRP-based ODL.
Source:
ripple.com/ripple-press/ripp…
May 2025: XRP Markets Reports discontinued
On May 5, 33 days after announcing RLUSD's integration into Ripple Payments, Ripple published its final quarterly XRP Markets Report in its existing format.
Ripple announced it would discontinue the reports beginning Q2 2025, citing the use of its disclosures against the company by former SEC leadership.
Ripple stated it would continue publishing XRP-related information through other channels and maintaining public access to its XRP holdings.
Source:
ripple.com/insights/q1-2025-…
August 2025: Ripple announces $200 million acquisition of Rail
Ripple announced an agreement to acquire Rail, a stablecoin-powered global payments infrastructure company.
The acquisition was intended to expand Ripple Payments with:
• Stablecoin payments and settlements
• Virtual accounts and collections
• Automated treasury operations
• Multiple digital asset liquidity options
• 24/7 payment infrastructure
Importantly, Ripple explicitly identified XRP, RLUSD and other digital assets as supported liquidity options within its expanded offering.
Source:
ripple.com/ripple-press/ripp…
November 2025: RLUSD positioned for card settlement
Ripple announced a collaboration with Mastercard, WebBank and Gemini to explore RLUSD settlement of fiat-denominated card transactions on XRPL.
The proposed arrangement would use RLUSD for blockchain-based settlement involving Mastercard and WebBank.
Ripple also acknowledged XRP's continuing role as XRPL's native asset, supporting network operations and transactions.
The announcement described a planned integration, not a completed production deployment.
Source:
ripple.com/ripple-press/ripp…
February 2026: Ripple outlines XRP's institutional utility
Ripple published an institutional DeFi report describing XRP's continuing role across payments, liquidity and credit markets.
The company identified several functions:
• Cross-currency bridging and FX auto-bridging
• Network transaction fees
• Account and ledger reserve requirements
• Potential institutional lending and credit markets
• Liquidity supporting tokenized financial assets
These represent identifiable technical and potential economic uses for XRP, including existing network functions and developing institutional applications.
However, the report does not establish how much institutional payment volume currently uses XRP as an intermediary settlement asset.
Source:
ripple.com/insights/institut…
March 2026: Ripple expands stablecoin payments infrastructure
Ripple announced an expansion of Ripple Payments into an end-to-end platform supporting fiat and stablecoin transactions.
The announcement identified several institutional customers and use cases:
• Corpay: Using RLUSD to fund and settle positions across Asia-Pacific without costly prefunding
• alfred: Cross-border stablecoin-to-fiat transfers
• AltPayNet: Stablecoin integration into international payment flows
• MassPay: Plans to expand into stablecoin-funded payouts
Ripple also reported more than $100 billion in cumulative processed volume across Ripple Payments.
That figure represents platform-wide activity. Ripple did not disclose how much was attributable specifically to XRP or RLUSD.
The Corpay arrangement provides a particularly direct comparison with historical XRP positioning.
Ripple previously emphasized XRP-based ODL for sourcing liquidity and eliminating traditional prefunding requirements.
In March 2026, it explicitly identified RLUSD as supporting institutional funding and settlement without costly prefunding.
Source:
ripple.com/ripple-press/ripp…
June 2026: RLUSD and cross-border currency settlement
Ripple and Bitso announced plans involving RLUSD and the Mexican peso-backed MXNB stablecoin for enterprise payments and settlement between the United States and Mexico.
The initiative involves liquidity and settlement infrastructure on XRPL, including its Permissioned DEX capabilities.
The proposed integration would bring dollar- and peso-denominated stablecoin liquidity to a corridor where Ripple and Bitso have historically supported XRP-based payment infrastructure.
Source:
ripple.com/ripple-press/ripp…
October 12, 2026: RLUSD expands into institutional custody and collateral
Ripple announced that Standard Chartered's custody support for RLUSD on XRPL was live.
Standard Chartered, Ripple and LMAX Group also outlined plans to recognize RLUSD as eligible collateral for institutional trading while maintaining custody of the stablecoin within regulated infrastructure.
The custody capability was announced as live. The broader collateral arrangement remained a planned integration.
Source:
ripple.com/ripple-press/stan…
October 15, 2026: RLUSD integrated into core banking infrastructure
Ripple and Cross River Bank announced the integration of RLUSD on XRPL into Cross River's core banking platform.
The announcement emphasizes:
• 24/7 cross-border payments
• Greater intraday settlement flexibility
• Reduced settlement latency
• Treasury movement
• Conversion between U.S. dollars and RLUSD
• Access to ACH, wires and real-time payments through a single banking API
Cross River explicitly identifies RLUSD as an additional payment rail, with XRPL providing the underlying blockchain infrastructure.
XRP is not identified as the bridge currency or settlement asset in this specific integration.
Source:
crossriver.com/newsroom/cros…
The evolution in Ripple's positioning
2019–2022: XRP-based ODL was marketed for instant settlement, cross-border liquidity, reduced prefunding and treasury efficiency.
2023: Ripple expanded its existing payment capabilities into the broader Ripple Payments offering.
2024: Ripple launched RLUSD and acknowledged that stablecoins could provide overlapping payment advantages without requiring XRP as a bridge asset in certain currency corridors.
2025: RLUSD entered Ripple Payments, Ripple discontinued its quarterly XRP Markets Reports in their existing format, and the company announced further investment in stablecoin payment infrastructure.
2026: Ripple increasingly markets RLUSD for institutional settlement, treasury operations, liquidity management, banking integration and trading collateral.
During the same period, Ripple continued developing and promoting XRP's role in cross-currency bridging and XRPL-based institutional finance.
What Ripple's published information establishes:
Ripple's historical XRP-based ODL model used XRP as an intermediary asset to bridge currencies and source liquidity for cross-border transactions.
Its newer stablecoin-enabled payment arrangements can facilitate dollar-denominated settlement without requiring XRP as that intermediary.
These approaches offer overlapping payment capabilities, but they use different settlement instruments and do not necessarily generate the same economic demand for XRP.
Ripple continues to position XRP for cross-currency bridging, particularly in less liquid corridors. XRP also retains its native network functions, while Ripple is developing additional institutional lending and liquidity use cases.
These are meaningful functions, but their existence should not be conflated with demonstrated large-scale institutional settlement volume involving XRP.
Ripple's announcements do not establish that RLUSD has replaced XRP across Ripple Payments.
They do establish that Ripple's institutional payments infrastructure increasingly supports multiple settlement assets, including arrangements in which XRP is not identified as a required intermediary.
The March 2026 Corpay announcement is particularly relevant because it identifies RLUSD supporting funding and settlement without traditional prefunding, one of the principal advantages historically promoted through XRP-based ODL.
Ripple's disclosed platform-wide payment volumes do not establish the proportion of transactions settled through XRP, RLUSD or other supported assets.
Ripple's commercial growth, institutional adoption of the XRP Ledger and institutional demand for XRP remain separate measures.
Greater disclosure of asset-specific payment volumes would provide a clearer understanding of XRP's economic role within Ripple's expanding institutional payments business.
ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed ripple:native
