Key Insights:
- Ripple revealed February RLUSD attestation has gone live, amid growing adoption of the stablecoin across several jurisdictions and platforms.
- Confidential transfers for Multi-Purpose Tokens on XRPL make the ledger more attractive for institutional and regulated use cases.
- Ripple expands partnership with Hyperliquid to include HIP-3 symbols, giving Ripple Prime traders access to on-chain perpetual contracts for gold, silver, and oil.
Blockchain payment firm Ripple Labs has announced the launch of an independent attestation for its stablecoin, RLUSD. This announcement coincided with the release of a major security upgrade on the XRP Ledger (XRPL).
Also, Ripple announced an integration with Hyperliquid, focused on institutional traders on Prime.
Ripple Introduces Monthly RLUSD Attestation
Jack McDonald, Ripple’s SVP of Stablecoins and CEO of Standard Custody & Trust, announced the monthly RLUSD attestation.
McDonald noted that the February RLUSD attestation is currently live. This monthly third-party verification confirms that RLUSD is fully backed by reserves such as cash, short-term US Treasuries, and other liquid assets.
The CEO went on to explain that RLUSD is growing in utility, particularly for payments and settlements, despite fluctuations in the crypto prices.
He emphasized that the Ripple stablecoin is not just held passively as stores of value like some larger stablecoins. Instead, he described the stablecoin as a high-velocity asset, actively circulating for internal transfers, OTC settlements, and institutional liquidity flows.
According to McDonald, its practical utility makes it useful in capital markets 24/7. He cited an example of institutions using RLUSD as collateral for things like margin calls or repo trades.
McDonald further noted that the stablecoin is seeing growing adoption in Brazil. Companies like Banco Genial, Attrus, and Nomad are using the stablecoin to improve cross-border and domestic payment flows.
He also highlighted a CoinDesk report, which revealed RLUSD is gaining competitive advantages in the North American market.
McDonald added that the Ripple stablecoin is now accessible on additional platforms and exchanges, including iTrustCapital, Hashkey, Ripio App, and Bitkub Official. This expansion broadens access for users, traders, and institutions globally.
Ripple revealed earlier that its payment network operates across over 60 global markets and processed about $100 billion in transactions.
XRP Ledger (XRPL) Confidential MPTs
Apart from the RLUSD update, another major announcement from Ripple this week is a major upgrade for privacy on XRP Ledger (XRPL). As highlighted by community member BankXRP on X, Ripple Research introduced Confidential transfers for Multi-Purpose Tokens (MPTs) on XRPL.
The goal is to make XRPL more attractive for institutional and regulated use cases where full transparency of balances and amounts can be a problem.
MPTs are a newer, more efficient fungible token standard on XRPL, introduced via the XLS-33 token standard. They are designed for a wide range of uses, ranging from stablecoins and RWAs to DeFi applications. They also support things like issuance rules, freezing, and clawbacks.
Currently on XRPL, token balances and transfer amounts are fully public. This means anyone can see how much of a token any account holds or sends.
This has further caught the eyes of traders, especially amid the soaring hype of the RLUSD stablecoin.
With Confidential MPTs, individual account balances and transfer amounts become hidden. However, the total supply remains publicly verifiable, so users can still audit that the issuer is not secretly minting extra tokens.
The protocol replaces plain text per-account balances with EC–ElGamal ciphertexts. It also employs non-interactive zero-knowledge proofs to enforce transfer correctness, balance sufficiency without requiring decryption by validators.
Ripple Extends Hyperliquid Partnership Amid RLUSD Hype
Beyond RLUSD expansion and XRPL upgrade, Ripple has extended its integration with Hyperliquid to include HIP-3 symbols. The expansion is focused on institutional traders on Ripple Prime.
Ripple Prime already had an integration with Hyperliquid, a high-performance, on-chain perpetual futures exchange built on its own L1 chain. Now, they have extended it to support HIP-3 symbols.
Through this extension, institutions trading through Ripple Prime can now access on-chain perpetual contracts for gold, silver, and oil.
The extension also reduces fragmentation, improves capital efficiency, and simplifies risk management. Clients can use the same collateral across their entire portfolio, all in one place on Ripple Prime.
Overall, it bridges traditional finance (TradFi) and decentralized finance (DeFi) more deeply for institutions.