jolineny6ni

@jolineny6ni

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According to He, not only investors but also large holders of BTC, such as MicroStrategy, are looking for additional sources of revenue through the fusion of Bitcoin and decentralized finance.

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“This is the natural need for holders, including the retail and institution. This is the native demand for holders,” said Kevin He of Bitlayer, a Bitcoin layer-2 protocol backed by asset manager firm Franklin Templeton.

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While developers still struggle with possible upgrades to a network that now has more stakeholders than ever before, startups are exploring alternative ways to unlock yield generation for holders.

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According to data aggregated by DePIN.Ninja, the market capitalization of DePIN protocols has exceeded $50 billion.

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According to Ripple Labs CEO Brad Garlinghouse, RLUSD will focus primarily on large institutional players.

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While XRP will help add liquidity to RLUSD with its significant availability on exchanges, the stablecoin’s price will also be stabilized by pairing to prevent depegging.

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Once RLUSD is available, Ripple plans to use both RLUSD and XRP in its cross-border payments solution to serve its global customers, the company said in RLUSD’s beta testing announcement.

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On Dec. 11, Ripple CEO Brad Garlinghouse announced that RLUSD had received its final approval from the New York Department of Financial Services, with the official Ripple account on X saying that the stablecoin would be launching “soon.”

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Schwartz said that the bid looked as though someone wanted “the honor” of buying the first bit of RLUSD to go to market.

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“There actually is someone willing to pay $1,200/RLUSD for a tiny fraction of one RLUSD,” said Schwartz.

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He noted that some small initial pre-market bids for the currently unreleased stablecoin were artificially inflating its value before its launch. One post on X showed 1 RLUSD being valued at about 511 XRP (XRP), worth $1,244 at current prices, on a Ripple wallet called Xaman.

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In a Dec. 15 post to X, Schwartz said he expects outsized volatility for the RippleUSD (RLUSD) stablecoin immediately following its launch, with several large orders for the token, despite it being designed to maintain a 1:1 parity with the US dollar.

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Ripple’s chief technology officer, David Schwartz, said there may be “supply shortages” in the early days of Ripple’s US dollar-pegged stablecoin, but warned investors not to “FOMO.”

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All other funds on the spot ETH ETF ecosystem have a positive inflow, with BlackRock's iShares Ethereum Trust ETF (ETHA) and Fidelity Ethereum Fund (FETH) leading the drive with investments worth nearly $3.2 billion and $1.4 billion, respectively.

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On Dec. 11, Cointelegraph reported that the inclusion in the Nasdaq 100 will add MSTR to the portfolio of Invesco QQQ Trust (QQQ), an exchange-traded fund (ETF) with approximately $322 billion in assets under management.

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Meanwhile, Illumina (ILMN), Super Micro Computer (SMCI) and Moderna (MRNA) will be removed from the index.

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MicroStrategy is one of three companies to be added to the index alongside Palantir Technologies Inc. (PLTR), and Axon Enterprise (AXON), according to a Dec. 13 statement published by Nasdaq.

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Pseudonymous crypto trader Daan Crypto Trades said in a Dec. 10 X post that Bitcoin “generally moves 30-50% after breaking a long consolidation within this cycle.”

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“Each rally and dump seems to move us closer to return dispersion in the space,” Hartmann said.

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