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Pro XRP lawyer Bill Morgan has uncovered new details about Ripple’s On-Demand Liquidity (ODL) system. The information comes from Currenc Group’s March 6 SEC filing. The document outlines financial risks and reveals how the 2023 banking crisis impacted Tranglo’s XRP transactions. Tranglo, a key Ripple partner in Southeast Asia, faced severe liquidity challenges after the collapses of Silicon Valley Bank, Signature Bank, and Silvergate Bank. Many crypto exchanges, including two used by Tranglo, struggled to process XRP transactions. Because of this, several ODL partners stopped using XRP for a bit and switched to using regular money they had on hand. The filing explains how the failure of major U.S. banks created a liquidity shortage for crypto markets. Many exchanges relied on these banks for cash flow. When they collapsed, liquidity dried up. Two exchanges that Tranglo used—Independent Reserve and Coins.ph—could not convert XRP into local currencies fast enough. Related: Crypto Lawyer Shares His Take On Ripple’ ODL XRP Sales The disruption forced Tranglo to ask its ODL partners to pause XRP transactions. In response, nine out of eleven ODL partners switched to fiat pre-funding to keep operations running. This showed the risks of relying on crypto for quick cash, especially when traditional banking support is lost. The filing also provides insight into ODL adoption in 2024. It reveals that only seven out of Tranglo’s ninety-three active customers used ODL in the first nine months of the year. These transactions made up 4.8% of Tranglo’s remittance revenue and 3.6% of total payment transactions. While ODL remains part of Tranglo’s business, its limited adoption suggests some partners are hesitant to adopt it after past disruptions. Most have chosen to stick with fiat pre-funding instead of returning to XRP-based settlements. Morgan noted that the filing contains one of the most detailed breakdowns of Tranglo’s ODL system. Pages 82 to 85 explain how XRP facilitates cross-border transactions. A diagram in the prospectus shows the process, confirming that XRP remains integral to Tranglo’s operations. Related: XRP Price Alert: Support Test, Bearish Signals, Bullish Hopes Ripple’s ODL eliminates the need for pre-funded accounts by using XRP as a bridge currency. The system enables faster settlements and lowers costs. However, the 2023 banking crisis revealed its potential weaknesses during liquidity shortages. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

MoonPay has acquired Iron, an API-driven stablecoin infrastructure startup, in a move to enhance its enterprise payment solutions. This marks MoonPay’s second major acquisition in two months, reinforcing its ambition to lead the growing stablecoin payments sector. With Iron’s technology, MoonPay aims to offer businesses instant, low-cost, and borderless stablecoin transactions. The deal mirrors PayPal’s acquisition of Braintree, which helped establish its dominance in credit card processing. “This is our Braintree moment,” MoonPay CEO Ivan Soto-Wright told CNBC. The stablecoin market saw $27 trillion in transactions in 2024, with businesses increasingly adopting blockchain-based payments. MoonPay’s expansion comes amid competition from Stripe, which recently acquired Bridge Network in a $1.1 billion deal. MoonPay, valued at $3.4 billion, reported a 112% increase in net revenue in 2024. Last October, Venmo partnered with MoonPay, enabling its 60 million U.S. users to buy crypto using their Venmo balances. CNBC reporting helped with this article.

Tether CEO Paolo Ardoino shared his thoughts into the future of stablecoins and the impact of new legislation from the White House. Ardoino stated during a Bloomberg TV interview on Thursday that the Trump administration’s recently proposed stablecoin bill can provide regulatory clarity and would benefit the role of digital U.S. dollars. “This bill would unlock very much clarity on the stablecoin role for the future of the U.S. dollar and how we should be managed in a very safe and serious way,” Ardoino explained. He emphasized that Tether’s growth has been remarkable, particularly in emerging markets and developing countries, where the company sees around 40 million new wallets added each quarter. Ardoino also discussed Tether’s strategic partnership with Cantor Fitzgerald. “Our relationship with Cantor is strong and we are grateful to the fact that they onboarded us,” he said. He explained that Cantor conducted thorough due diligence on Tether before deciding to allow them to hold U.S. Treasury bills. “The past administration in the United States just tried to almost kill crypto,” Ardoino added, highlighting the importance of Cantor’s trust and partnership. This relationship reinforces Tether’s credibility within the traditional financial sector, signaling a shift toward broader acceptance of stablecoins in mainstream finance. When asked why Tether is not based in the U.S., Ardoino pointed to the global demand for U.S. dollars. “If you go outside the U.S. and you make a dozen people in the street and you ask them, ‘Would you prefer to hold the U.S. dollar or your national currency?’ they will all choose the dollar,” he said. He further explained that there are 3 billion people “not having access to traditional systems” and are “desperate” to have easy access to the dollar. Tether has strategically positioned itself to meet this demand, contributing to the strength of the dollar abroad while providing financial solutions to underserved populations. Ardoino also discussed the geopolitical importance of stablecoins and how it can positively impact the greenback. “We are building infrastructure in emerging markets, and I believe these are the last strongholds of support for the U.S. dollar,” he noted. This reflects Tether’s strategic positioning to strengthen the dollar’s global presence while addressing financial accessibility challenges in underserved markets. Ardoino’s insights underscore Tether’s pivotal role in the evolving financial landscape, where stablecoins are poised to bridge gaps between traditional and digital economies.

Securitize integrates RedStone Oracle to expand tokenized funds in DeFi Securitize, a tokenization and security token platform, has chosen RedStone as its first oracle provider to bridge its tokenized funds—issued for institutions like Apollo, BlackRock, Hamilton Lane and KKR—into decentralized finance (DeFi), according to The Block. The integration will enable these assets, including BlackRock's BUIDL and Apollo’s ACRED, to be used as collateral and in money market platforms like Compound $COMP) and Morpho $MORPHO. Securitize previously lacked oracle support, limiting DeFi functionality. RedStone’s modular design allows rapid deployment across multiple blockchains, enhancing interoperability and efficiency.

Zero Hash, a crypto and stablecoin infrastructure provider, is expanding its solution with the integration of PayPal USD. The crypto-as-a-service platform announced the integration of PayPal USD ( PYUSD ) on Mar.10, noting that users can now access the stablecoin on the Ethereum ( ETH ) and Solana ( SOL ) networks. PYUSD, a PayPal stablecoin issued by Paxos, is the latest product Zero Hash is adding to its suite. The platform already offers payments and other services integration with top stablecoins Tether ( USDT ) and USDC ( USDC ). Others are Dai, Circle’s euro-backed EURC, Ripple’s RLUSD, and Paxos’ Pax Dollar. Users will benefit from the U.S. dollar-pegged stablecoin’s features via Zero Hash’s application programming interface and software development kits. “Zero Hash offers the tech stack that powers use cases across Stripe’s payout products, on-ramps including Shift4, and tokenization payment rails used by Franklin Templeton,”said Edward Woodford, founder and chief executive officer at Zero Hash. Beyond cross-border payments and trading, Zero Hash’s customer base spans use cases such as remittances, tokenization, on- and off-ramps, wallet integration, and payrolls. This has led the platform to partner with Felix, Securitize and Kalshi. Backed by Point72 Ventures, Bain Capital and Nyca Partners, Zero Hash also has an extensive regulatory footprint. It has approval as a money service business by the Financial Crimes Enforcement Network and also holds a money transmitter license that allows it to operate across 51 jurisdictions in the U.S. Backed by Point72 Ventures, Bain Capital, and Nyca Partners, Zero Hash also has an extensive regulatory footprint. It is registered as a money service business with the Financial Crimes Enforcement Network and holds a money transmitter license that allows it to operate across 51 jurisdictions in the U.S. Meanwhile, PayPal USD launched in August 2023 and offers a 1:1 U.S. dollar backed stablecoin. Currently, PYUSD is the ninth-largest by market cap with over $720 million and is natively available on Ethereum and Solana. The stablecoin also recently expanded to Cardano via the Wanchain cross-chain bridge.