Important Ripple News and XRP Price Update: October 15

Here's the latest in the Ripple ecosystem, including XRP's price moves after the fresh crash from this morning. It was another major week for Ripple and its native token, albeit not moving in the same direction. While the company announced a big partnership with Standard Chartered, XRP slumped hard during the Thursday market crash. We will also review a major fix that was implemented in the XRP Ledger. Let’s dive in. Ripple Partnership and Wall Street Push One of the biggest pieces of news from the end of last week was Ripple’s expansion into the leveraged ETF market on Wall Street. Through its prime brokerage platform, Ripple Prime, the company now offers swap financing. This followed its doubling down on its partnership with Brevan Howard, which expanded its services for hedge funds and investment managers. Leveraged ETFs use derivatives and pose significant risks and costs for investors, which could reduce long-term returns due to financing charges. Separately, Standard Chartered launched custody support for Ripple’s native stablecoin, RLUSD, strengthening its integration into institutional trading with LMAX Group. The bank’s DIFC Branch in Dubai, regulated by the Dubai Financia...