These thresholds include maintaining over $1 billion in average open interest<\/a> across two weeks, daily spot trading volumes above $100 million, and perpetual futures volume exceeding $100 million per day. Liquidity requirements are also included, such as a spot order book depth of more than $500,000 and perpetual futures depth above $10 million on a two-week average.\u00a0<\/p>\n XRP has cleared all these requirements, which means that it is strong enough from a risk perspective to be considered as part of USDe\u2019s perpetual futures collateral system.\u00a0<\/p>\n For years, XRP has maintained its status as one of the most liquid digital assets in the market. Its market capitalization, which is at $181.944 billion at the time of writing, has grown massively in the past year. This has seen it climbing in market cap ranks, and it is now sitting behind only Bitcoin and Ethereum.\u00a0<\/p>\n Beyond the numbers, XRP\u2019s deep order books and global trading presence in exchanges<\/a> in America, Europe, and Asia allow it to handle large transactions without disrupting price stability. This level of liquidity and depth makes XRP an ideal candidate for integration into USDe, which has already been minting hundreds of millions of dollars weekly. For instance, data shows that<\/a> USDe mints were in excess of 670 million over the past week.<\/p>\n According to Ethena, XRP, alongside HYPE, has only met all the thresholds and is a candidate for onboarding shortly. Only BNB has been approved as the first new eligible asset\u00a0 for the perpetual futures portion of the collateral backing of USDe.<\/p>\n If Ethena formally onboards XRP for onboarding, it would become an important expansion of XRP\u2019s utility. It might not be the update expected by XRP holders, but this development could open a new chapter in the cryptocurrency’s utility and adoption.<\/p>\n Simultaneously, Ripple\u2019s US dollar-pegged RLUSD, has had its own success in the stablecoin market. So far, RLUSD has crossed a market capitalization of approximately $680 million within its first seven months and continues to grow. Moreover, Ripple is extending RLUSD’s global presence by partnering with<\/a> SBI VC Trade to bring it to the Japanese market by early 2026.<\/p>\n<\/p>\n
What Does This Mean For XRP?<\/b><\/h2>\n