Ripple has formed strategic partnerships with Mastercard, Webster Bank, and Gemini to integrate its RLUSD stablecoin into traditional payment infrastructure, the company announced. The stablecoin operates on XRP Ledger and Ethereum, enabling direct fiat-to-crypto conversions with regulatory compliance through FDIC-backed banking. RLUSD facilitates cross-border transfers in under one second at costs below SWIFT fees, with minted supply exceeding $50 million within weeks of regulatory approval.

Grayscale Investments has waived management fees on its Grayscale Solana Trust (GSOL) for up to three months or until assets reach $1 billion, according to the firm. The trust now stakes 100% of its holdings through a diversified validator network, delivering a 7.23% staking reward rate. The move comes as Solana's unique active users climbed 36% to 2.7 million, data show.

Ripple announced a partnership with Mastercard to pilot RLUSD stablecoin payments on XRP Ledger for credit card settlements. The collaboration follows a $500 million funding round valuing Ripple at $40 billion. XRP trades near $2.30 as on-chain data shows record DEX activity amid selling pressure.

The Bank of England will release its formal consultation on stablecoin regulation on November 10, Deputy Governor Sarah Breeden confirmed. The framework will establish a dual-tier system, with systemic stablecoins facing stricter oversight under the BOE while smaller stablecoins remain under the Financial Conduct Authority's lighter requirements. The regime will include temporary holding caps of £20,000 for individuals and £10 million for businesses.

Large Ethereum holders collectively purchased 394,682 ETH valued at $1.37 billion over three days, data show. The largest buyer acquired 257,543 ETH for approximately $896 million at $3,480 per token. Other major holders including Bitmine added 40,719 ETH worth nearly $140 million during the accumulation period.

Franklin Templeton, Canary Capital, and Bitwise have submitted updated filings for spot XRP ETFs designed to permit trading without waiting for the SEC's formal approval during the ongoing government shutdown. The modifications could enable the products to begin trading in November, joining recently launched altcoin ETFs for Solana, Litecoin, and Hedera Hashgraph, according to Bloomberg ETF analyst James Seyffart.

World Liberty Financial (WLFI), the cryptocurrency initiative associated with U.S. President Donald Trump, has partnered with Bonk and Raydium to expand its USD1 stablecoin onto the Solana blockchain. The collaboration will establish USD1-based trading pairs and liquidity pools on Raydium, while Bonk.fun will integrate the stablecoin into its memecoin launchpad. USD1 aims to compete with Circle's USDC, which accounts for over $9 billion of Solana's $14.12 billion stablecoin market.

Mastercard is collaborating with Ripple and Gemini to trial a blockchain-based credit card settlement system using the RLUSD stablecoin on the XRP Ledger. The pilot connects Gemini's WebBank-issued credit card to on-chain infrastructure, replacing conventional bank clearing processes with stablecoin transfers. This marks a rare instance of a regulated U.S. bank engaging with public blockchain settlement.