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Ripple expands RLUSD into Securitize’s platform, bridging tokenized funds with on-chain liquidity, as the stablecoin tops $700 million in circulation.
Tether fundraising buzz points to a potential $500 billion valuation, even as Bitcoin ETFs logged $103 million in net outflows amid market volatility.
Plasma One launches a stablecoin neobank, Coinbase lists XSGD for global use, and Michael Saylor urges the US to treat Bitcoin as a digital reserve.
The crypto industry continues to evolve rapidly, with developments spanning stablecoin integrations, ambitious fundraising, ETF flows, and high-profile advocacy for Bitcoin adoption. Here are the top highlights from September 24, 2025.
Ripple has expanded the reach of its Ripple USD (RLUSD) stablecoin by integrating it into Securitize’s tokenization ecosystem. The move allows investors in tokenized funds such as BlackRock’s BUIDL and VanEck’s VBILL to swap their fund shares for RLUSD via smart contracts, enabling around-the-clock liquidity.
Ripple executives emphasized that RLUSD, launched in late 2024 and already circulating over $700 million, is designed with regulatory clarity and institutional trust in mind. Securitize highlighted the benefits of programmable liquidity, real-time settlement, and compliance for tokenized real-world assets.
With RLUSD now embedded into major tokenized funds, Ripple is positioning its stablecoin as a bridge between traditional finance and on-chain yield strategies.
Also Read: XRP Burns Drop to Zero: What Does it Mean?
Tether, the world’s largest stablecoin issuer, is reportedly exploring a $20 billion capital raise that could value the company at $500 billion, putting it among the world’s most valuable private companies.
The fundraising plan would involve issuing new shares worth around 3% of the company. However, insiders cautioned that final figures could be “significantly lower.”
Interestingly, this comes shortly after Tether’s US chief stated the firm had “no plans to raise money,” leaving the market uncertain about its intentions.
According to SoSoValue, Bitcoin spot ETFs saw $103.61 million in net outflows on September 23, underscoring volatile investor sentiment.
The largest outflow came from Fidelity’s FBTC, with $75.56 million leaving the fund.
Invesco and Galaxy Digital’s BTCO led inflows, attracting $10.02 million.
BlackRock’s IBIT saw $2.54 million in inflows, bringing its total net inflow to $60.65 billion.
Despite daily fluctuations, total Bitcoin spot ETF net assets stand at $147.17 billion, equal to 6.6% of the global Bitcoin market cap.
Also Read: Will Bitcoin Become a Central Bank Asset Like Gold?
Plasma, a blockchain venture supported by Bitfinex, announced the launch of Plasma One, a “neobank” built for stablecoin users. The platform combines exchange, wallet, and banking features into one app, offering free USDT transfers, instant virtual cards, and traditional card spending with rewards.
The rollout coincides with Plasma’s mainnet beta on September 25, debuting with $2 billion in liquidity and over 100 DeFi integrations. Its native XPL token will also go live, following a pre-market valuation between $4.5 billion and $7.6 billion.
Plasma’s expansion is backed by strong fundraising momentum: a $50 million raise in July, $373 million in oversubscribed commitments, and a Binance partnership that seeded $1 billion in liquidity.
Coinbase has struck a strategic partnership with StraitsX to list the Singapore dollar-backed stablecoin XSGD globally. Starting September 29, the token will be available on Coinbase and Coinbase Advanced, while also being issued on Base, Coinbase’s Ethereum Layer 2 network.
The move will enable cheaper local and cross-border payments for Singaporeans, provide FX hedging against USD volatility, and open new liquidity pools such as an XSGD/USDC market on Aerodrome.
Both Coinbase and StraitsX are licensed as Major Payment Institutions (MPI) in Singapore, ensuring regulatory compliance as the stablecoin expands globally.
MicroStrategy’s executive chairman, Michael Saylor, is urging US policymakers to treat Bitcoin as a national digital reserve asset. In a recent CNBC interview, he argued that Bitcoin is more than an investment; it could underpin a modern version of the gold-backed financial system.
Saylor noted that while Bitcoin trades between $112,000 and $115,000, demand from corporates and institutions far exceeds miner supply. Miners produce around 450 BTC daily, but companies are buying 1,755 BTC, with ETFs adding another 1,430 BTC per day.
MicroStrategy alone holds nearly 639,000 BTC, and Saylor compared Bitcoin’s role to digital gold, calling it a programmable, movable, and more efficient form of money. He predicted Bitcoin could surge by late 2025 as demand continues to outstrip supply.
1. What is Ripple’s RLUSD integration with Securitize?
It allows tokenized fund investors to convert shares into RLUSD, providing instant, compliant liquidity.
2. Why is Tether’s valuation in focus?
Tether is reportedly exploring a $20 billion raise, which could push its valuation to $500 billion, among the highest globally.
3. How did Bitcoin ETFs perform recently?
They saw $103 million in net outflows, led by Fidelity’s FBTC, though BlackRock’s IBIT and BTCO attracted inflows.
4. What is Plasma One and why is it important?
It’s a Bitfinex-backed “neobank” for stablecoin users, launching with $2 billion liquidity, cards, rewards, and DeFi integrations.
5. What did Michael Saylor propose about Bitcoin?
He urged US policymakers to treat Bitcoin as a national digital reserve, citing soaring institutional demand.
