XRP Price New ATH & Ripple's RLUSD Stablecoin Launch Reshape the Digital Asset Market

  

XRP hits a new all-time high as Ripple launches the RLUSD stablecoin, reshaping the $200B stablecoin market. Explore record-breaking crypto inflows, Bitcoin ETF momentum, and Ripple's strategic moves driving XRP adoption in 2024-2025.

The digital asset investment market continues to shatter records in 2024, as inflows into cryptocurrencies reached unprecedented levels. Bolstered by surging investor interest, pro-crypto regulatory signals, and key ecosystem developments, Bitcoin, Ethereum, and XRP have dominated the spotlight.

Ripple's new RLUSD stablecoin launch adds yet another dimension to the fast-growing crypto market, particularly in the stablecoin space.

Digital Asset Inflows Surge to $44.5 Billion in 2024

Digital asset investment products, including spot Bitcoin and Ethereum ETFs, witnessed inflows of $3.2 billion last week alone. This milestone brought year-to-date (YTD) inflows to a staggering $44.5 billion, quadrupling any previous annual records, according to CoinShares data. 

The week’s $3.2 billion inflow represents the 10th consecutive week of positive flows into digital asset products. It follows a record-breaking $3.85 billion from the prior week, signaling robust investor confidence. Notably, Bitcoin accounted for $38.5 billion of the YTD inflows, representing 87% of total investments.

The launch of spot Bitcoin ETFs, coupled with Donald Trump’s recent electoral victory in the U.S., has reinvigorated institutional and retail interest in Bitcoin. Trump's pro-crypto stance has set the stage for a potentially friendlier regulatory environment, spurring optimism across the crypto market.

Ethereum and Altcoin Inflows Gain Momentum

While Bitcoin dominated inflows, Ethereum and other altcoins saw notable activity last week. Ethereum investment products recorded $1 billion in inflows, lifting YTD totals to $4.4 billion. This surge comes despite Ethereum’s underperformance relative to other major cryptocurrencies.

Analysts believe the launch of federal cryptocurrency legislation could stimulate the development of decentralized applications (dApps) on Ethereum’s network, driving higher usage and demand.

Similarly, XRP investment products saw significant traction, drawing $145 million last week and pushing YTD inflows to $421 million. Butterfill attributed this momentum to growing speculation around a U.S.-listed XRP ETF and positive sentiment following Trump’s election victory.

Altcoins like XRP also benefited from ongoing advancements within their ecosystems, such as Ripple’s upcoming stablecoin launch.

Ripple’s RLUSD Stablecoin Set to Transform the Market

On December 17, Ripple will officially launch its RLUSD stablecoin, marking a major milestone in the $200 billion stablecoin market. RLUSD will initially be available on both the XRP Ledger (XRPL) and Ethereum networks, expanding its utility and accessibility.

Fully backed by U.S. dollar deposits, short-term U.S. government bonds, and cash equivalents, RLUSD is designed to maintain a 1:1 peg to the U.S. dollar.

Ripple CEO Brad Garlinghouse emphasized that the stablecoin received “final approval” from the New York Department of Financial Services (NYDFS), highlighting its regulatory clarity and trustworthiness.

RLUSD will be distributed through key exchange and platform partners, including Uphold, MoonPay, Bitso, Bullish, and Bitstamp, with additional listings planned in the coming weeks. While initially unavailable in the European Union due to regulatory hurdles under MiCAR, Ripple is actively exploring options to enter the bloc’s market.

XRP Price Outlook and Catalysts Driving Growth

Ripple’s RLUSD stablecoin launch has generated significant interest in XRP, which serves as the transaction fee token on the XRPL.

XRP’s price surged to a seven-year high of $2.90 on December 3, 2024, before entering a corrective phase. As of this article is written on December 17, XRP trades at $2.5727—an 7,29% pullback after tripling its value in the past six weeks.

The hype surrounding RLUSD, coupled with growing adoption, is expected to support XRP’s long-term price trajectory. Analysts, including Georgios Vlachos, co-founder of Axelar, predict that RLUSD adoption in emerging markets for transactions and savings will drive XRP demand throughout 2025.

From a technical perspective, XRP has formed a bullish flag pattern, indicating potential upside. Analysts project a target of $15—a 520% increase from current levels—as the market stabilizes and bullish sentiment grows.

Regulatory Shifts and Institutional Interest

Trump’s pro-crypto stance has created optimism for a favorable regulatory landscape in the U.S., particularly as Republican lawmakers take key positions. Crypto-friendly Rep. French Hill (R-AH) was recently appointed to lead the House Financial Services Committee, signaling a potential shift toward clearer regulations for digital assets.

Amid this changing environment, leading asset managers such as WisdomTree and 21Shares have filed applications for XRP ETFs, reflecting growing institutional interest. 

While XRP spot ETFs remain unavailable in the U.S., international markets continue to see strong demand, accounting for 92% ($3.5 billion) of last week’s inflows.

Switzerland and Germany emerged as key contributors, with inflows of $159 million and $116 million, respectively.

RLUSD Volatility Concerns and Investor Guidance

Despite its dollar peg, RLUSD’s launch may experience short-term price volatility due to high demand and limited supply. Ripple CTO David Schwartz warned traders against speculation, cautioning against paying inflated prices driven by hype.

Instances of traders offering exorbitant amounts—up to $1,200 for a fraction of RLUSD—highlight the fervor surrounding its launch. Schwartz reassured investors that such anomalies are temporary, and the stablecoin’s price will settle close to $1.

Conclusion

As 2024 concludes, the digital asset market is witnessing historic inflows, driven by institutional demand, regulatory optimism, and major ecosystem advancements. Bitcoin continues to dominate the landscape, but Ethereum and XRP are emerging as key players amid developments like Ripple’s RLUSD stablecoin.

With RLUSD poised to disrupt the stablecoin market and broader adoption of XRP expected in 2025, Ripple’s strategic focus on regulatory compliance and innovation could further solidify its position.

As the crypto industry enters 2025, the combination of pro-crypto policies, growing institutional interest, and increasing utility sets the stage for sustained growth across digital assets.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

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Fixing the PhilHealth Crisis: A Call for Immediate Reform and Accountability

Wazzup Pilipinas!?

The recent statement of Health Secretary Teodoro Herbosa highlights an alarming and systemic issue that has long plagued PhilHealth, the country’s state health insurer. Herbosa, who also chairs the PhilHealth Board of Directors, firmly noted that management has been operating the agency like a “pension fund,” prioritizing fund protection over providing essential health benefits to its members. This revelation underscores deep flaws within the agency’s operations and emphasizes the need for urgent and bold reforms.

The PhilHealth Dilemma: A System of Mismanagement

For decades, Filipino citizens have consistently contributed to PhilHealth, a mandatory insurance scheme meant to ease healthcare expenses during medical emergencies. Yet, the reality for many Filipinos tells a starkly different story:

Insufficient Benefits: Members lament receiving minimal coverage when hospitalized, with PhilHealth only shouldering a fraction of their medical bills. Despite years of contributions, individuals feel shortchanged, as the funds they have diligently paid in seem to vanish when they need them most.

Unresponsive to Needs: Calls for expanded benefits—such as free medicines, laboratory tests, and comprehensive hospitalization coverage—remain unaddressed, even as PhilHealth sits on billions of pesos in surplus funds.

Unfair Contributions: Filipinos question why mandatory contributions are not reduced, given the reported surpluses. As one commentator put it, “Kung sobra-sobra ang pondo ng PhilHealth, babaan niyo ang contributions o lawakan ang benefits.”

Corruption Allegations: A Broken System?

Public outrage stems from longstanding suspicions of corruption and misuse of funds within PhilHealth. Many Filipinos are demanding a deeper investigation into the lifestyles, allowances, and salaries of PhilHealth’s upper management. Accusations of “systematic plunder” within the agency have only intensified as reports surface of billions of pesos being misallocated or disappearing altogether.

Critics have suggested lifestyle checks and audits of bank accounts to ensure transparency and prevent abuse. The call for a leadership overhaul is loud and clear: “Sibakin at palitan ang management ng PhilHealth!”

A System Designed to Fail?

The crux of the issue lies in PhilHealth’s operations, which appear out of touch with its original purpose: to provide affordable and accessible healthcare for all Filipinos. Critics argue that:

PhilHealth operates more as a revenue-generating body rather than a healthcare service provider.

Administrative inefficiencies and unclear policies lead to delays in benefit payouts and mounting frustrations among members.

Political interests may have infiltrated PhilHealth, diverting its funds toward personal agendas rather than public welfare.

This sentiment was aptly captured in one powerful observation: “They’re more concerned about earning, not aiding.”

What Needs to Change?

The solution to PhilHealth’s problems is clear but requires decisive action:

Management Overhaul: The President, along with Sec. Herbosa, must remove and replace PhilHealth’s leadership with individuals committed to transparency, accountability, and service.

Transparent Audits: Conduct an independent audit to determine where the funds are going and identify any irregularities.

Improved Benefits for Members: Expand PhilHealth coverage to include free medicines, laboratory tests, surgeries, and full hospitalization benefits, especially for seniors and PWDs.

Mandatory Contribution Reforms: With a reported P600 billion in funds, contributions should either be lowered or reallocated to enhance benefits for all contributors.

Free Universal Healthcare: Filipinos are now calling for a government-subsidized universal healthcare system similar to successful models abroad, like Singapore’s Medisave.

A Vision for the Future

Imagine a PhilHealth that truly works for the Filipino people—one where every contributor receives the benefits they deserve, regardless of economic status. Doctor consultations, surgeries, and medicines would be covered, eliminating the financial burden of healthcare.

As one citizen expressed, “Hindi ba pwedeng gawing free healthcare system ang kalusugan ng mga Pilipino, tulad ng free education na sinusuportahan ng gobyerno?”

Conclusion: Time for Action

PhilHealth’s broken system reflects broader governance failures that must no longer be ignored. Secretary Herbosa’s candid remarks are a wake-up call for reforms that put the health and welfare of Filipinos first. The government must act swiftly to restore trust, ensure accountability, and transform PhilHealth into a true ally in public health.

Filipinos have been patient for far too long. It’s time to fix this system—not tomorrow, but today.

A Comprehensive Look at the Presidents of the Philippines: Their Legacies, Successes, and Lessons Learned

Wazzup Pilipinas!?

The Philippines has had a dynamic and often turbulent political history, marked by the leadership of its 16 presidents. Each has had a unique impact on the country, leaving behind legacies defined by their decisions, actions, and the challenges they faced. Here’s an in-depth look at the past Presidents of the Philippines, with a focus on their successes, failures, and the qualities that shaped their presidencies.

1. Emilio Aguinaldo (1899–1901)

Pros: Aguinaldo was the first President of the Philippines and led the country’s fight for independence from Spanish rule. His courage and leadership in the Philippine Revolution are unmatched, and he remains a symbol of national pride for his defiance against foreign colonizers.

Cons: Aguinaldo's presidency was marred by internal conflict. His leadership was challenged by rival factions, including the forces of Andres Bonifacio, whose execution under Aguinaldo's orders sparked division. Furthermore, his failure to gain international recognition for the Philippine Republic limited its lasting impact.

Legacy: Aguinaldo is remembered for his role in declaring Philippine independence on June 12, 1898. To make his legacy even more notable, he could have focused on unifying the various factions within the revolutionary movement, ensuring a smoother transition to self-rule.

2. Manuel L. Quezon (1935–1944)

Pros: Quezon is credited with shaping the early political landscape of the Philippine Commonwealth, advocating for independence from the United States. He was instrumental in establishing Filipino as the national language and championing social reforms, such as labor laws and the protection of workers' rights.

Cons: Quezon's leadership faced challenges in terms of governance. His administration was criticized for its heavy reliance on the American government and for failing to fully address issues of poverty and inequality.

Legacy: Quezon remains a national hero for his advocacy of Filipino identity and self-determination. His emphasis on social justice, particularly labor rights, sets him apart. To enhance his legacy, Quezon could have taken a more assertive stance in negotiating independence and creating a more robust foundation for post-colonial governance.

3. José P. Laurel (1943–1945)

Pros: Laurel served as president of the Japanese-occupied Philippines during World War II. Despite the circumstances, he is often seen as a symbol of resilience for the country during a dark chapter in its history. He worked toward maintaining peace, order, and some semblance of governance during the Japanese occupation.

Cons: Laurel's presidency was controversial, as he worked under Japanese rule, leading to questions about his collaboration with the enemy. His tenure lacked substantial autonomy, and the Philippines was still heavily influenced by Japan.

Legacy: Laurel is remembered for his efforts to maintain order in a time of great turmoil. However, he would be more celebrated if he had pushed harder for Filipino sovereignty and independence during the occupation rather than appearing as a puppet leader.

4. Sergio Osmeña (1944–1946)

Pros: Osmeña was instrumental in the liberation of the Philippines from Japanese forces. After the war, he worked to rebuild the country and re-establish democratic governance. His leadership in the post-war era was marked by efforts to reconstruct the war-torn nation.

Cons: Osmeña’s tenure was short and his administration faced significant economic challenges. The rebuilding efforts were slow, and some felt that he did not do enough to resolve the aftermath of the war quickly.

Legacy: Osmeña’s role in rebuilding the Philippines and his leadership during the liberation from Japanese occupation are his lasting contributions. However, more effective post-war reconstruction and economic management could have solidified his place as one of the great presidents.

5. Elpidio Quirino (1948–1953)

Pros: Quirino's presidency is remembered for the economic recovery after World War II. He promoted infrastructure development, attracted foreign investments, and led the country through a period of rapid industrialization.

Cons: Quirino’s administration faced widespread corruption, with political patronage and bribery running rampant. His failure to address these issues undermined his administration's credibility.

Legacy: Quirino's economic accomplishments, including the development of vital infrastructure, are significant. However, his legacy could have been more enduring had he focused on strengthening the rule of law and fighting corruption more vigorously.

6. Ramon Magsaysay (1953–1957)

Pros: Magsaysay is regarded as one of the most popular presidents, known for his advocacy for the common people. He introduced wide-reaching reforms aimed at improving the lives of ordinary Filipinos, including land reform, anti-corruption efforts, and improving relations with the military.

Cons: While he was successful in many areas, Magsaysay faced challenges with the Hukbalahap insurgency and was criticized for some military operations that resulted in civilian casualties.

Legacy: Magsaysay’s legacy is one of a populist leader who championed social reforms and tackled corruption head-on. To further enhance his legacy, he could have focused more on sustainable economic development and addressing the root causes of insurgency.

7. Diosdado Macapagal (1961–1965)

Pros: Macapagal is known for his efforts to push for the country’s independence from U.S. influence, including the renaming of the country’s Independence Day to June 12, aligning with the declaration of independence made by Aguinaldo. He also pursued agrarian reform and made strides in developing the agricultural sector.

Cons: His presidency was marred by economic instability and political challenges. Macapagal struggled to gain the support of certain factions in Congress and faced criticism for not achieving enough progress in tackling poverty.

Legacy: Macapagal’s legacy as a reformist and his promotion of Filipino sovereignty are key highlights. However, his presidency would have been remembered more positively had he focused on advancing economic reforms that benefited all Filipinos, particularly in rural areas.

8. Ferdinand Marcos (1965–1986)

Pros: Marcos is remembered for his infrastructure projects, including the construction of the Cultural Center of the Philippines, the San Juanico Bridge, and various highways. His administration also saw economic growth in the early years.

Cons: Marcos’ regime became infamous for corruption, human rights violations, and the imposition of Martial Law in 1972. His 21-year rule led to a significant erosion of democratic institutions and widespread abuse of power.

Legacy: Marcos’ early years were marked by progress, but his regime is best known for its authoritarian rule and the eventual fall from grace. To be remembered more favorably, Marcos should have focused on democratic principles, transparency, and social justice.

9. Corazon Aquino (1986–1992)

Pros: Aquino was the first female president and a symbol of the People Power Revolution, which ended Marcos' authoritarian rule. She worked to restore democracy and civil liberties in the country and made significant strides in promoting human rights.

Cons: Aquino's administration faced criticism for her inability to fully address the country’s economic challenges. While she helped restore democracy, her government struggled with issues of political instability and high poverty rates.

Legacy: Aquino’s role in the restoration of democracy makes her a towering figure in Philippine history. She could have strengthened her legacy by pushing for deeper economic reforms and better governance to address systemic issues like poverty and inequality.

10. Fidel V. Ramos (1992–1998)

Pros: Ramos is credited with ushering in political stability after the tumultuous years of the Aquino administration. He implemented economic reforms that led to growth, improved the energy sector, and promoted infrastructure development.

Cons: Ramos' presidency was criticized for favoring large business interests and neglecting the needs of the poor. While he succeeded in many areas, inequality persisted.

Legacy: Ramos is remembered for his role in stabilizing the Philippines and pushing for economic growth. His legacy could have been enhanced if he had focused more on inclusive economic policies that benefited the marginalized sectors of society.

11. Joseph Estrada (1998–2001)

Pros: Estrada had a strong connection with the masses and was seen as a champion of the poor. His administration was marked by social welfare programs, including the controversial “Erap para sa Mahirap.”

Cons: Estrada’s presidency was marred by allegations of corruption, and he was impeached and removed from office in 2001. His failure to address these issues effectively led to a loss of public trust.

Legacy: Estrada's populist appeal remains a key aspect of his legacy. However, his presidency would have been remembered more positively had he focused on governance and transparency, avoiding the corruption scandals that led to his downfall.

12. Gloria Macapagal Arroyo (2001–2010)

Pros: Arroyo served as the country’s second female president and was instrumental in guiding the Philippines through economic challenges, achieving impressive growth rates and navigating the global financial crisis of 2008.

Cons: Her presidency was marred by allegations of corruption, political maneuvering, and human rights abuses. The legitimacy of her presidency was questioned due to the 2004 election scandal.

Legacy: Arroyo’s economic achievements are often overshadowed by the corruption issues that dogged her administration. A more transparent approach to governance and addressing the allegations would have solidified her legacy.

13. Benigno Aquino III (2010–2016)

Pros: Aquino is remembered for his focus on good governance, transparency, and anti-corruption efforts. His administration achieved economic growth, improved the Philippines’ global standing, and successfully challenged China’s claims in the South China Sea through the Hague ruling.

Cons: While Aquino’s presidency was marked by economic improvements, his handling of natural disasters and his administration’s relationship with certain sectors, such as farmers and workers, was often criticized.

Legacy: Aquino's role in strengthening democracy and securing international victories, particularly the South China Sea ruling, ensures his place in history. His presidency could have been even more impactful if he had focused on building more sustainable rural development.

14. Rodrigo Duterte (2016–2022)

Pros: Duterte is known for his strong stance on crime, drug abuse, and his unorthodox leadership style. His "War on Drugs" was a defining aspect of his presidency, and he pushed for infrastructure development under his "Build, Build, Build" program.

Cons: Duterte’s administration was criticized for its human rights abuses, particularly related to his controversial drug war. His foreign policy pivot towards China was also met with skepticism, especially in terms of national security.

Legacy: Duterte’s legacy is highly divisive, with supporters praising his tough approach on crime and economic initiatives, while detractors highlight his authoritarian tendencies and disregard for human rights. A more balanced approach between law enforcement and human rights could have made his presidency more enduring.

15. Marcos Jr. (2022–Present)

Pros: Marcos Jr. has emphasized economic recovery, focusing on agriculture, infrastructure, and digital transformation. His leadership is still developing, with some key initiatives aimed at improving national governance.

Cons: His administration has faced criticism for its lack of substantial progress on key issues such as poverty reduction and its ties to political dynasties.

Legacy: The younger Marcos’ presidency is still unfolding. To ensure a positive legacy, he must focus on improving governance, addressing systemic inequalities, and positioning the Philippines as a leader in the Southeast Asian region.

Conclusion: Each President of the Philippines has faced unique challenges and has left behind a complex legacy. While some are remembered for their strides toward progress, others are marked by failure and controversy. To be remembered more favorably, future leaders must focus on governance that balances development, social justice, transparency, and human rights.