With the acquisition, Ripple aims to provide quickly-deployable wallets to boost fintech and corporate crypto payments, president Monica Long said in an interview.
The downturn in prices rippled across derivatives markets, liquidating over $1 billion in leveraged trading positions across all digital assets Monday, CoinGlass data showed.
The stablecoin issuer saw strong growth in the third quarter, reporting a $17 billion increase in circulating USDT and $135 billion exposure to U.S. Treasuries.