Thailand is taking a big step toward modernizing its financial system. Soon, tourists will be able to use cryptocurrency through their credit cards, making spending easier and more flexible. Alongside this, the government is working on major financial reforms to bring traditional banking and digital assets closer together. These changes aim to create a smoother, more unified market that welcomes both old and new forms of money. It’s a clear sign Thailand is embracing the future of finance.
Ripple’s USD-backed stablecoin, RLUSD, has seen a sudden pause in its minting activity. According to data released by the Ripple Stablecoin Tracker, the last batch of the stablecoin was minted on April 25, followed by an unexpected silence for almost a week.
Why Ripple Pauses RLUSD Minting?
Significantly, Ripple appears to have temporarily halted RLUSD stablecoin minting, with no new coins created over the past week. As per the Stablecoin Tracker data, the crypto firm last minted the stablecoin on April 25 in three batches: two with 11,500,000 tokens each and one with 15,000,000 tokens.
Following the activity, the platform paused its RLUSD minting, with the Stablecoin Tracker remaining silent with no data. This indicates that the crypto platform has minted zero stablecoin over the past week while RLUSD surpassed $300 million.
Ripple’s recent pause in RLUSD minting isn’t unprecedented, as the company has taken regular breaks over the past two months, gradually injecting new coins into circulation. This measured approach has seen RLUSD’s market capitalization grow to $316.88 million, ranking 217th.
Since its launch, RLUSD has been exhibiting notable growth with its unique utilities. Initially, the stablecoin was designed as a “golden standard” for enterprise use, targeting businesses as its primary users. However, the platform later decided to expand its use cases. Recently, Ripple integrated the stablecoin into Ripple Payment, unveiling a new utility push.
Moreover, RLUSD’s usage has diversified, serving as collateral on DeFi platforms and centralized finance applications, and facilitating donations for nonprofit organizations. It’s also listed on major crypto exchanges such as Kraken, LMAX Digital, Bitstamp, Bullish, and Zero Hash, enabling trading and purchasing.
The crypto market is witnessing corrections as Bitcoin faces downward pressure. Meanwhile, the Made in USA market cap has reached $439 billion. If Trump announces tax relief for USA coins, certain assets could experience significant price movement. Filecoin (FIL), Sui (SUI), and Aptos (APT) are among those that could benefit.
USA coin: Filecoin (FIL)
Filecoin (FIL) price is trading at $3.16 after a 3% daily increase. Its 24-hour trading volume stands at $205.73 million, marking a 48% rise. The market cap has climbed to $2.03 billion, reflecting a 3% growth.
Analysts suggest FIL is holding key support, with a potential target of $16. A strong rebound could push prices higher. This development comes as speculation grows that USA coins may benefit from potential tax relief if announced by former President Donald Trump.
Sui (SUI)
Sui (SUI), a layer-1 blockchain, has seen notable growth, rising nearly 4% over the past week despite market fluctuations. Increased institutional interest and expanding partnerships have positioned SUI for further price gains. At the time of writing the SUI price has $2.67, with 2% decrease.
In a major development, the Sui price has partnered with World Liberty Finance (WLFI), a decentralized finance protocol inspired by Donald J. Trump’s vision of financial transparency. Additionally, both entities have begun exploring joint product development opportunities, reinforcing Sui’s expanding presence in the blockchain ecosystem.
BREAKING — we’re extremely excited to announce a partnership with @worldlibertyfi, a Donald J. Trump-inspired pioneering DeFi protocol, rooted in a shared vision for a more open and transparent financial world.
Aptos (APT) is showing strong momentum as it consolidates within a horizontal channel on the 4-hour chart. This pattern suggests an imminent breakout. If market conditions allow, traders may look for entries near the lower boundary to catch any potential dips.
A sustained bullish push could drive APT beyond the $10 mark in the near term. Currently, Aptos is trading at $6.27, rising 5.16% in the past 24 hours despite broader crypto market corrections.
With speculation growing over possible tax relief for USA-based cryptocurrencies, Aptos is gaining attention as one of the top-performing assets in the sector.
The speculation surrounding tax relief for Made in USA cryptocurrencies is gaining traction. USA coins such as Filecoin, Sui, and Aptos are in focus as investors evaluate possible impacts. While market trends remain uncertain, any favorable policy shift could bring substantial changes.
Over the past week, XRP’s price has remained range-bound amid the broader market’s recovery attempt.
However, with a growing bullish bias toward the altcoin, XRP may be on the brink of breaking free from this range and trending upward. This analysis explains why.
XRP Futures Traders Bet on Upside as Long Positions
The momentum shift towards the bulls has become evident, particularly within the futures market, where long bets on XRP are now surpassing short positions. This is reflected by the token’s XRP’s long/short ratio, which is currently at 1.07.
The long/short ratio measures the proportion of long positions (bets on price increases) to short positions (bets on price declines) in the market.
When its value is below one, it indicates that the number of short positions outweighs long positions in the market, suggesting bearish sentiment or a lack of confidence in the token’s future price performance.
As with XRP, when an asset’s long/short ratio is above one, it means there are more long positions than short ones. It indicates that traders are predominantly bullish on XRP and hints at a higher likelihood of an upward breach of its narrow range.
In addition, XRP’s relative strength index (RSI) has climbed steadily, indicating a gradual rise in demand for the token. The key momentum indicator, at 50.77, currently rests above the neutral line and is in an uptrend.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
At 50.77, XRP’s RSI signals a shift toward bullish momentum. It indicates that buying pressure is starting to outweigh selling pressure, and the asset may be poised for further price increases.
XRP Eyes $2.18 Resistance as Bulls Look to Push for $2.29
XRP currently trades at $2.13, just 3% away from its next significant resistance level, $2.18. If buying pressure intensifies and the altcoin successfully flips this price point into a support floor, it could trigger further price growth. In this scenario, XRP could potentially climb to $2.29.
BREAKING — we’re extremely excited to announce a partnership with 
WLFI will include SUI in their… 
