XRP holds steady despite Webus’s $300 million offering to launch XRP Reserve

Webus International is set to raise 300 million USD through non-equity financing to create an XRP reserve. This move is expected to enhance transaction efficiency in cross-border payments, marking a significant step in their blockchain initiatives.

Following the announcement, XRP’s value dropped by 0.5%, extending its weekly losses to over 6%. VivoPower’s recent 121 million USD funding towards its own XRP treasury demonstrates a growing recognition and use of cryptocurrencies as reserves.