On May 19, Ripple said Ripple Prime integrated with EDX Markets and EDXM International to add EDX liquidity for institutional clients across digital asset spot and perpetual futures markets. The setup provides a single prime-brokerage access point that combines trading, credit intermediation, net settlement, and collateral and margin workflows. Ripple also said the collaboration is intended to support future use of its U.S. dollar-backed stablecoin RLUSD for settlement and collateral on EDX.

Evernorth argues XRP and RLUSD fill different roles on the XRP Ledger, with XRP used as a neutral bridge asset for routing trades and RLUSD aimed at dollar-denominated transactions. In a May 20 Evernorth blog post, chief business officer Sagar Shah said issuer-linked constraints can make stablecoins less suited for universal routing across markets. He added that XRP’s function also extends to liquidity pools, collateral use, and XRPL escrow-based settlement.

The National Cryptocurrency Association says more than 67 million Americans—about 1 in 4 adults—now hold cryptocurrency, with 12 million entering the market in one year. The survey-based report says 90% of holders expect to buy crypto within the next year, while 77% said crypto has had a positive impact on their lives.

CME Group said its XRP futures suite recorded $62.87 billion in notional volume in its first year, alongside 1.32 million contracts traded and $238 million in average daily volume. The exchange shared the figures on May 20, covering activity through May 15, and highlighted growth across XRP futures, options, and spot-quoted XRP futures.

Italian financial investigators traced more than €1 million ($1.16 million) in allegedly undeclared crypto gains tied to Bitcoin Ordinals trading, after examining activity connected to a seized Ledger hardware wallet. The probe used wallet-clustering techniques and exchange KYC records to link pseudonymous on-chain flows to identified individuals, and to reconstruct a repeat trading pattern that cycled BTC proceeds back into further Ordinals activity.

D'CENT announced on May 19 a three-week campaign that lets XRP holders deposit into the Monarq XRP Yield Vault (MXRPY) via its app while staying in a hardware-wallet environment. Running from May 19 to June 8, the promotion offers zero platform fees and a $40,000 reward pool paid in XRP and FLR, while Flare network fees are handled without requiring users to buy separate gas tokens.

The U.S. Office of the Comptroller of the Currency’s clearance of national trust charters tied to Coinbase, Ripple, Bitgo and other digital-asset firms has widened a regulatory dispute involving Sen. Elizabeth Warren. On May 19, Bitgo CEO Mike Belshe published an open letter arguing that fiduciary custody keeps client assets segregated in bankruptcy-remote accounts and does not involve deposits or lending. He also said stablecoin reserves are held in full and supported by twice-monthly attestations plus quarterly and annual audits.

On May 18, Evernorth said the key takeaway from a recent cross-institution blockchain workflow was XRPL coordinating settlement between Ripple, Mastercard, J.P. Morgan’s Kinexys, and Ondo Finance. The firm described Ripple redeeming OUSG on XRPL before the flow passed through Mastercard into Kinexys, with U.S. dollar proceeds reaching Ripple’s Singapore account outside normal banking hours. Evernorth also pointed to filings stating it raised more than $1 billion in gross proceeds tied to a planned Nasdaq listing under ticker XRPN.

President Donald Trump signed an executive order on May 19 instructing U.S. financial regulators to review rules that affect fintech firms, digital asset companies, and blockchain-based financial services. Agencies have 90 days to identify barriers tied to partnerships, charter and licensing reviews, and other federal authorizations, while the Federal Reserve is asked to assess whether certain non-banks and uninsured depository institutions can obtain payment accounts and services.