- SBI confirms Ripple Payments are currently used by over 100 financial institutions across 55 countries.
- SBI hints at future plans involving XRP exchange-traded funds and a new RLUSD stablecoin strategy.
Japan-based financial services firm SBI Holdings has confirmed the adoption of Ripple Payments by more than 100 financial institutions (FIs) operating in 55 countries.
This figure refines earlier industry estimates that cited around 300 FIs but included use of other Ripple products.
A couple of highlights from the latest SBI report pertaining to #XRP & #Ripple. 1/3
[1] Some detail about adoption: SBI cites Ripple Payments in use by 100+ FI's across 55 countries. This is different than the oft cited 300 FI's, which may be using other products. pic.twitter.com/vGjCyBcU7L— WrathofKahneman (@WKahneman) August 1, 2025
SBI Details Ripple Payments Usage Among Global Financial Institutions
The latest SBI report clarifies that the 100-plus FIs using Ripple Payments represent a subset focused specifically on the payment rails powered by Ripple’s technology.
This contrasts with the broader figure of approximately 300 institutions that may be utilizing Ripple’s wider range of solutions, including cross-border settlements and liquidity tools.
SBI Signals Development of XRP ETFs and RLUSD Stablecoin Strategy
SBI’s report also indicates ongoing strategic initiatives to introduce XRP exchange-traded funds (ETFs), with some experts predicting it’s launch later this fall; as well as a new RLUSD stablecoin launched recently with Binance-Ripple partnership.
While details remain limited, these plans suggest a push toward creating regulated financial products leveraging XRP and expanding the utility of Ripple’s blockchain infrastructure in tokenized asset management and payments.
At the time of this press, XRP is trading at $2.97, reflecting a 4.50% decrease over the past 24 hours. The price has fluctuated between a low of $2.91 and a high of $3.13 during this period. Trading volume has been approximately $8.5 billion, indicating active market participation.
