đUniversal Digital Payment Network launched by Hong Kong-based blockchain companyđ
The UDPN is a distributed ledger technology platform that aims to serve a similar function as the SWIFT network for banks but for stablecoins and CBDCs
Red Date Technology, a Hong Kong-based blockchain company, has created a digital payments system called the Universal Digital Payment Network (UDPN) that aims to connect central bank digital currencies (CBDCs) and stablecoins.
The UDPN was launched on January 19 during the World Economic Forum in Davos, Switzerland, and has been developed in collaboration with GFT Technologies and DLA Piper's digital asset creation engine TOKO.
The UDPN, as described in its white paper, is a distributed ledger technology platform that aims to serve a similar function as the SWIFT network but for stablecoins and CBDCs.
It is stated that the UDPN will create a standard for messaging and communication between different systems for stablecoins and CBDCs in the same way that the SWIFT network did for financial institutions.
According to a press release, several major global banks are currently participating in testing the (UDPN) through proof of concept trials for cross-border transfers and swaps.
The release did not reveal which banks are participating in these trials. However, it is known that HSBC, Deutsche Bank, Akbank, Standard Chartered, and The Bank of East Asia were represented at the launch event of UDPN in Davos.
The stablecoins that are being used in the testing phase were not disclosed. The UDPN's whitepaper states that it only supports CBDCs and regulated, fiat-backed stablecoins as payment methods and will not accept unregulated public-chain cryptos such as Bitcoin.
Additionally, eight more proof of concept tests are planned for the network, including issuing and circulating a CBDC, bank-issued stablecoin, and using UDPN as a payment gateway for e-commerce.
Red Date Technology has been working on the development of UDPN for almost two years.
Prior to the launch of this digital payments system, the company was recognised for its work on the Blockchain-based Service Network (BSN), which is China's national blockchain project.
In a roadmap that was posted on January 15, 2021, but later deleted, the BSN said that it intended to create a CBDC system that would revolutionise the current payment and circulation methods and would enable a standardised digital currency transfer method and payment procedure for any information system.
If XRP is the neutral bridge for all sovereign currencies, stablecoins, and tokenized assets, then itâs not just facilitating payments, itâs capturing all that value at every level. From smart contracts to tokenized treasuries and digitized assets, XRP forms the foundation and backbone for everything in between.
With cross-border payments representing a multi-trillion-dollar corridor, thatâs where the largest capital will flow and the greatest returns will come from.
At this point, youâre the gatekeeper to the digital economy. Everything else follows or fades away once regulations take effect.
You either see it or you wonât until itâs too late.
'Everyone, including Mastercard and Visa, is looking at how this technology can make finance easier for their consumers and their business. I don't think there is going to be a loser, but I do think there will be shake-ups. And ultimately, the consumer is going to win.' - SDF CEO @DenelleDixon on @BloombergTV
đ Coinbase just launched an AI agent for Crypto Trading
Custom AI assistants that print money in your sleep? đ
The future of Crypto x AI is about to go crazy.
đ Hereâs what you need to know:
đ 'Based Agent' enables creation of custom AI agents
đ Users set up personalized agents in < 3 minutes
đ Equipped w/ crypto wallet and on-chain functions
đ Capable of completing trades, swaps, and staking
đ Integrates with Coinbaseâs SDK, OpenAI, & Replit
đ What this means for the future of Crypto:
1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto đtxns done by AI agents by 2025
đš I personally wouldn't bet against Brian Armstrong and Jesse Pollak.
đ Coinbase just launched an AI agent for Crypto Trading
đ Coinbase just launched an AI agent for Crypto Trading
đ How to Liquid Stake XPRT and Add Liquidity to stkXPRT/XPRT Pool on Persistence DEX đ
Dinarian Note: The tutorial shows you how to turn your XPRT into Liquid staked stkXPRT, which can then on top of being staked earn you extra yield via the pools on the Persistence DEX. Note: I put a list of the current pools available below. Check out the APR% on these đ This is what makes Defi so attractive to investors. Putting your money to work 101. Instead of just staking your XPRT for 16%, you can put it in a pool and make upwards of 50% or more. Note: These values constantly fluctuate. Even if you don't want to partake in this, it's good practice and extremely good to know! This will be invaluable once your a multi-millionaire, unless you plan on keeping your funds in a criminal run BANK! đ€Ł
đ 11-Year-Old Happy Demonstrates Advanced Dormant Abilities – Seeing Without the Physical Eyes
Happy an 11 year old demonstrated in week 3 workshop activating dormant abilities that go far beyond ordinary vision. What he demonstrates here is not imagination or guesswork itâs real perception beyond the physical eyes.
By tapping into his soul awareness and expanding his consciousness, Happy is able to see what others canât, showing us the potential that lives within all of us when the inner senses are awakened.
đ This is more than a skill. Itâs a reminder of who we truly are & the abilities he have with practice.
Thank You Happy, You have inspired me and many others
Darius J Wright.
What just happened in Iran wasnât a surprise attack. It wasnât a last-minute decision. It wasnât even Israel acting alone.
It was a war plan written years ago â by men in suits, sitting in think tanks in Washington and New York. And yesterday, that plan was finally put into action.
Hereâs the truth they donât want you to know: this war was cooked up long before Trump ever became President â and it was designed to happen exactly this way.
Letâs start with what just happened.
Israel launched a massive, unexpected strike on Iran. They hit nuclear facilities. They killed military generals. They struck deep inside Iranian territory â and now the whole region is on edge, ready to explode into full-blown war.
The media is acting shocked. But Iâm not. You shouldnât be either.
Why?
Because we have the documents. They told us this was coming. Years ago.
Exhibit A: The Brookings Institution.
The Brooking Institution is a fancy name for whatâs basically a war-planning factory dressed up as a research centre. Back in 2009, Brookings published a report called Which Path to Persia?
It laid out exactly how to get the U.S. into a war with Iran â without looking like the bad guy.
Hereâs the sickest part:
âThe United States would encourage â and perhaps even assist â the Israelis in conducting the strikes⊠in the expectation that both international criticism and Iranian retaliation would be deflected away from the United States and onto Israel.â
Let that sink in.
They literally suggested using Israel to start the war, so America could stand back and say, âWasnât us!â
They even titled a chapter of this report: âLeave It to Bibiâ â naming Netanyahu as the guy to light the match.
Exhibit B: The Council on Foreign Relations (CFR).
The Council on Foreign Relations is an another Deep State operation. Also in 2009, CFR published a âcontingency memoâ that laid out the whole military plan for an Israeli strike on Iran â step by step.
What routes the jets would fly (over Jordan and Iraq).
What bombs theyâd use (the biggest bunker-busters in the U.S. arsenal).
Which Iranian sites to hit (Natanz, Arak, Esfahan).
And how Iran might respond (missiles, drones, threats to U.S. bases).
Itâs like they had a time machine. Because those exact strikes just happened following the routes, likely using the bombs and hitting the sites that the CFR outlined.
Exhibit C: The Plot to Attack Iran by Dan Kovalik.
This one really blows the lid off.
US human rights lawyer and journalist Dan Kovalik, in his book The Plot to Attack Iran: How the CIA and the Deep State Have Conspired to Vilify Iran, shows how the CIA and Israelâs Mossad have been working together for decades â not just watching Iran, but actively sabotaging it. Killing scientists. Running cyberattacks. Feeding lies to the media to make Iran look like itâs always âsix months awayâ from building a nuke.
He even reveals how they discussed false flag attacks â faking an Iranian strike to justify going to war. Thatâs not a conspiracy theory. Thatâs documented strategy.
And hereâs where President Trump comes in.
Unlike the warmongers who wrote these plans, Trump wasnât looking to bomb Iran. He wanted to talk. Negotiate. Make a deal â like he did with North Korea.
In fact, peace talks with Iran were just days away.
But someone didnât want peace. Someone wanted war.
So Israel went in â just like the Brookings script said â and lit the fuse.
Trump didnât authorise it. He didnât want it. But they gazumped him. They went around him. And now, the peace he was trying to build has been blown to bits.
This was never about Iran being a threat. It was about keeping the war machine fed.
Think tanks, defence contractors, foreign lobbies â they donât profit from peace. They thrive on tension. On fear. On war.
And now, thanks to them, the worldâs one step closer to the edge.
If youâve never trusted the mainstream media, youâre right not to.
If youâve ever suspected thereâs a shadowy agenda behind every war, youâre not paranoid.
Youâre paying attention.
Because the documents are real. The war was planned. And the bombs are falling â right on schedule.
Pray for Iranâs civilians.
Pray for the Israelis caught in the crossfire.
Pray for a President who still wants peace.
And pray that we wake up before itâs too late.
Because the war has started.
But the truth has just begun to spread.
Until next time, God bless you, your family and nation.
Take care,
George Christensen
Source:
George Christensen is a former Australian politician, a Christian, freedom lover, conservative, blogger, podcaster, journalist and theologian. He has been feted by the Epoch Times as a âchampion of human rightsâ and his writings have been praised by Infowarsâ Alex Jones as âexcellent and informativeâ.
George believes Nation First will be an essential part of the ongoing fight for freedom:
âThe time is now for every proud patriot to step to the fore and fight for our freedom, sovereignty and way of life. Information is a key tool in any battle and the Nation First newsletter will be a valuable tool in the battle for the future of the West.â
The Possible Impact Of USDC On The XRP Ledger And RLUSD
Key Points
It seems likely that USDC on the XRP Ledger (XRPL) boosts liquidity, benefiting XRP, though some see it as competition for RLUSD.
Research suggests both stablecoins can coexist, enhancing the XRPL ecosystem.
The evidence leans toward increased network activity being good for XRP, despite potential competition.
The recent launch of USDC on the XRP Ledger has sparked discussions about its impact on the ecosystem, particularly in relation to RLUSD, Ripple's own stablecoin. This response explores whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
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Impact on Liquidity and XRP
The introduction of USDC, a major stablecoin with a $61 billion market cap, likely increases liquidity on the XRPL by attracting more users, developers, and institutions. This boost can enhance DeFi applications and enterprise payments, potentially driving demand for XRP, the native token used for transaction fees. While some may view it as competition for RLUSD, the overall effect seems positive for the XRPL's growth.
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Competition vs. Coexistence with RLUSD
USDC and RLUSD cater to different needs: USDC appeals to those valuing regulatory compliance, while RLUSD, backed by Ripple, may attract users preferring ecosystem integration. Research suggests both can coexist, increasing options and fostering innovation, rather than purely competing.
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Detailed Analysis of USDC on XRPL and Its Implications
The integration of USDC on the XRP Ledger (XRPL), announced on June 12, 2025, by Circle, has significant implications for the ecosystem, particularly in relation to RLUSD, Ripple's stablecoin launched in 2024. This section provides a comprehensive analysis, exploring whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
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Understanding RLUSD and Its Role
RLUSD, Ripple's stablecoin, received approval from the New York Department of Financial Services (NYDFS) in 2024 and is designed to be fully backed by cash and cash equivalents, ensuring stability. It is available on both the Ethereum and XRP Ledger blockchains, aiming to enhance liquidity, reduce volatility, and serve cross-border payments. With a current market cap of $413 million, RLUSD is smaller than USDC's $61 billion but has regulatory credibility, particularly appealing to institutions.
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Impact of USDC on the XRPL
The launch of USDC on the XRPL is a significant development, given its status as the second-largest stablecoin by market cap.
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Key impacts include:
Liquidity Boost: USDC's integration can attract more users, developers, and institutions, increasing overall liquidity. This is crucial for DeFi applications, as Circle's announcement emphasizes its use in liquidity provisioning for token pairs and FX flows.
Increased Utility: USDC enhances the XRPL's utility for enterprise payments, financial infrastructure, and DeFi, potentially making it more attractive for global money movement and transparent settlements.
Regulatory and Institutional Appeal: As a regulated stablecoin issued by Circle, USDC can bring institutional users to the XRPL, aligning with Ripple's goals for regulated financial activities.
Network Growth: Supporting a widely recognized stablecoin like USDC on 22 blockchains, including the XRPL, increases the network's visibility and adoption, potentially driving more activity.
Competition vs. Complementarity with RLUSD
While USDC's launch could be seen as competition for RLUSD, the evidence suggests a more nuanced relationship:
Competition: Both are stablecoins on the XRPL, and USDC's larger market presence ($61 billion vs. RLUSD's $413 million) might attract users and developers away from RLUSD. However, competition can drive innovation, such as lower fees or better services, benefiting the ecosystem
Complementarity: Different stablecoins cater to different needs. USDC appeals to users valuing regulatory compliance and widespread adoption across multiple blockchains, while RLUSD, backed by Ripple, may attract those preferring ecosystem integration and regulatory approval from NYDFS. The XRPL can benefit from having multiple options, increasing liquidity and fostering a diverse ecosystem.
Coexistence Benefits: Research suggests that having multiple stablecoins enhances liquidity and provides users with more choices, potentially leading to higher network activity. For example, institutions might use USDC for global payments and RLUSD for specific XRPL-integrated applications, creating a symbiotic relationships.
Impact on XRP
The introduction of USDC, alongside RLUSD, is likely beneficial for XRP, the native token of the XRPL, for several reasons:
Increased Liquidity and Activity: Higher liquidity on the XRPL, driven by both stablecoins, can increase transaction volumes. XRP is used for transaction fees, with some fees burned, potentially reducing supply over time and increasing demand.
DeFi and Enterprise Use Cases: Both USDC and RLUSD enhance DeFi and enterprise applications, such as liquidity pools and cross-border payments, which can drive demand for XRP as a settlement token.
Network Growth: A more liquid and active XRPL is more attractive to developers and users, potentially leading to long-term growth for XRP, as increased utility can drive its value.
Expert analyses, such as those from u.today and ledgerinsights.com, suggest the launch is a "massive boost" for liquidity and adoption, with RLUSD also playing a significant role.
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Comparative Analysis: USDC vs. RLUSD
To further illustrate, consider the following table comparing key attributes:
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Given the evidence, it is more accurate to view the introduction of USDC on the XRPL as beneficial for liquidity, which is ultimately good for XRP, rather than solely as competition for RLUSD. The XRPL benefits from increased options, with both stablecoins enhancing liquidity, utility, and network growth. While some competition exists, the overall impact is positive, fostering a robust ecosystem that can drive demand for XRP. This conclusion aligns with expert analyses and community discussions, acknowledging the complexity of the stablecoin market within the XRPL.
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Welcome to the Dinarian on Locals, where we discuss everything blockchain and digital asset related. We are here to learn from one another as this is a new and ever evolving space. Please post and share what you like, but be respectful to others as they are here to learn as well.
Knowledge is power, using that knowledge can be extremely powerful,
The Dinarian