The U.S. Securities and Exchange Commission (SEC) has escalated its legal battle with Ripple by appealing a court decision that significantly reduced the fine from $2 billion to $125 million.

Ripple, a leading digital asset infrastructure provider, has announced its partners for the launch of the RLUSD stablecoin. Bitstamp, Uphold, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish will be collaborating on this initiative. Market makers B2C2 and Keyrock are also on board to support RLUSD’s liquidity.

Following the Bank for International Settlements' official announcement on August 9th, Ripple has been included in a task force targeting the enhancement and facilitation of cross-border payments. The core task is to fine-tune international payments by increasing the accessibility of payment systems and nurturing the links between them, encompassing API consolidation.

Roblox has firmly dismissed rumors circulating online about the integration of Ripple (XRP) as a new payment method on its gaming platform.

The founder of CryptoLaw, John Deaton, argues that certain crypto enthusiasts might be overly buoyant about how XRP's price would respond to the court's verdict in the SEC dispute. XRP has indeed grown by a whopping 85% this year, but Deaton asserts that a fresh peak price would likely coincide with Bitcoin's bull run. "Until Bitcoin breaks it’s ATH, I don’t expect anything else to," he shared.

Lawyer Bill Morgan, who has been closely following the lawsuit, commented, ‘The SEC’s prospects of success on appeal are very slim, and I feel generous today, so I am giving it a 3% chance of success on appeal.’