Ah, dear reader, gather ’round as I unveil a tale most curious, concerning none other than the illustrious Reece Merrick, a name that echoes through the hallowed halls of Ripple’s empire in the desolate lands of the Middle East and Africa. Herein, he proclaims to the crypto enthusiasts-a motley crew indeed-that their beloved San Francisco behemoth is not merely treading water, but rather leaping joyfully into the arms of a UAE-based institution known as Zand.
Indeed! In this grand arrangement, the spotlight shall shine brightly upon the most peculiar of currencies, RLUSD, while simultaneously offering a warm embrace to Zand’s own creation-the AEDZ, or as I like to call it, the Zand AED. Truly, a romance for the ages!
Ripple and Zand: A Match Made in Blockchain Heaven
Let us pause for a moment, dear friends, to reflect on the profound significance of this union, first whispered to us last year. Merrick-bless his heart-reminded us that this partnership was not born of mere whimsy. Nay, it is a serious endeavor, a veritable waltz toward the expansion of their collaboration, with Ripple’s RLUSD taking center stage in this digital performance.
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One must ponder the implications of such a partnership. With promises to establish direct liquidity solutions for Zand’s own stablecoin, AEDZ, denominated, mind you, in the ever-volatile AED, one cannot help but chuckle at the absurdity of it all! Merrick assures us-oh how reassuring that is!-that Ripple and the esteemed bank shall support both RLUSD and AEDZ, with the latter gracing the XRP Ledger as if it were a celebrity at a gala.
Last year @Ripple agreed a payments partnership with UAE bank @Official_Zand
We’re now extending this partnership to explore a range of initiatives, from enabling support for Ripple’s RLUSD stablecoin within Zand’s regulated digital asset custody, to direct liquidity solutions…
– Reece Merrick (@reece_merrick) February 10, 2026
Ah, but what lighthearted banter emerges from Zand’s official X account, claiming that together, they shall “help advance and support the digital economy.” How noble! With innovative solutions-like a magician pulling rabbits from hats-based on AEDZ and RLUSD, they proclaim that the blockchain will unlock profound new possibilities as traditional finance gingerly tiptoes on-chain.
116.6 Million XRP: A Transfer of Epic Proportions!
Now, let us shift our gaze to a most astonishing spectacle observed by the ever-watchful Whale Alert, a tracker of large crypto transactions. A staggering sum-116,661,476 XRP, worth a staggering $165,955,281, was shuffled between two faceless wallets belonging to the titans of exchange, Binance and Kraken.
But wait! As we delve deeper into the heart of this transaction, it appears that these coins were merely moved between subwallets, a dance of numbers that could signify an OTC trade or a simple act of liquidity rebalancing. How delightfully mundane amidst the chaos of a 30% price collapse last week, followed by a languid trading sea!
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2026-02-10 13:29