Webus International Goes All-In on XRP: China's AI Mobility Giant Files for Dedicated Treasury

Hold onto your hats, crypto fans! Webus International, the China-based AI-powered mobility powerhouse, just dropped a bombshell with their latest filing to the SEC. These guys are going all-in on XRP, and they're not messing around!

On June 3, XRP lawyer Bill Morgan spilled the beans on a hot-off-the-press form 6-K filing from Webus. The filing lays out their master plan to launch a dedicated XRP treasury that'll blow your mind. This comes hot on the heels of their May 29 announcement, where they revealed a jaw-dropping $300 million non-equity financing initiative to build a strategic XRP reserve. And get this - it's all aimed at supercharging their cross-border payments infrastructure!

But wait, there's more! Webus signed a Delegated Digital-Asset Management Agreement with a top-notch manager just the day before filing with the SEC. They're setting up a strategic framework for potential future digital asset treasury operations, and you better believe it's all about XRP, baby!

Nan Zheng, the big boss at Webus, is stoked about the potential of an XRP reserve. He says it'll smash through traditional payment limitations and pave the way for easier, more efficient payment systems. To make this happen, they've teamed up with SEC-registered asset manager Samara Alpha, who'll help them build that killer strategic framework for their digital asset treasury operations.

Webus International's latest moves are adding fuel to the fire of growing institutional interest in XRP. It's building on the positive momentum in the Ripple ecosystem and recent milestones that are making waves in the crypto world.

Ripple Flexes Its Muscles with Dubai Stablecoin Approval

But that's not all, folks! Ripple is flexing its muscles in Dubai, where the Financial Services Authority just gave the green light to their RLUSD stablecoin. This baby is now approved for use within the Dubai International Financial Centre, and it's ready to be integrated into DFSA-licensed payment platforms. Ripple's regional expansion is on fire!

And check this out - Nasdaq-listed energy firm VivoPower International isn't sitting on the sidelines. They just announced a mind-blowing $121 million private placement to fund their own XRP treasury. The interest in the Ripple token is spreading like wildfire across the globe!

But hold up, don't get too excited just yet. Despite all this institutional activity, XRP's price action is still pretty flat. At press time, it's trading at $2.25 with a measly 1.4% gain over the past 24 hours. But with all this buzz around XRP, you know it's only a matter of time before things start heating up!