Ripple's XRP token has surged 28% after the company announced a landmark partnership with HSBC to use XRP Ledger for cross-border payments across 40 countries.

The Deal

HSBC will integrate Ripple's On-Demand Liquidity solution to settle international transactions in seconds rather than days. The bank processes $1.5 trillion in cross-border payments annually.

Regulatory Clarity

The partnership comes after Ripple's decisive legal victory over the SEC in 2025, which classified XRP as a non-security and removed the regulatory cloud that had hung over the project for years.