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Ripple partners with Absa Bank to launch digital asset custody in Africa

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Daily Bits
Oct 16, 2025
3 min read

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Daily top performer — Plasma (XPL)



The S&P 500 rose 0.4% after a volatile session, lifted by strong bank and tech earnings despite US-China tensions and the ongoing shutdown. Gold rose to around $4,210, nearing a record high as Fed rate cut expectations and renewed US-China trade tensions boosted safe-haven demand. The Coindesk Indices, which tracks the broader crypto market, fell 2.90% with Bitcoin and Ether down 1.20% and 3.78%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is XPL, up 2.4% after Plasma partners with Trust Wallet to expand stablecoin access globally.

Plasma (XPL), launched on September 25, 2025, is a Layer 1 blockchain built for stablecoins, combining Bitcoin security with Ethereum flexibility. Plasma debuted with $2 billion in stablecoin liquidity from 100+ DeFi partners after raising $373 million in a public sale, making it the 8th largest blockchain by stablecoin liquidity. Plasma announced a partnership with Trust Wallet, integrating its stablecoin infrastructure into a wallet used by over 210 million users. The collaboration aims to make USD₮ on Plasma accessible globally, especially in emerging markets, positioning stablecoins as a key financial tool rather than just a fintech product.



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Talk of the town

Ripple has partnered with Absa Bank to provide digital asset custody services in South Africa, marking its first major custody collaboration in Africa. Absa will use Ripple’s institutional-grade infrastructure to securely store tokenized assets and cryptocurrencies. The move expands Ripple’s global custody network and reflects rising institutional demand for compliant digital asset solutions across emerging markets.



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Bitcoin spot ETF flows



Category

Flow (millions)

GBTC

(82.9)

Non-GBTC

(11.1)

Total

(94.0)



Yesterday, Bitcoin spot ETFs saw $94 million in total outflows, with $82.9 million from GBTC and $11.1 million from other funds.



Check out the latest prices, charts, and data of BTCUSDT perp and BTC/USDT spot contracts!



Airdrop to watch

Rhuna, a Web3 infrastructure project backed by Aptos and CoinMarketCap, has launched its portal offering free quests and daily check-ins for users to earn rewards. The platform enables seamless payments, ticketing, and event management using AI, stablecoins, and a universal wallet. Recently raising $2M in funding, Rhuna aims to onboard millions of users through its Aptos-based ecosystem.

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