The Standard Reserve is proposing an experimental on-chain monetary system that adjusts token issuance based on net ETH flows in a planned ETH-STANDARD pool built on Uniswap v4. Under the design described in its white paper, positive net ETH flow would push the system into expansion mode, increasing issuance and directing 70% of epoch revenue toward reserves, while flat or negative flow would trigger contraction, slower issuance, and buybacks of STANDARD for burning. The protocol also assigns a central role to Charter NFTs, which function as internal licenses for participants called Bankers. Each Charter starts with one Branch and can scale to as many as 10, with Branch count determining a holder’s share of newly issued STANDARD. Expansion requires purchasing Expansion Licenses in daily Dutch auctions using STANDARD, and those tokens are burned. Exits work differently: Bankers must close Branches to withdraw accrued balances, pay a Resolution Fee tied to seven-day exit pressure, and give up future issuance rights linked to the closed Branches. As of Aug. 24, The Standard Reserve had published its website, app page, and white paper v0.1, but STANDARD and Charter NFTs had not gone live. The project has not yet disclosed a production contract address, a full audit report, or all key operating parameters.

Before testing potential price support levels, the Bitcoin sell-off has already distinguished between determined and forced sell-offs. Geoffrey Kendrick, Head of Global Digital Asset Research at Standard Chartered Bank, pointed out that Strategy (NASDAQ: MSTR) sold 32 Bitcoins at a time when Bitcoin (BTC) was already under pressure, intensifying the weakness in the cryptocurrency market this week and confirming the market's criticism of the corporate Bitcoin reserve model. Standard Chartered is not focused on this sell-off, but on the possible market reaction. Strategy sold 704 Bitcoins on December 22, 2022, for tax optimization, and bought another 810 Bitcoins two days later, setting a clear precedent for the bank to anticipate a new round of Bitcoin hoarding following this sell-off.

The expansion of Ripple's stablecoin is driving RLUSD across multiple blockchain ecosystems On June 4, Ripple announced on the X platform that its USD-pegged stablecoin Ripple USD (RLUSD) can now be used through Wormhole's native token transfer (NTT) feature to enable native cross-chain transfers between different blockchain ecosystems. This update strengthens RLUSD's position in cross-border payments, institutional deposit/withdrawal channels, and tokenization, while also providing developers and institutions with broader compliant USD liquidity access channels. The announcement expands the application scope of RLUSD in blockchain finance. Ripple stated that the stablecoin can be natively circulated through Wormhole's NTT framework, opening more avenues for payment flow, tokenization projects, and institutional liquidity management. This expansion will enhance RLUSD's practical value for organizations operating across multiple blockchain ecosystems. Ripple statement: