On December 9th, XRP's market value stabilized at 149 billion US dollars. Ripple is going all out to enter the tokenization and DeFi markets, and is preparing to launch its stablecoin $RLUSD. The launch of Ripple's RLUSD stablecoin may reshape the stablecoin market. XRP Ledger is exploring tokenization and DeFi, with various tokens attracting attention. Liquidity challenges and limited DeFi adoption rates are still areas for potential growth.