- Webus to create a $300M XRP treasury reserve.
- Plan aims to support global payment settlements.
- XRP price remained steady at $2.19 post-announcement.
Webus International Limited announced plans on May 29, 2025, to establish a $300 million XRP treasury reserve to facilitate global payments and borderless transactions.
Webus International’s strategy highlights trends in companies adopting XRP to bolster cross-border transaction capabilities.
Webus International Ltd., led by CEO Nan Zheng, plans a $300 million XRP reserve for global payments. The funding will be raised through non-equity means like bank loans and credit lines, without issuing new shares. The strategy is expected to lower transaction costs and increase transparency.
Webus’s stock (WETO) surged 88%, peaking at $4 after the announcement, then settling at $3.3. Despite the significant announcement, XRP’s price remained stable. These actions leverage the company’s renewed partnership with Tongcheng Travel Holdings Ltd.
Immediate market reactions include a notable stock surge for Webus, showing confidence in the strategic move. However, XRP’s price stability suggests market confidence or anticipation-awaiting implementation outcomes. The effects appear to include enhanced efficiency and potential cost reductions for travelers.
“These strategic developments have the potential to create a powerful synergy between our domestic and international operations.” — Nan Zheng, CEO, Webus International Limited
The financial landscape could change as companies follow Webus’s lead in adopting cryptocurrency for diverse applications. Earlier, VivoPower and Hyperscale Data began using XRP for transaction advancements. This trend reveals cryptocurrencies’ growing role in financial strategies and transaction improvements. Nan Zheng emphasizes XRP’s potential to improve payment infrastructure, reflecting broader industry shifts.
