Webus International Secures $100M Credit Line from Ripple Strategy to Boost XRP Reserves

On July 1st, Webus International Limited (WETO), a US-listed mobile transportation service provider, experienced a significant intraday surge, peaking at an 87.44% increase before settling at a 22.4% gain. The stock closed at $2.668 with a robust trading volume of $148 million, reflecting heightened market interest. This momentum follows Webus’ recent announcement of securing a $100 million credit facility from Ripple Strategy, aimed at bolstering its XRP reserves. The strategic credit line underscores Webus’ commitment to integrating blockchain technology and enhancing liquidity management via digital assets. Investors and market analysts are closely monitoring this development as it signals a growing institutional adoption of cryptocurrency-backed financial instruments within traditional sectors.