Ripple XRP Surpasses Tether (USDT), Eyes $8 Following RLUSD Stablecoin Launch

Quick Summary:

Meanwhile, this sudden rise follows the global launch of Ripple’s new stablecoin, RLUSD.

As a result, XRP’s market cap now stands at $147 billion, surpassing USDT’s market cap of $140.5 billion.

RLUSD is pegged 1:1 to the U.S.dollar and is designed to improve liquidity and trust in institutional payments.

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United States

Topics: Market Billion Ripple’s Bitcoin Rlusd Rise Investors Crypto Stablecoin Ripple Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 12:33:07 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 356 words

Reading Time: 2 minutes read

Sentences: 28 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 24536670

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