Ripple’s RLUSD surges to $607 mln in trading volume – What’s next?

Quick Summary:

Despite rapid RLUSD adoption, Ripple’s XRP faces slight price fluctuations amidst broader market trends.

However, while some of these bids may be speculative, Schwartz assured the market that RLUSD tokens are redeemable at a $1 peg, and any deviations will stabilize as liquidity improves post-launch.

Although the reasons behind the rapid growth of RLUSD remain unclear, its current trajectory positions it as the third most traded stablecoin after Tether (USDT) and Circle’s USDC.

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Article Details

Author / Journalist: Ishika Kumari

Category: Crypto

Markets: United States

Topics: News News 1 Ripple Altcoin Trading View Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 02:00:08 (1 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 542 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 24909424

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

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Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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