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Ripple’s RLUSD Stablecoin Now Available Globally—Will XRP Follow Suit with New ATH?
Ripple Labs has taken a significant step forward by launching its RLUSD stablecoin on various global exchange platforms. As of today, this new digital currency is available for trading and can be used for instant global payments, seamless on/off ramps, and access to real-world assets. The launch comes after Ripple’s CTO, David Schwartz, warned users about the possibility of a price discrepancy during the initial stages.
The RLUSD stablecoin has been designed to leverage the scalability, speed, and low transaction costs offered by the XRP Ledger while also benefiting from Ethereum’s vast user base. However, it is essential to note that the information presented in this article does not constitute investment advice or recommendations within the context of the Securities Trading Act.
In light of the RLUSD launch announcement, the price of XRP has surged significantly, with a 6% daily increase and a whopping 126.5% gain over the past month. The cryptocurrency has now broken above its recent consolidation phase, making $2.71 as the new resistance level.
Source: www.crypto-news-flash.com
