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Ripple’s RLUSD Records Major Changes in One Day: Details
In a shocking turn of events, Ripple’s RLUSD has recorded significant changes in just one day. This unprecedented shift is expected to have far-reaching consequences for the cryptocurrency market and blockchain payments scene.
According to Ripple executives, the launch of RLUSD marks the beginning of a new era for assets like XRP. With RLUSD serving as a liquidity layer for XRP, both assets will experience improved adoption on AMM protocols running on the XRP Ledger.
RLUSD’s emergence is anticipated to have a profound impact on blockchain payments. The stablecoin’s introduction aims to create a more conducive environment for Ripple to dominate the blockchain payments scene, an ambition that has been in the works for some time now.
Not only will RLUSD and XRP work together seamlessly, but their complementary nature is expected to enable them to compete with market giants like Tether (USDT) and Circle (USDC). This would represent a significant shift in the stablecoin landscape.
By incorporating RLUSD as a liquidity layer, Ripple’s goal of becoming the de facto standard for cross-border payments is becoming increasingly plausible.
Source: u.today
