Major Exchange Lists Ripple USD Stablecoin in Significant Development for Cryptocurrency Market
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Ripple USD (RLUSD) Stablecoin Gets Listed on Major Exchange
The Ripple USD (RLUSD) stablecoin has been listed by Singapore-based exchange Independent Reserve, a significant development in the cryptocurrency market. This move comes as the digital asset continues to gain traction and attention from major trading platforms.
According to recent data provided by CoinGecko, RLUSD currently boasts a market capitalization of $72.8 million, placing it at number 691 on the list of largest cryptocurrencies by market capitalization. Over the past 24 hours, the token has generated a modest trading volume of $2.7 million.
The stablecoin’s recent surge in popularity can be attributed to Ripple’s efforts to expand its presence in the cryptocurrency space. In fact, over the past 24 hours alone, Ripple minted an additional 1.5 million RLUSD tokens.
This listing on Independent Reserve marks a major milestone for the stablecoin, as it gains further exposure to the broader market.
Source: u.today
