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In the last 24 hours, the trading volume of the stablecoin sector has surged 80% to surpass $156.3 billion. Amidst this surge, a significant shift has been observed in the market as RLUSD, Ripple’s stablecoin, has taken over DAI, one of the major stablecoins on the market, with a whopping $175 million in trading volume within the same time frame.
This remarkable increase in RLUSD’s popularity is a testament to the growing demand for reliable and secure digital assets. As such, it comes as no surprise that Ripple’s initiative has gained significant traction in the market, leaving DAI behind.
It remains to be seen whether this trend will continue, but one thing is certain – the stablecoin sector has experienced an unprecedented 80% surge in trading volume within a span of just 24 hours.
Source: u.today
