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Ripple USD Explodes 41% in Volume After Kraken Listing
In a shocking turn of events, the trading activity of RLUSD, Ripple’s new stablecoin, has seen a massive surge following its listing on popular cryptocurrency exchange Kraken. According to recent data, RLUSD volume has increased by an astonishing 41%, sending shockwaves throughout the market.
This sudden and unexpected boost in trade is likely attributed to the integration of RLUSD with Kraken’s platform. As one of the largest exchanges in the industry, Kraken’s support for RLUSD has undoubtedly opened up new avenues for investors and traders alike, resulting in this unprecedented spike in activity.
It’s worth noting that Ripple recently released one billion XRP, a move aimed at stabilizing the market for cryptocurrency. This event may have also contributed to the increased volume seen on RLUSD.
While it is still early days for Ripple USD, the recent surge in trade suggests that investors are increasingly interested in this relatively new player in the stablecoin space. As the market continues to evolve and adapt, it will be interesting to see how Ripple USD further develops its offerings and interacts with other players in the sector.
As we continue to monitor developments surrounding Ripple and RLUSD, one thing is clear: the listing on Kraken has been a game-changer for this new stablecoin.
Source: https://u.today/ripple-usd-explodes-41-in-volume-after-kraken-listing
