news 
Ripple Adds RLUSD to Payment Options as Volume Dips 37.55%
According to recent data provided by CoinMarketCap, the trading volume of RLUSD has experienced a significant decline of 37.55% over the past day, standing at around $22.51 million as of press time.
Despite this unexpected downturn in trading activity, Ripple has announced that it will be incorporating RLUSD into its payment options. The move is aimed at further increasing accessibility and adoption across various markets.
RLUSD had previously experienced a massive surge in trading volume earlier this month, with a 87% increase in one day alone. This sudden rise was largely attributed to the stablecoin’s multiple use cases, including its potential as collateral for both crypto and traditional financial institutions.
The decline in RLUSD’s trading volume is expected to be temporary, as many users are believed to be acquiring the asset for long-term holding purposes. With Ripple’s recent decision to integrate RLUSD into its payment options, it appears that the company remains committed to supporting the growth and development of the stablecoin.
RLUSD is a decentralized stablecoin pegged to the US dollar and has gained significant traction since its emergence due to its versatility in various financial markets.
Source: https://u.today/ripple-adds-rlusd-to-payment-options-as-volume-dips-3755
