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Ripple’s RLUSD Stablecoin Explodes With 106% Growth in Volumes: Details
In a remarkable turn of events, Ripple’s stablecoin, RLUSD, has seen an astonishing 106% growth in volumes. This sudden surge in trading activity is unprecedented and marks a significant milestone for the XRP Ledger and Ripple’s payment flows.
RLUSD, which went live on Bullish and Independent Reserve just yesterday, has already experienced an extraordinary increase in its trading volume. The news comes as a surprise to many within the cryptocurrency community, as stablecoins have traditionally been used primarily for trading purposes.
The Ripple stablecoin’s sudden growth is a testament to the growing demand for decentralized payments and settlements solutions. It highlights the potential of RLUSD to complement Ripple’s existing business and open new avenues for financial inclusion.
RLUSD is designed to be pegged one-to-one with the US Dollar (USDC), which ensures its value remains stable and reliable, making it an attractive option for merchants, banks, and other financial institutions seeking secure settlement solutions.
Source: u.today
