RLUSD stablecoin sees 102% volume spike as market volatility impacts liquidity.
- Ripple’s RLUSD stablecoin volume surged 102%, boosting its market position.
- Ripple aims for RLUSD to be a top five stablecoin.
- Increased volumes linked to major market volatility and liquidity dynamics.
RLUSD Achieves $10 Billion Volume Milestone
Ripple has integrated RLUSD into Ripple Payments, increasing its listing on exchanges such as Kraken. Brad Garlinghouse confirmed the stablecoin’s ambitious growth plans. RLUSD’s volume reached $10 billion globally.
Team expects RLUSD to be among the top five stablecoins by year-end. Acquisition of Hidden Road enhances RLUSD’s utility in brokerage products, strengthening its role in the financial ecosystem.
Liquidity Doubling Observed on Major Platforms
RLUSD’s volume spike doubled liquidity flows on major platforms, affecting related assets. XRP, Ethereum markets have seen increased activity due to rapid stablecoin trading cycles.
Continued adoption positions RLUSD as a strong competitor against USDT and USDC. Regulatory scrutiny on stablecoins may increase with RLUSD’s growth. Brad Garlinghouse, CEO of Ripple, said, “RLUSD would be one of the top five stablecoins by the end of the year.”
RLUSD’s Growth Mirrors Previous Crypto Surges
Volume surges reminiscent of USDC and USDT booms post-listings, as seen in past cycles. Ripple’s strategic moves suggest persistent growth and wider DeFi relevance.
Stablecoin growth has previously signalled wider institutional use, with similar cases boosting related assets in the past. Experts suggest RLUSD’s trajectory could yield comparable results.
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