Ripple's RLUSD Rise and Its Impact on the Crypto Market

user avatar

by Giorgi Kostiuk

2 years ago

Ripple continues to impress the crypto market with its innovations. With the release of the RLUSD stablecoin on the Ethereum platform and active market initiatives, the company has achieved significant success. This article explores Ripple's recent achievements and its market impact.

The Rise of Ripple's RLUSD

Ripple recently announced the issuance of 1.79 million RLUSD on the Ethereum blockchain. This move, along with the active transfer of 6.7 million RLUSD between anonymous wallets and key players like Bitstamp, demonstrates the project's steady growth.

Key Figures and Achievements

In the last 24 hours, the trading volume reached 607.9 million dollars. RLUSD secured a position in the top four most traded stablecoins. More than 1.5 million RLUSD were transferred by Bitstamp. Paul Barron tweeted: «Ripple Stablecoin $RLUSD has surpassed 600 million to become the 4th stablecoin in volume over 24 hours!».

RLUSD's Impact on the Crypto Market

Holding over 100 billion dollars in XRP, Ripple has a clear strategy. CEO Brad Garlinghouse emphasized that the company's actual valuation far exceeds the estimated 11 billion dollars. RLUSD's direct impact on the stablecoin market is evident, competing with giants like Tether (USDT) and USD Coin (USDC).

The introduction of RLUSD has become a significant strategic step for Ripple, enhancing its ecosystem. Ripple showcases confident growth and a determined path forward.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Binance Expands Collateral Options with Four New bStocks

Binance has recently added four bStocks tokenized securities as eligible collateral for its margin products, enhancing the integration of traditional equities and crypto assets.

user avatarFilippo Romano

Ethereum's Sepolia Testnet Undergoes Major Scaling Experiment

Ethereum developers are testing a 200 million block gas limit on the Sepolia testnet as part of the Glamsterdam upgrade.

user avatarEmily Carter

Moomoo Enhances US Crypto Trading with Crossover Markets Integration

Moomoo partners with Crossover Markets to enhance its US crypto trading platform by integrating the CROSSx electronic communication network.

user avatarLucas Weissmann

Digital Sovereignty Alliance's Paper Wins Recognition at DC Fintech Week 2026

The Digital Sovereignty Alliance's white paper on personal finance literacy in the digital economy has been recognized as one of the top five papers at DC Fintech Week 2026.

user avatarTomas Novak

Developer Releases 56 Billion TikTok Video Metadata on Hugging Face

A developer known as hashfunction has released a dataset containing metadata for about 56 billion public TikTok videos on Hugging Face.

user avatarMaya Lundqvist

Ongoing Legal Battles Over TikTok Data Scraping Practices

The legality of data scraping from TikTok is currently being challenged in court, with Reddit suing Perplexity and three data-scraping firms for allegedly harvesting content for AI training.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.