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

Movantis Integrates Stellar for Enhanced Cross-Border Payments

Movantis and the Stellar Development Foundation announced on October 29 that Stellar will become a settlement option in Movantis' multirail payment network, focusing initially on USDC settlements for transfers from the US to El Salvador.

user avatarEmily Carter

Pontoro and Archax Introduce Automated Liquidity Pool on Stellar

Pontoro and Archax have launched an Automated Liquidity Pool on the Stellar network during Meridian 2026, combining liquid money market assets with private market fund exposure.

user avatarTomas Novak

Chainlink Launches 24/7 Pricing Service for Onchain Assets

Chainlink has launched a new service that provides a continuous price series for assets, solving the issue of unreliable pricing during off-hours for onchain applications.

user avatarMaya Lundqvist

Securitize Announces Integration with Stellar Network

Securitize announced plans to integrate the Stellar network into its infrastructure for institutional asset managers, enhancing the management of tokenized financial assets.

user avatarKaterina Papadopoulou

Lagarde's Criticism of Bitcoin and Its Implications

Christine Lagarde has been a vocal critic of Bitcoin, emphasizing the need for secure and liquid central bank reserves.

user avatarLeo van der Veen

ECB Advances Digital Finance Initiatives Under Lagarde

Under Christine Lagarde's leadership, the European Central Bank has made notable strides in digital finance, including work on a digital euro and the introduction of Pontes for tokenized asset transactions.

user avatarAisha Farooq

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.