• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

RLUSD Stablecoin Gaining Popularity in Europe Due to MiCA

user avatar

by Giorgi Kostiuk

3 months ago


Ripple’s RLUSD stablecoin is gaining popularity in the European crypto market, benefiting from launch during significant regulatory changes.

RLUSD's Position Amid USDT's Decline in Europe

RLUSD has processed 33,953 transactions on the XRP Ledger and 1,690 on Ethereum. The increase in transactions aligns with the delisting of Tether (USDT) in Europe due to MiCA non-compliance, positioning RLUSD as a potential leader in this space.

The Strategic Launch of RLUSD

The RLUSD stablecoin was launched mid-December following regulatory approval from NYDFS. It has been adopted by exchanges such as Uphold and Bitstamp. Ripple's CTO David Schwartz warned of potential price anomalies due to speculative actions.

Regulation and the Future of RLUSD

With MiCA regulations, RLUSD is positioned to strengthen its market position. Despite the regulatory shift, analysts believe RLUSD will continue to offer stability and growth through compliance with market demands.

Amid Europe's regulatory changes, RLUSD opens new opportunities in the stablecoin market. Its adaptation to MiCA positions it as a potentially significant player in the European market.

0

Share

Other news

Binance Coin Approaches All-Time High Amid Market Optimism

Binance Coin's (BNB) price nears a record high as optimistic market trends and Binance's initiatives drive significant trading activity.

user avatarGiorgi Kostiuk

7 minutes ago

Exploring New Trends in Meme Coins: BTFD Coin and Other Promising Projects

Overview of new meme coins like BTFD Coin, Goatseus Maximus, and MEW, their features and advantages.

user avatarGiorgi Kostiuk

19 minutes ago

Fans of Studio Ghibli Protest Against AI Art

Discussion of Studio Ghibli fans' criticism of AI Art and copyright issues amid new technologies.

user avatarGiorgi Kostiuk

20 minutes ago

Avalanche (AVAX) Increases Stablecoin Supply, While BinoFi Offers Promising Presale

Avalanche shows growth, but BinoFi presents unique investment opportunities in the crypto segment.

user avatarGiorgi Kostiuk

20 minutes ago

BlockDAG Raised $210.5 Million, Cardano and Dogecoin Prepare for Breakthrough

BlockDAG achieved $210.5 million in presale, while Cardano and Dogecoin continue their fight for sustainable growth.

user avatarGiorgi Kostiuk

27 minutes ago

BlockDAG Introduces Beta Testnet with Rewards: What’s Happening with Pi Coin and SUI

BlockDAG launches Beta Testnet with $60K prize pool, Pi Coin dips, and SUI recovers. An overview of current trends in the crypto market.

user avatarGiorgi Kostiuk

28 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.