Ripple is not pausing for breath. The company has brought its dollar-pegged stablecoin, $RLUSD, to Türkiye, and it has done so through three local exchange partners that Turkish crypto traders already know and trust: BiLira, Bitexen, and Bitlo. For a stablecoin that did not exist twelve months ago, crossing $1.7 billion in market capitalization while planting flags in new markets is the kind of run that gets people’s attention. Türkiye Was Always an Obvious Target Türkiye runs a $1.3 trillion economy. Its citizens trade nearly $200 billion worth of crypto every single year. That is not a fringe market dabbling
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This year, the stablecoin economy notched a record peak of $311.837 billion roughly 27 days ago, only to cool to $300.722 billion by Feb. 1. Over the last two weeks, however, the sector added $7.251 billion back to its tab, with most of that expansion unfolding within the past seven days. $307B and Climbing Between […]
]]>Ripple’s latest stablecoin, RLUSD, is quickly making a name for itself in the cryptocurrency world. This new, up-and-coming stablecoin has already mustered a circulating supply of $160 million and an increase in Ethereum mainnet addresses that are holding the token. With this new development in Ripple’s corporate strategy, RLUSD is taking a crucial step toward the digital payment revolution Ripple has long promised. Increasing levels of trust and adoption in institutional use of stablecoins have made Ripple’s game plan for RLUSD all the more significant. Payments, trading, and liquidity management through the use of RLUSD could make it a serious
The post Ripple’s RLUSD Stablecoin Gains Momentum, Set to Become a Key Player in the Stablecoin Market appeared first on The Merkle News.
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Ripple is doubling down on RLUSD’s growth, eyeing major exchange listings like Coinbase, leveraging regulatory approval, and betting on institutional demand to dominate the stablecoin market. Ripple Eyes More Exchange Listings for RLUSD: Is Coinbase in Sight? Ripple is intensifying efforts to expand its U.S. dollar-pegged stablecoin, RLUSD, aiming to secure listings on prominent exchanges […]
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Ripple USD (RLUSD) has debuted on Bitstamp, offering global liquidity in key pairs and emphasizing stability, compliance, and utility for payments, tokenization, and decentralized finance. RLUSD Rolls Out on Bitstamp With Global Liquidity in Key Trading Pairs Ripple USD (RLUSD), an enterprise-grade stablecoin pegged to the U.S. dollar, has been introduced on crypto exchange Bitstamp, […]
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Ripple’s RLUSD stablecoin gets a boost as Chainlink’s price feeds enable secure, real-time DeFi transactions on Ethereum and the XRP Ledger.
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XRP’s price action forms a classic bullish continuation structure, with a profit target of around $15.
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In a mere fortnight, Ripple’s RLUSD stablecoin has witnessed its supply on Ethereum expand by $4.4 million. Yet, with 768 addresses in possession of the token, over 70% of the stablecoin’s supply lingers in the Ripple Deployer wallet or contract address. Ripple’s RLUSD Hits $4.4M in New Supply on Ethereum—Who Controls the Tokens? In 2024, […]
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Ripple’s XRP has managed to maintain its position above $2, despite an 8.2% dip against the U.S. dollar this week. Over the weekend, massive onchain XRP transactions caught attention, and the network’s stablecoin, RLUSD, reached a market valuation of $53 million. Whale Alerts Pop Recent weeks have seen XRP make substantial strides, fueled by speculation […]
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RLUSD, a stablecoin by Ripple Labs, is pegged to the US dollar, ensuring a 1:1 value backed by cash or equivalents.
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