Ripple Labs issued $100 million this week from RLUSD. This is the highest level since Stablecoin was released on December 17th, 2024.
The biggest release of RLUSD Matched with establishment to exchange payments for Kraken and RippleRipple’s official payment platform.
Additionally, Cross -border Payments Suppliers BKK Forex and Isend have confirmed that they are using this Stablecoin for their operations as it reflects an increase in demand for Ripple’s financial products.
Since its launch, RLUSD has exceeded $100 million in operation, The market capitalization went from 50 million to $293 million.represents an increase of 486%.
Despite these milestones, RLUSD has yet to change the dynamics of the market dominated by USDT (Tether) and USDC (Circle) with market capitalizations exceeding $113,000 million and $60,000 million respectively.
Market capitalization is an important indicator of the size and importance of an asset, in addition to serving as a reference for assessing its adoption and presence in the market.
At the time of this publication There are 11 cryptocurrencies that are most valuable than RLUSD. This gap reflects a far cry from positioning yourself as a weight competitor.
As Cryptootics reports, The main challenge for RLUSD is his limited availability on the exchangebecause most of the platforms they are listed are largely unknown to those who have been in this universe for years.
Currently available at Uphold, MoonPay, B2C2, Keyrock, Coinmena, Archax, Bitso, JST Digital, Independent Reserve, Bullish, Bitcoin Market (MB), Zero Hash, Revolution, and Bitstamp.
RLUSD has just joined Kraken, one of the most recognized exchanges on the market, but Ripple Labs will need to place it on a larger range of platforms, such as Binance and Coinbase, to enhance mass adoption as a payment instrument.
However, this is not a guarantee of success, and it is necessary to make it clear that some stable currencies are listed on these platforms and that they have not driven away USDT or become a weight competitor.
If things don’t change, Stablecoin can follow other unmet promised courses, such as the idea that XRP will revolutionize banks and compete with Swift.
Stablecoin works with Ethereum and XRP Ledger networks and is key to the latter ripple ecosystem.
If RLUSD manages to integrate, it will increase the amount of operation in the XRP ledger. This will increase demand for XRPits native currency, for payment of fees. As a result, cryptocurrency prices experience bullish impulses.
It may also be that its use is concentrated in Ethereum, where there is a larger infrastructure and adoption, and therefore XRP ledgers are largely overlooked by the market.
XRP prices are down
In this regard, it is important to mention the price of XRP (ripple-unstable cryptocurrency) and the remaining cryptocurrency market prices. Suffering from the outcome of the “customs war” Freed by President of the United States, Donald Trump.
As reported by Cryptonotics, the President announced a regime of mutual tariffs on imports from countries that charge taxes on US products within the framework of the “Day of Liberation”; The news sparked a bearish urge in the market.
XRP prices have risen by more than 15% each week. Ripple’s cryptocurrency price is $1.97, 40% below its history’s largest (ATH) of $3.39.
After losing $2 in historical support, XRP is struggling to surpass $1.90. Otherwise, the price could drop to a level not seen since November 2024, when Trump was imposed in the US election.
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