Ripple USD Stablecoin Volume Surges Over 100%
- The Ripple USD (RLUSD) stablecoin’s trading volume increased by 120% in the last 24 hours.
- Ripple USD launched in December and has reached a market cap of nearly $300 million.
- The surge is linked to Ripple’s $1.25 billion acquisition of Hidden Road, pending regulatory approval.
- Integration into Ripple’s payment service contributed to the volume increase.
- Kraken recently listed RLUSD, enabling deposits and withdrawals.
The Ripple USD stablecoin experienced a 120% increase in trading volume over the past day, influenced by its integration into Ripple’s payment service and Kraken’s recent listing.
Source (2.6)https://coingape.com/heres-why-ripple-usd-rlusd-stablecoin-volume-spiked-over-100/?rand=24432
