Ripple USD (RLUSD) Records New Highs, Surpasses 240M
The post Ripple USD (RLUSD) Records New Highs, Surpasses 240M appeared on BitcoinEthereumNews.com.
Ripple USD ($RLUSD) has emerged among the most popular stablecoins in a relatively short period of time. Since its launch 106 days ago, the number of RLUSD in circulation has grown above 240 million following a surge in adoption. Stablecoins should be trusted, compliance-first, and built for real-world finance—RLUSD is setting the standard. Now live in Ripple Payments, RLUSD powers enterprise payments, asset tokenization & DeFi: https://t.co/kWNmSlp3O3 📈 Nearing $250M market cap📶 $10B+ in trading… — Ripple (@Ripple) April 2, 2025 According to CoinMarketCap data, the circulating supply of RLUSD was over 243 million tokens by the end of March. The issue of 50 million RLUSD supported this for a single day, accelerating its network’s growth. This record-breaking mint fuelled the record surge of the stablecoin’s circulation. Ripple has also been strategic in its monetary policy, or rather, its decisions to issue more coins into the market by occasionally halting minting to balance the market. The growth of the RLUSD at an alarming rate makes it easy to note that it has taken its rightful place in the list of cryptocurrencies. Ripple has been incorporating RLUSD into its client cross-border payment service to help drive demand. Companies such as BKK Forex in Russia and iSend are currently using the stablecoin for treasury management. Ripple plans to advance the promotion of RLUSD among its corporate clients. This increasing trend justifies the fact that stablecoin has a lot of advantages: speed, stability, and regulation compliance. The stablecoin listing has expanded its presence in major exchanges such as Kraken, LMAX, and Bitstamp. These listings make RLUSD very liquid and easily accessible for both retail and institutional investors. Market performance and price movement Despite RLUSD’s success, its associated cryptocurrency, XRP, has experienced a recent dip in price. XRP was down 1.61% over the past…
Filed under: News - @ April 3, 2025 12:23 pm