Discover the surge in RLUSD trading volume and its potential to replace Tether as a stablecoin. Explore its role in digital asset transactions and its growing acceptance on various platforms.
The trading volume of Ripple’s stablecoin RLUSD has surged by 230% in the past 24 hours, reaching $37.75 million. Simultaneously, the market value of this stablecoin has increased to over $53 million. This remarkable growth comes as the EU is on the verge of implementing MiCA regulations. Concerns about Tether’s compliance with these regulations and the possibility of its removal from European exchanges have paved the way for RLUSD to emerge as a stable and compliant alternative. Moreover, RLUSD’s integration into the Ripple ecosystem and its use in services like instant liquidity have attracted users’ and institutions’ attention, making it a secure option for investors in volatile markets.
