In the last 24 hours, the Ripple USD (Rlusd) transaction volume increased by more than 100 percent. This increase may have emerged by the effect of recent developments in the Ripple ecosystem.
Ripple USD (Rlusd)
According to CoinMarketcap data, Rlusd’s 24 -hour trading volume increased by 120 percent, while the stablecoin has reached a market value of approximately $ 300 million in a short time. Crypto Varlık, which was released last December, attracts the attention of investors with its increasing transaction volume.
Rlusd, an important building block at the construction of the Ripple ecosystem, is also a supportive product for long -term XRP Coin price performance.
Ripple news
The purchase of Ripple’s Prime Broker Hidden Road for $ 1.25 billion made a significant contribution to the increase in the process volume of stablecoin. The fact that the purchase process is in the monitoring process of regulatory institutions during the approval phase excites investors against the Ripple ecosystem.
Ripple Labs: “This move will strengthen the use of stablecoin at the institutional level by strengthening it as a collateral in financial transactions.”
In addition, Ripple’s integration with payment services made it possible to use the crypto asset in international money transfers. This development is stated to prepare the ground for a wider institutional acceptance of stablecoin.
Moreover, Kraken listed Rlusd and allowed investors to process this crypto presence. The fact that the Kraken exchange starts to support deposits and shooting transactions plays an important role in the daily trading volume of Stablecoin.
It is thought that these new developments may have positive effects on the XRP Ledger and investor funds may increase and enter the ecosystem.
The above -mentioned developments open the door to different usage areas in the digital asset market with the increasing volume of RLUSD. While regulatory processes and integration developments are closely monitored, it is estimated that potential opportunities may occur for Stablecoin investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
