Ripple USD ($RLUSD) The stablecoin has made it into the top 50 cryptocurrency rankings for the first time since the beginning of this year. Stable coins include turned over The circulating supply of popular altcoins like Ethereum Classic (ETC) has exceeded $1.493 billion.
$RLUSD and expanded adoption
rear many failed attempts, $RLUSD The stablecoin is currently the 44th largest digital currency, ahead of NEAR, Aster, and Internet Computer.
entry of $RLUSD Joining the elite list following the ongoing onslaught in the cryptocurrency industry. Bitcoin price has fallen below the $70,000 support zone. peter brandt's prophecy. Ethereum fell 8.25% to $2,050, while XRP fell more than 27% over the past week to $1.36.
Through this spot selling and futures deleveraging, $RLUSD;However, it also creates some very unique developments. If the market recovers in the medium to long term, stablecoins may rapidly drop in ranking.
For now, $RLUSD The minting spree by Ripple Labs is helping to boost the overall outlook. Although stablecoins are one of the newest coins on the market, they have managed to pass important adoption and supply milestones.
grow up $RLUSD integration
Beyond increasing circulating supply, Ripple has plans to: $RLUSD It's like a stablecoin can power real-world activity.
Blockchain payments companies are fulfilling these plans with new integration announcements. $RLUSD Since the official release. In the latest U.Today report, Ripple released $RLUSD on binancesetting it up for more mainstream adoption.
Ripple Labs also $RLUSD At the heart of business. Most of our current partnerships and integration capabilities are $RLUSD as a major source of liquidity. The overall adoption of stablecoins is reflected in the 69% increase in on-chain transaction volume despite the current market decline.
