Ripple’s President, Monica Long, announced that the RLUSD ($1.00) stablecoin is poised to make its mark on major exchanges. Currently traded on only a few platforms, RLUSD is expected to expand its presence in conjunction with Ripple’s growing digital payment solutions.
Current Status of RLUSD
RLUSD, a relatively new stablecoin operating on the XRP ($2.24) Ledger and Ethereum 
$3,315, has recently entered the market. Its market capitalization stands at approximately $53 million, complemented by a 24-hour trading volume of $138.9 million.
Long anticipates that the overall growth of the cryptocurrency market will accelerate the adoption of RLUSD and other stablecoins. Emphasizing a robust growth trend in Ripple’s payment solutions, she noted that payment operations are expected to double in 2024.
Expectations for XRP ETFs
Long ...
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