RLUSD launch delayed: What does this mean for XRP’s rally?

AMB Crypto 11 months ago 165

However, in an X (formerly Twitter) post, Ripple emphasized its commitment to a compliant launch and pledged to provide further updates as soon as possible.

Recently, Charles Hoskinson, founder of Cardano, also expressed his excitement for Ripple’s RLUSD ($1.00) stablecoin, fueling speculation that Cardano may eventually integrate the stablecoin into its ecosystem.

Hoskinson’s tweet came in response to news detailing RLUSD’s launch and could signal that Cardano is open to supporting RLUSD, which would be significant for its network.

Currently, Cardano’s blockchain has a modest $24 million in stablecoins, but the addition of RLUSD could help boost its stablecoin volume and overall adoption.

As Cardano continues to seek growth in DeFi, integrating RLUSD could potentially strengthen its stablecoin market position, helping it compete with dominant players like Tether and USD Coin.

Is XRP ($2.19)’s price surge connected to RLUSD?

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