🔥 Ripple’s RLUSD: Stablecoin Season is HERE! 🚀
Ripple is celebrating a massive win with its RLUSD stablecoin, hitting over $1INCH billion in market cap in just over a year! 🤯 This puts it among the giants – $USDT, $USDC, and $PYUSD – as a leading USD-backed stablecoin.
Strategic partnerships with African fintechs like Yellow Card, VALR, and Chipper Cash are boosting RLUSD’s real-world utility, alongside pilots with Mastercard and WebBank for seamless fiat settlement on the XRP Ledger.
However, it hasn’t been all sunshine for $XRP. Despite a brief bull trap in July, the token has faced a bearish trend, currently down 11% year-to-date. Momentum has faded, but RLUSD’s success signals a strong shift in Ripple’s strategy. 📈
