🔥 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 exchanges like Yellow Card, VALR, and Chipper Cash are expanding RLUSD’s reach, especially in Africa. Ripple is also bridging the gap between crypto and traditional finance with pilots alongside Mastercard and WebBank.
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. 📈
