اوربا

How will RUSDL support the rise of XRP to $10?

Sources illustrate two important developments concerning the Ripple ecosystem, as its stablecoin Ripple USD ($RLUSD), backed by the dollar, has received official approval from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi. This approval allows the use of the token linked to the fiat currency within the Abu Dhabi Global Market (ADGM), an international financial center characterized by its stringent regulatory standards. In a separate context, the data highlights intense investment activity related to the original cryptocurrency, $XRP. Recently, exchange-traded fund clients have purchased large quantities valued at $21.81 million of XRP. As a result, the total assets of XRP held by exchange-traded funds have risen to over $676 million.

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