XRP3.37%-> felt a significant impact through a decline in RLUSD stablecoin transactions. RLUSD’s adjusted transaction volume fell 60% to $2.8 billion over the past 30 days. Active addresses also decreased by 28%, while circulating supply increased by 23% to $1.3 billion.

Although the largest adoption of RLUSD occurred on Ethereum rather than on the XRP Ledger, this drop in activity weakens demand for XRP as a bridge asset. Analysts suggest that users may simply be switching between chains, indicating market adaptation to changing conditions.$XRP

XRP

2.0193

-0.58%

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