Altcoins News
By Pankaj K
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RLUSD Shows Strong Usage Growth. Data from blockchain analytics firm Artemis shows that the increase in RLUSD supply happened at…
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UAE Approval Opens the Door for Expansion. The increase in RLUSD’s supply happened just days after a major development — the Dubai Financial…
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How RLUSD Works. Ripple mints RLUSD under a New York trust-company license.
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More Growth Ahead: Hidden Road Integration. RLUSD is also part of Ripple’s broader strategy, including its recent $1.
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Final Thoughts. Ripple’s RLUSD stablecoin is seeing strong momentum, both in terms of supply and transaction…
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Ripple’s stablecoin RLUSD has made major progress in recent days, crossing the $300 million mark in circulating supply for the first time.
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This milestone represents a 29% weekly jump and highlights the fast-growing interest in Ripple’s dollar-pegged token.
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Data from blockchain analytics firm Artemis shows that the increase in RLUSD supply happened at the same time as a major rise in user activity.
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This volume is close to RLUSD’s record-high transfer week from April, when users moved $741 million.
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Currently, RLUSD only represents about 0.1% of the total $236 billion stablecoin market. For comparison, Tether’s USDT rose to $157.
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However, Ripple’s RLUSD is growing quickly and may become more competitive, especially with recent regulatory wins.
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The increase in RLUSD’s supply happened just days after a major development — the Dubai Financial Services Authority (DFSA) officially approved RLUSD for use in the Dubai…
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This is a major step for Ripple, as the approval means that up to 7,000 financial firms based in the DIFC can now legally use RLUSD for settling transactions.
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Ripple plans to integrate RLUSD with its DFSA-licensed payments platform to serve growing demand in the region.
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Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, said there’s rising interest in digital asset payments and custody in the region.
The Currency Analytics
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