Ripple’s XRP Gains Momentum as RLUSD Reaches Newer Markets

Krutika Adani

XRP Approaches $2.5

After a solid resilience to market corrections, XRP’s price has grown close to $2.44 and could breach $2.5 by this weekend.

RLUSD Gains Entry in Singapore

RLUSD was recently listed for trading at Singapore’s Independent Reserve.

RLUSD MarketCap Swells to $72 Million

As per Coingecko RLUSD now commands a $72 million market share.

Will XRP Dominate RWA Markets via RLUSD?

RLUSD was introduced in the markets to target the USD based RWA money market funds with RLUSD acting as a settlement mechanism for them.

Critical Roadblocks Ahead For RLUSD

However, uneven stablecoin regulations worldwide pose a significant threat to new market entrants like RLUSD.

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