Ethereum

Ripple USD

Impact

Million

<p>The most awaited Ripple Labs stablecoin Ripple USD (RLUSD) is now live on global exchanges after a prolonged period of struggle and hurdles with legal agencies. The cryptocurrency industry sees the launch as a major development for Ripple’s native token, XRP, which was strongly influenced after yesterday's announcement.</p>   
<h2 class="wp-block-heading" id="h-features-of-ripple-usd-rlusd"><strong>Features of Ripple USD (RLUSD)</strong></h2>   
<p>According to the latest updates from Ripple on X (formerly Twitter), this is an enterprise-grade stablecoin built for everyone, combining fiat stability with blockchain efficiency, maintaining a constant value of one US dollar.</p>   
<p>The launch of RLUSD is issued on the XRP Ledger and Ethereum blockchain and is fully backed by a segregated reserve of cash and cash equivalents, redeemable 1:1 for US dollars.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/Ripple/status/1869011382852878592 
 </div>
</figure>   
<p>With RLUSD, users can access instant payments globally 24/7, seamless on/off ramps, and the ability to access value in real-world assets. The report also states that Ripple USD allows businesses to send funds worldwide, backed by stability, trust, and compliance.</p>   
<figure class="wp-block-image aligncenter size-large is-resized">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/12/17193948/image-112.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/17193948/image-112-1024x306.png" alt="" class="wp-image-394286" style="width: 100%;height:auto"></a>
 <figcaption class="wp-element-caption">
  Source: Ripple
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</figure>   
<h2 class="wp-block-heading" id="h-rlusd-s-impact-on-xrp"><strong>RLUSD’s Impact on XRP</strong></h2>   
<p>With this launch, Ripple’s <a href="https://coinpedia.org/news/ripple-whale-withdraws-2-2-billion-xrp-eyes-on-4-5/">XRP</a> soared significantly. It is currently trading near $2.67 and has experienced a price surge of over 13% in the past 24 hours. During the same period, its trading volume jumped by 165%, indicating heightened participation from investors and traders.</p>   
<h3 class="wp-block-heading" id="h-115-million-in-xrp-inflow-onto-the-exchanges"><strong>$115 Million in XRP Inflow Onto the Exchanges&nbsp;</strong></h3>   
<p>However, this price surge and the RLUSD launch have attracted significant investors and long-term holders, as reported by the on-chain analytics firm Coinglass.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/12/17193249/image-111.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/17193249/image-111-1024x285.png" alt="" class="wp-image-394279"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>   
<p>Data from XRP spot inflow/outflow revealed that exchanges have witnessed a significant $115 million worth of XRP inflow, which signals potential selling pressure. In the cryptocurrency context, "inflow" refers to the transfer of assets from wallets to exchanges, which potentially indicates a sell-off and suggests a possible price decline in the coming days.</p>

Ripple USD (RLUSD) Launches on Global Exchanges, XRP Price Drop Ahead?

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