Ripple USD Surges to New Heights in Trading Volume, Surpassing PYUSD
Ripple USD Trading Surge: Ripple USD (RLUSD) has seen a 94.27% increase in trading volume, reaching $84.66 million, indicating a growing interest among traders and positioning it as a leading stablecoin in the market.
Comparison with PayPal USD: In contrast, PayPal's USD stablecoin (PYUSD) has only experienced an 18.53% increase in trading volume, suggesting that RLUSD is becoming the preferred choice among users.
Strategic Acquisition: Ripple's recent acquisition of Rail, a stablecoin payment infrastructure company, is expected to enhance RLUSD's adoption, particularly in cross-border payments, by integrating Rail's technology.
Remarkable Growth: Since its launch in December 2024, Ripple USD has rapidly climbed into the top five stablecoins by market capitalization, reaching $1.02 billion within a year, surpassing initial predictions by Ripple's CEO.
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