RLUSD, Ripple's recently launched stablecoin, is seeing increased adoption with a trading volume exceeding $39 million in the last 24 hours. The majority of trading activity is concentrated on the Bullish exchange, particularly the RLUSD/USDC pair.
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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. RLUSD's trading volume has reached $39 million in the previous 24 hours, highlighting the growing traction of this stablecoin in the market.The bulk of the trading volume comes from the RLUSD/USDC pair on the Bullish exchange, which is about 55.02%, reflecting strong demand for RLUSD among users transacting between these two stablecoins. The BTC/RLUSD pair on Bullish contributed 23.15%, while the XRP/RLUSD pair contributed 12% to the overall trading volume. RLUSD, a stablecoin pegged one-to-one with the U.S. dollar, is issued natively on both XRP Ledger and Ethereum networks and may be utilized for a variety of applications and use cases, including cross-border payments and decentralized banking.Ripple USD (RLUSD) went live globally Dec. 17, initially on platforms such as Uphold, MoonPay, CoinMENA, Archax and Bitso, with further listings likely in the following weeks. On Dec. 24, RLUSD went live on Bullish, allowing eligible regions to be able to trade the following markets: RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD and SOL/RLUSD.The release of RLUSD marks a new chapter both for XRP Ledger as well as Ripple for use in its payments flows. Although stablecoins historically have been used for trading purposes, other use cases have emerged, and Ripple is particularly interested in having one to complement its existing busines
RLUSD Stablecoin Ripple Trading Volume Bullish Exchange
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