Ripple’s RLUSD Volume Soars 327%, Igniting Stablecoin Surge Despite Market Downturn

Despite a struggling cryptocurrency market, Ripple USD (RLUSD) has experienced a significant surge in trading volume of 327%. This growth was fueled largely by European demand as revealed by CoinMarketCap data. Specifically, the Bitstamp exchange played a major role in driving this spike, with RLUSD/EUR and RLUSD/USD pairs seeing significant increases.