Ripple USD’s Volume Soars 37%: What’s Driving This Explosive Growth?

Ripple’s RLUSD stablecoin is experiencing a major surge in trading activity, with its volume skyrocketing by 37.72% to $68.58 million over the past day, according to CoinMarketCap. This remarkable growth has propelled Ripple USD into one of the most traded stablecoins currently. Analysts attribute this rise to RLUSD’s recent listing on Gemini, a prominent U.S. cryptocurrency exchange. The added liquidity and wider market exposure provided by this listing is likely contributing to the surge in trading activity.