Ripple’s RLUSD Soars 45%, Attracting Investors Seeking Stability Amid Market Volatility

Ripple’s USD-backed stablecoin, RLUSD, has experienced a remarkable surge in trading volume, climbing by over 45% within the past 24 hours. This significant rise suggests a growing trend among cryptocurrency investors seeking stability amidst increased market volatility. Data shows daily trading volume for RLUSD surpassing $113 million despite its recent launch just five months ago. This robust growth highlights increasing confidence in RLUSD’s ability to provide a stable environment for transactions, while wider market fluctuations continue.