A prominent analytics firm says one digital asset category with a soaring market cap could fuel a potential market recovery. IntoTheBlock says on the social media platform X that the market cap of stablecoins has risen to a new all-time high. While the analytics firm notes that a growing stablecoin market cap is a sign […]
The post One Crypto Sector Shattering $220,000,000,000 Market Cap Could Spark Next Market Upswing, Says IntoTheBlock appeared first on The Daily Hodl.
Ripple CEO Brad Garlinghouse says the firm’s dollar-pegged crypto asset will become a top stablecoin by the end of the year after the U.S. Securities and Exchange Commission (SEC) dropped its lawsuit against the payments platform. In a new interview, Garlinghouse says that RLUSD – which launched in December 2024 – will grow into a […]
The post Ripple CEO Predicts New RLUSD Crypto To Be Top 5 Stablecoin by Year End Following SEC’s Dropped XRP Lawsuit appeared first on The Daily Hodl.
Ripple is doubling down on RLUSD’s growth, eyeing major exchange listings like Coinbase, leveraging regulatory approval, and betting on institutional demand to dominate the stablecoin market. Ripple Eyes More Exchange Listings for RLUSD: Is Coinbase in Sight? Ripple is intensifying efforts to expand its U.S. dollar-pegged stablecoin, RLUSD, aiming to secure listings on prominent exchanges […]
Ripple USD (RLUSD) has debuted on Bitstamp, offering global liquidity in key pairs and emphasizing stability, compliance, and utility for payments, tokenization, and decentralized finance. RLUSD Rolls Out on Bitstamp With Global Liquidity in Key Trading Pairs Ripple USD (RLUSD), an enterprise-grade stablecoin pegged to the U.S. dollar, has been introduced on crypto exchange Bitstamp, […]
XRP’s price action forms a classic bullish continuation structure, with a profit target of around $15.
XRP (XRP) price printed a bull flag on the daily chart, a technical chart pattern associated with strong upward momentum. Could this bullish setup and surging open interest signal the start of the second leg of XRP’s rally into the double-digit zone?
XRP price is up 15% over the last seven days after weeks of consolidation following the altcoin’s rally toward $3.00 in early December. The XRP/USD pair is up 1.5% to its intraday high of $2.44 on Jan. 6, according to data from Cointelegraph Markets Pro and TradingView.
XRP’s potential to rise higher is backed by increasing open interest (OI), which has increased significantly over the last 24 hours.
In a mere fortnight, Ripple’s RLUSD stablecoin has witnessed its supply on Ethereum expand by $4.4 million. Yet, with 768 addresses in possession of the token, over 70% of the stablecoin’s supply lingers in the Ripple Deployer wallet or contract address. Ripple’s RLUSD Hits $4.4M in New Supply on Ethereum—Who Controls the Tokens? In 2024, […]
Ripple’s XRP has managed to maintain its position above $2, despite an 8.2% dip against the U.S. dollar this week. Over the weekend, massive onchain XRP transactions caught attention, and the network’s stablecoin, RLUSD, reached a market valuation of $53 million. Whale Alerts Pop Recent weeks have seen XRP make substantial strides, fueled by speculation […]
RLUSD, a stablecoin by Ripple Labs, is pegged to the US dollar, ensuring a 1:1 value backed by cash or equivalents.
RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to offer a stable digital currency for use in transactions and trading.
As a stablecoin pegged to the US dollar, 1 RLUSD is worth $1. The 1:1 peg is maintained with backing for every RLUSD coin. These collateral assets are either US dollar deposits or cash equivalents.
Ripple chief technology officer David Schwartz says investors should not hope for gains on stablecoins as his firm prepares to launch its new dollar-pegged crypto asset. In a new post on social media platform X, Schwartz says Ripple USD (RLUSD) may experience supply shortages in the early days of its debut given the pre-market demand […]
The post Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz appeared first on The Daily Hodl.
Ripple’s RLUSD stablecoin launch sparks a warning against “FOMO,” as early supply shortages could cause temporary price spikes before stabilizing near $1. RLUSD Launch Warning: Why Ripple CTO Urges Caution Amid Initial Supply Issues Ripple’s chief technology officer, David Schwartz, has issued a measured warning about early price volatility for the company’s U.S. dollar-backed stablecoin, […]