RLUSD stablecoin will increase demand for XRP — Axelar co-founder
According to data from CoinMarketCap, XRP has a maximum supply of 100 billion tokens, with approximately 57 billion XRP circulating.
XRP (XRP) experienced a historic rally in November 2024 due to political tailwinds and new ecosystem developments. Georgios Vlachos, co-founder of the Axelar open-source interoperability platform, told Cointelegraph that the upcoming RLUSD stablecoin will likely boost demand for XRP in 2025.
Vlachos said that many people, including those in emerging economies, use stablecoins as a method of transaction and a store of value. RLUSD transactions and remittances will mostly settle on the XRP Ledger (XRPL) and the XRP-EVM sidechain, driving demand for XRP. Vlachos told Cointelegraph:
XRP climbed to a seven-year high of approximately $2.90 on Dec. 3, 2024, but pulled back to current price levels after the Relative Strength Index (RSI) hit 95, indicating the asset was overbought. Despite the pullback, several catalysts have sustained investor attention for XRP going into 2025.
Go to Source
Author: Vince Quill
