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Ripple News: RLUSD Hits $7.35B Trading Volume in 60 Days with Strong Institutional Demand

Ripple News: RLUSD Hits $7.35B Trading Volume in 60 Days with Strong Institutional Demand
Ripple's RLUSD stablecoin has made significant progress in the stablecoin market since its launch. In January, it recorded $7.35 billion in trading volume, surpassing its competitors. RLUSD has also expanded its reach on platforms like Revolut and Zero Hash. It has achieved a milestone with 120 million in circulation, increasing XRP liquidity and stability. RLUSD remains over-reserved by $7 million. It is attracting interest as a tool for on-chain collateralization and cross-border settlement. Financial institutions are exploring its potential for various applications. RLUSD has been listed on major exchanges, enhancing its accessibility and adoption. Ripple's XRP has also gained strength, with President Trump announcing XRP reserve, leading to a 35% increase in price.

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