The Ripple USD (RLUSD) stablecoin has seen a significant 327% increase in trading volume, reaching $203.22 million. This surge in volume was mainly driven by the Bitstamp exchange and suggests that European users of RLUSD are behind the market surge. While Ripple recently halted stablecoin minting, the spike in trading volume indicates that users are still utilizing RLUSD for cross-border transactions. In comparison, other leading stablecoins like USDT and USDC have not experienced a similar increase in trading volume. This suggests that users are embracing Ripple's stablecoin. However, RLUSD still has a long way to go in terms of market capitalization, as it currently stands at $53.1 million compared to the much larger market caps of USDT ($142.23 billion) and USDC ($56.54 billion). Despite the positive sentiment surrounding RLUSD, the price of XRP has declined by 11.04% in the last 24 hours.



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