Ripple's stablecoin RLUSD has gained traction among cryptocurrency traders since its launch and has seen its trading volume surpass that of the stablecoin DAI. RLUSD's trading volume has soared by 39.03% to $127.26 million, indicating increased interest from traders. This is significant as DAI is the third largest stablecoin issuer. Market observers predict that RLUSD could displace DAI if it maintains its momentum. RLUSD has maintained relative stability in its peg with the U.S. dollar, while DAI has experienced depegging in the past. RLUSD's surge in trading volume may be due to its expansion and listing on different exchanges, including Bitstamp. More listings on major exchanges are expected in the future, further increasing RLUSD's trading volume.
- Content Editor ( u.today )
- 2025-01-09
Ripple's RLUSD Beats DAI in 24-Hour Trading Volume