Earlier, the Ripple USD stablecoin (RLUSD) recorded a surge of up to 33% in trading volume. This suggests that investors and traders are significantly engaging with the two-month-old stablecoin.
Ripple Stablecoin RLUSD Statistics
Amid the broad fluctuations in the crypto market, at the time of this writing, the trading volume of RLUSD recorded a 33.24% increase.
According to CoinMarketCap data, the Ripple stablecoin now has a 24-hour trading volume of $266.57 million.
Per the growth rate, the crypto sector is seeing growing interest in and adopting RLUSD. This also proves the stability and growing utility of the stablecoin, among other factors.
In January, the New York Department of Financial Services (NYDFS)-regulated stablecoin saw several capital inflows from whales into RLUSD.
Data from the Ethereum network confirmed that tiny transactions are less common, while transfers worth over $100,000 keep getting more frequent. On January 7 and January 15, RLUSD moves of over
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