Skip to content
Menu
  • Home
  • English
    • English
    • Español
    • Italiano
    • Svenska
    • Deutsch
    • العربية
  • News
  • Exchange / Wallet
  • Brokers
Menu
Ripple’s Native Stablecoin RLUSD to Boost XRP Activity, Will It See Altcoin Scale Higher?

Ripple’s Native Stablecoin RLUSD to Boost XRP Activity, Will It See Altcoin Scale Higher?

Posted on December 18, 2024

Ripple Labs unveils stablecoin RLUSD as the crypto community considers it to bolster XRP activity. 

With the momentum flooding the crypto industry following Donald Trump’s re-election in November, XRP has staged a great rebound to overcome the tough multi-year suppression. Notably, XRP surged 300%, pushing the altcoin to a new peak. 

The XRP army considers that the altcoin has yet to cool off, as unveiling the native stablecoin RLUSD on the XRPL would propel it further. 

Will XRP Fly Higher?

Despite Bitcoin capturing investors’ attention as it pushes its all-time high towards $110K, XRP is poised to finish off 2024 strongly. Such is marked by a surge in activity as witnessed on Xaman, the most utilized wallet on the XRP Ledger ecosystem. It coincides with XRP witnessing record levels of open interest for XRP this month.

Additionally, the XRP is leveraging regulatory progression, particularly with the revelation of Gary Gensler’s exit from the US Securities and Exchange Commission. Following the news of the SEC chair exit, Ripple chief Brad Garlinghouse announced that Ripple secured the approval of RLUSD stablecoin by the New York Department of Financial Services (NYDFS). 

The XRP is riding on the hype of the on-chain stablecoin that became available on Dec. 17  across several crypto exchanges, including Uphold, Archax, CoinMENA, Bitso, and MoonPay. It leaves XRP to enjoy rejuvenation after enduring the long winter as it battled legal action by the SEC. 

The coin appears to celebrate in style the speculation of SEC under the Donald Trump administration dropping the multi-year-long case against Ripple. 

A reflection of 12-month performance shows XRP is up 317.9%, with the win likely rolling in as the native stablecoin RLUSD became a reality on Tuesday. With the RLUSD debut, the market participants anticipate it will bolster the blockchain’s on-chain activity. 

Traders and DeFi Community Flock to XRP

The XRP has witnessed heightened interest as traders and DeFi users embrace the blockchain. Xaman, the self-custodial wallet for XRP Ledger, has witnessed a 250% uptrend in activity in consecutive months and hit 212,000 active usage last week. For context, Xaman only witnessed 80,000 active weekly users this time in 2023. 

Besides DeFi users fueling the project, traders acknowledge XRP momentum as it experiences records of open interest. The greater levels of open interest signal more inflows flooding into the XRP positions. 

RLUSD Debut A Boost to Tokenisation Trend

Ripple’s team clarified that RLUSD will maintain its peg to the dollar by fully backing it with cash reserves. As it went live on XRP Ledger and Ethereum, the RLUSD transactions will involve XRP for gas fees, thereby accelerating the altcoin demand. 

The Ripple team added that US dollar deposits will back the token alongside cash equivalents and government bonds. The composite nature is designed to guarantee liquidity, reliability and stability of RLUSD.

Axelar’s Georgia Vlachos acknowledges that RLUSD will bolster the demand for XRP, thus fueling its prices higher. The executive pointed out that individuals hailing from emerging economies regions consider stablecoins as a medium of exchange and a means to store value.  

Ripple CEO hailed the RLUSD debut as harboring bullish potential amid the evolving legislative environment. He added that the US shift towards clearer regulations will boost the adoption of stablecoins. 

Garlinghouse believes that RLUSD stablecoin will provide real utility as it leverages years of trust in Ripple and exceptional expertise in the crypto industry.

Meanwhile, a recent publication by Citi Wealth hailed the input of stablecoins. The authors consider stablecoins to enhance the accessibility of US dollars globally. With most stablecoins pegged to the dollar, the tokens reinforce the longstanding of the US currency.

Besides the debut of RLUSD, the latest development involves the USDC issuer Circle partnering with the world’s largest crypto exchange, Binance. The latter will guarantee USDC expansion and seamless usage for trading, saving, and payments. 

Recent Posts

  • PrimeInvests.cc Review – Is PrimeInvests Scam or a Trusted Broker?
  • Elon Musk Weighs In on Dogecoin’s Alleged Federal Use—Truth or Hype?
  • UK’s Crypto Regulation Shake-up: Stricter Oversight or New Opportunities by 2026?
  • Tether Hits 400M Users: CEO Hints Major Stablecoin Expansion
  • Legendary Trader Peter Brandt Validates $70K Bitcoin Target — Is The Market Ready?
  • US DOJ Uncovers and Seizes $200,000 in Crypto Tied to Hamas Funding
  • Growing Financial Crime Risks in 2025: Concerns Mount Among Singapore’s Business Leaders 
  • Will the US Secure Its Lead in Tokenized Assets? Sergey Nazarov Sounds the Alarm
  • BIW Management Review – Is BIW-Management Scam or a Trusted Broker?
  • MS Limited Review – Is MS-Limited Scam or a Trusted Broker?
  • Quantum Markets Review – Is QuantumMarkets Scam or a Trusted Broker?
  • Fidelis Reservo Review – Is FidelisReservo Scam or a Trusted Broker?
  • ZenithX24 Review – Is Zenith24 Scam or a Trusted Broker?
  • Global Finance Limited Review – Is GlobalFinanceLimited Scam or a Trusted Broker?
  • CanaBit.AI Review – Is CanaBit AI Scam or a Trusted Broker?
  • Isa Limited Review – Is Isa-limited.art Scam or a Trusted Broker?
  • Lost Millions Resurface: Feds Recover $31M from 2021 Uranium Finance Hack
  • PS Wealth Review – Is Pswealth.co Scam or a Trusted Broker?
  • NYSE Pursues SEC Approval for Staking in Grayscale Ethereum ETFs
  • SEC Drops Robinhood Crypto Investigation—What Does This Mean for Traders?
  • Goldman Sachs Scales Crypto ETF Holdings Amid XRP Prospects 
  • Trust-Fund Review – Is Trust-fund.art Scam or a Trusted Broker?
  • SEC Backs Down—Is This a Turning Point for Coinbase?
  • Franklin Templeton Unveils Europe’s First Government Money Fund on Blockchain
  • FBI Operation Saves Crypto Fraud Victims from $285Million Loss

Archives

  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • September 2024
  • May 2024
  • December 2023
  • June 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • April 2022
  • October 2021
  • August 2021
  • June 2021
  • May 2021
  • December 2020
©2025 Crypto Broker Reviews | Design: Newspaperly WordPress Theme