XRPL's stablecoin experiment is bleeding liquidity.
Ripple's $449M stablecoin mint on XRPL is basically burning through itself with a 99% burn rate. The liquidity imbalance favoring Ethereum is glaringly obvious. If XRPL can't retain this minting momentum, the stablecoin play might be a dud.
#XRPL #Ripple
Ripple's $449M stablecoin mint on XRPL is basically burning through itself with a 99% burn rate. The liquidity imbalance favoring Ethereum is glaringly obvious. If XRPL can't retain this minting momentum, the stablecoin play might be a dud.
#XRPL #Ripple