XRPL Stablecoin Surge: Real Demand or Just Corporate Minting?
XRPL’s stablecoin supply jumped 8% this week, putting it just $50M away from overtaking Avalanche.
However, analysts note this growth is largely driven by Ripple’s RLUSD minting rather than organic retail demand. Since users only need small amounts of XRP for fees, the capital influx hasn't sparked major XRP price action.
Is this milestone a game-changer, or just a vanity metric? Let us know below! 👇
#XRP #XRPLedger #Crypto #Stablecoins #RLUSD
$XRP
XRPL’s stablecoin supply jumped 8% this week, putting it just $50M away from overtaking Avalanche.
However, analysts note this growth is largely driven by Ripple’s RLUSD minting rather than organic retail demand. Since users only need small amounts of XRP for fees, the capital influx hasn't sparked major XRP price action.
Is this milestone a game-changer, or just a vanity metric? Let us know below! 👇
#XRP #XRPLedger #Crypto #Stablecoins #RLUSD
$XRP
