XRP Latest News: the New Ripple Stablecoin and Its Impact on Price Targets
RLUSD crossed $2.02 billion on 25 August, with about $962.9 million on the XRP Ledger and roughly $1.1 billion on Ethereum. More than half of Ripple's own stablecoin sits on a competing network.
Growth is real. Monthly transfer volume near $11.81 billion, up around 17% over 30 days. But trailing 30-day active addresses fell to about 8,252, down 25.2%. Bigger flows from fewer participants reads as treasury activity, not broad adoption.
The burn argument does not hold. Since 2012 the network has destroyed roughly 14.4 million $XRP in total, and one estimate placed payment-scale stablecoin burn near 0.0075% of supply a year. That is a rounding error, not a demand engine.
The harder question is substitution. A dollar-pegged token avoids the price movement a bridge asset adds mid-transfer, which is exactly what institutions dislike.
I keep this small and unleveraged on Bitunix. Liquidation risk on a token that added 50% in a week is real. Not advice, just my read, and I could be wrong.
Binance Square - Article 8 - 175 words
RLUSD crossed $2.02 billion on 25 August, with about $962.9 million on the XRP Ledger and roughly $1.1 billion on Ethereum. More than half of Ripple's own stablecoin sits on a competing network.
Growth is real. Monthly transfer volume near $11.81 billion, up around 17% over 30 days. But trailing 30-day active addresses fell to about 8,252, down 25.2%. Bigger flows from fewer participants reads as treasury activity, not broad adoption.
The burn argument does not hold. Since 2012 the network has destroyed roughly 14.4 million $XRP in total, and one estimate placed payment-scale stablecoin burn near 0.0075% of supply a year. That is a rounding error, not a demand engine.
The harder question is substitution. A dollar-pegged token avoids the price movement a bridge asset adds mid-transfer, which is exactly what institutions dislike.
I keep this small and unleveraged on Bitunix. Liquidation risk on a token that added 50% in a week is real. Not advice, just my read, and I could be wrong.
Binance Square - Article 8 - 175 words