Unbelievable! Ripple USD (RLUSD) Soars to New Heights, XRP Shakes in Its Boots!

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Ah, dear reader! Just two moons have passed since the grand unveiling of the Ripple USD (RLUSD) stablecoin, and lo and behold, it has amassed a staggering 120,000,000 in total supply! This token, birthed upon the sacred grounds of Ethereum and the illustrious XRP Ledger (XRPL), has galloped forth with such vigor that one might think it was a horse in a race, leaving its competitors in a cloud of dust! 🏇💨

RLUSD Stablecoin: State of the Adoption

In a twist worthy of a Dostoevsky novel, the blockchain analytics oracle, CryptoQuant, has proclaimed this news on the mystical platform known as X. They referenced the wise Researcher JA Maartunn, who, with a twinkle in his eye, spoke of RLUSD’s initial frolic on the Ethereum blockchain. Yet, as fate would have it, the token has now decided to cozy up to the XRP Ledger, as if it were a warm blanket on a cold winter’s night. 🥶

And what’s this? RLUSD has recently graced the high-leverage trading platform Margex with its presence! A true feather in its cap, or perhaps a cherry on top of a rather extravagant cake! 🎂

Moreover, the NYDFS-regulated Ripple stablecoin has bagged a Zero Hash listing earlier this year, and it has even ventured into the bustling marketplace of Revolut! One can only imagine the ruckus this has caused in the realm of mainstream finance! All these integrations have surely contributed to this meteoric rise in total supply, like a balloon at a child’s birthday party! 🎈

Indeed, this expansion has been a veritable feast for the RLUSD supply! 🍽️

RLUSD Outlook on XRP Ledger and Ethereum

In a plot twist that would make even the most seasoned playwright gasp, Ripple, the blockchain payment company, began test minting RLUSD on both Ethereum and XRPL back in August, a full four months before the grand launch! And now, as if by magic, the stablecoin has found favor on the XRPL, thanks to its lower transaction fees. Who knew that saving a few pennies could lead to such a delightful romance? 💰❤️

As it stands, XRPL now cradles around 37.4 million RLUSD, having gallantly overtaken Ethereum in the race of growth rates! Meanwhile, Ethereum’s supply of RLUSD has dwindled to a mere 83.3 million. The current total supply of $120 million worth of RLUSD is not just a milestone; it’s a veritable celebration for the Ripple ecosystem! 🎉

The tale of RLUSD on the XRP Ledger is particularly riveting, especially with the tokenization link that has been woven into the narrative. Ripple Labs has been busy forging partnerships to drive its Real-World Assets (RWA) tokenization agenda, like a blacksmith hammering away at a glowing piece of metal! 🔨

XRP Price and Whale Boost

As the RLUSD gains traction on the XRPL, it has also lent a helping hand to the price of XRP, sustaining it like a loyal friend during tough times. At the time of this writing, the altcoin is trading at $2.64, having lost a mere 3% of its gains in the last 24 hours. But fear not, for the new developments in the stablecoin ecosystem may just turbocharge its long-term price rally! 🚀

In a previous XRP price analysis, the audacious prospect of the coin soaring to $250 was floated, fueled by the accumulation of Ripple whales. The XRP Captain, a figure of great renown, took to X to advise market participants to brace themselves for the “space journey largest breakout in history.” One can only wonder what kind of space travel he has in mind! 🛸

He predicts that from now until 2026, we shall witness this bullish rally unfold, like a grand opera in the making! 🎭

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2025-02-18 00:17