Major Adoption Developments for Ripple’s Stablecoin (RLUSD)

Ripple's stablecoin, RLUSD, has gained further support with Bitget, a leading cryptocurrency exchange, offering trading services for it. This move follows support from other exchanges, including Bitso, Uphold, Bitstamp, Moonpay, as well as US-based Kraken and Gemini. However, with a market cap slightly above $300 million, RLUSD still accounts for just 0.12% of the nearly $250 billion stablecoin sector.

Meanwhile, Cardano's founder, Charles Hoskinson, has been exploring the possibility of integrating RLUSD into their ecosystem. Despite no official confirmation, Ripple and Cardano have been in conversation about a possible collaboration. Ripple reportedly attempted to acquire the company behind the second-largest meme coin, but the issuer later denied it was for sale.