Urgent 🚨: RLUSD surpasses 300 million dollars with the UAE's approval of the stablecoin...
The stablecoin RLUSD has regained its position in the markets once again, driven by a notable acceleration in its adoption on the blockchain network, along with receiving important regulatory approval from Dubai.
The circulating supply of RLUSD has exceeded the 300 million dollar mark, reflecting increasing institutional confidence in this currency and confirming its growing role as a key tool in Ripple's strategy for expansion within the global institutional payments sector.
RLUSD supply surpasses the 300 million dollar mark
The RLUSD coin recorded impressive performance in a week that witnessed a rebalancing in the cryptocurrency market. The supply of the dollar-pegged stablecoin from Ripple rose by 72.5 million dollars, bringing the total circulating supply to 320.6 million dollars.
This weekly increase is significant at 29%, marking the first time that RLUSD has surpassed the 300 million dollar threshold.
On the other hand, the transaction volume during the same week reached 648 million dollars, an increase of 38% compared to the previous period. This figure is close to the all-time high for the coin recorded in April, indicating that RLUSD is not only being held but is actively being used.