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In the last 24 hours, Ripple RLUSD stablecoin It saw an increase in activity, with 15,742,960 RLUSD transferred across various transactions, according to data tracking stablecoin Ripple. This trend highlights the growing interest in the Ripple stablecoin amid the current market uncertainty.
Ripple stablecoin trackera community account on
The most recent are two transactions worth 1,800,010 RLUSD each transferred between unknown wallets.
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Other transactions include: two transactions worth 1,000,000 RLUSD each transferred between unknown wallets; Two transactions worth 800,000 RLUSD and 500,000 RLUSD were sent between unknown wallets; Another 500,000 RLUSD was transferred from the RLUSD treasury to an unknown wallet; 2 trades worth 1,600,000 RLUSD; 1,542,940 RLUSD was exchanged between unknown wallets; Two trades worth 1,400,000 RLUSD each were transferred from unknown wallets.
The Ripple stablecoin was launched globally on exchanges on December 17, 2024 and has been gaining traction ever since. Last week, Bitstamp announced the listing of Ripple USD (RLUSD) on the Ethereum network.
RLUSD explodes by 123% in trading volume
ripple Stablecoin RLUSD It saw a 123% increase in trading volume, according to CoinMarketCap data, indicating higher trading activity. The sharp rise in volume comes amid recent market uncertainty, as investors look for alternatives to stablecoins to weather the storm.
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The cryptocurrency market witnessed heavy selling in yesterday's trading session, resulting in the liquidation of nearly $700 million. This led to a move towards stablecoins as traders sought to protect their assets from further losses.
In the past 24 hours, trading volume in the stablecoin sector rose by 80% to exceed $156.3 billion. With a trading volume of $175 million over the past 24 hours, RLUSD has surpassed DAI, one of the major stablecoins in the market, which reported trading volumes of $133 million in the same time frame.
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