Key Notes
- RLUSD’s trading volume is up, with a 75% increase over the past 24 hours.
- The coin is currently the 92nd largest cryptocurrency in terms of market capitalization.
- Bybit listed RLUSD recently amid a growing push toward tokenization.
RLUSD, the stablecoin launched by blockchain payments firm Ripple Labs Inc., has recorded a significant increase in its 24-hour trading volume. According to CoinMarketCap, this metric climbed by about 75% and with a market capitalization of $789.54 million, positioned RLUSD among the top 100 cryptocurrencies.
RLUSD Records Multiple Milestones
Ripple’s RLUSD has had one of the strongest seasons in the past few weeks. This includes multiple listings on exchanges and integrations with top projects. More recently, it saw its 24-hour trading volume jump by 75% to hit a new high. In addition to the rally, the USD-pegged stablecoin has seen its market cap make significant progress.
Per CoinMarketCap data, RLUSD’s market cap is currently at $789.54 million, making the stablecoin the 92nd largest cryptocurrency in the industry. Only a few days ago, cryptocurrency exchange Bybit expressed its support for Ripple’s RLUSD by listing the stablecoin, a significant move towards bridging the gap between Traditional Finance (TradFi) systems and the Decentralized Finance (DeFi) ecosystem.
By making this move, the Bybit exchange is offering potential users direct access to a digital asset that provides seamless transitions between regulated, tokenized funds that yield returns and liquid crypto assets. Multiple trading pairs, including RLUSD/USDT, RLUSD/ETH, RLUSD/BTC, RLUSD/MNT, and RLUSD/XRP, are now available on the Bybit platform.
Another recent win for the stablecoin involves a deal with major asset managers. For context, BlackRock’s BUIDL and VanEck VBILL tokenized funds’ shareholders are now allowed to exchange their shares for Ripple’s RLUSD. This development is likely to bring more utility to the stablecoin.
Another Coin to Look At: Best Wallet Token
While RLUSD grabs the attention of investors, BEST Wallet is also making major waves. As it stands, it is currently rated among the best crypto presales. BEST Wallet offers users complete control over their assets, by-passing banks and other intermediaries.
If you are looking at gathering future gains, it is likely the right project to consider. Loyal users who interact with the project will be rewarded with community discounts on trading fees. Also, they are eligible for enhanced staking rewards and early access to crypto presales, among others.
Investors can get early access to the Best Wallet token BEST by participating in its ongoing presale.
Current Presale Stats:
Current Price: $0.025725
Amount Raised So Far: $16.2 million
Ticker: BEST
Purchase Mode: Crypto and Card
Overall, users will gain access to high-end security, multi-functionality, and support for over 60 chains, including Bitcoin and Ethereum.
There are only about 24 hours for interested crypto enthusiasts to purchase the token at a discounted price.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
Source: https://www.coinspeaker.com/ripple-rlusd-stablecoin-volume-top-100/