The launch of RLUSD, Ripple's new stablecoin, has shaken the foundations of the cryptocurrency market, causing a 10% increase in the value of XRP and generating profits of nearly 1.5 billion dollars in just 24 hours. Are we witnessing the ideal combination of the stability of traditional currencies and the efficiency of blockchain technology?
Ripple's strategy has yielded immediate results. Within hours, RLUSD has begun trading on major cryptocurrency exchanges such as Uphold, MoonPay, and Bitso, leading to an impressive surge of 10% in the price of XRP, Ripple's native cryptocurrency. This increase has generated a wave of enthusiasm among investors, who have seen their investments appreciate, with an estimated raise of 1.5 billion dollars in profits in just one day.
The launch of RLUSD has a direct impact on XRP. As the native currency of the Ripple ecosystem, XRP is used to facilitate transactions and the functioning of the network. The greater adoption of RLUSD could generate an increased demand for XRP, which in turn could drive its price upwards.