Those longer-lasting assets that seemed relegated to oblivion. Among them, XRP stands out as one of the protagonists.
In this context, the cryptocurrency issued by Ripple Labs has once again traded above 2 dollars, levels not seen in 7 years.
The optimism surrounding XRP did not stop there. Expectations remain intact after the launch of RLUSD, the stablecoin from Ripple Labs. As Criptonoticias has already reported, it is a stablecoin that has a 1:1 parity with the dollar and is backed by deposits of bonds issued by the United States government and cash-equivalent assets, to ensure the stability and liquidity of the asset.
One noteworthy fact is that RLUSD is issued both on Ethereum and on XRP Ledger, a decentralized network that uses XRP for the payment of fees.
As interest in the stablecoin grows, operations in that environment will increase, and therefore, the adoption of XRP. This factor acts as a price catalyst for the cryptocurrency.
