Ripple’s RLUSD stablecoin is rapidly gaining popularity in the European crypto scene! 🚀 The MiCA-compliant token has gained a strategic advantage thanks to the European Union’s new Markets in Crypto Assets (MiCA) regulations. With Tether’s decline in Europe, RLUSD is expected to fill this gap.

According to CryptoQuant, RLUSD’s trading volume is growing rapidly. Since June 2024, there have been 33,953 transactions on the XRP Ledger and 1,690 on Ethereum. This strengthens RLUSD’s position as a regulated asset. 📈

Ripple’s RLUSD was launched in mid-December after receiving approval from the New York Department of Financial Services. It has been quickly adopted by many exchanges and offers a variety of trading pairs. However, Ripple CTO David Schwartz warned the community about possible price fluctuations during the launch.