$XRP 🚀

According to U.Today, Justin Sun, the founder of Tron (TRX) and owner of BitTorrent, has hinted at the potential release of RLUSD, a USD-pegged stablecoin by Ripple, on the Tron blockchain. This announcement has sparked excitement within the cryptocurrency community, particularly among the XRP supporters, who are eagerly anticipating the asset's launch today, December 4, 2024, following expected approval from New York regulators.

The possibility of RLUSD being deployed on Tron was suggested by Justin Sun in a tweet, which has garnered significant attention from his 3.7 million followers. The tweet has fueled speculation and enthusiasm among the XRP community, who have noted the recent upward trends in both XRP and TRX prices. Additionally, there is speculation about whether RLUSD will also be introduced on the TON blockchain, which has been gaining popularity in recent months.

In recent developments, Tron (TRX) lost its position as the leading blockchain for USDT stablecoin issuance to Ethereum (ETH) after maintaining dominance for approximately 2.5 years. The potential introduction of RLUSD on Tron could help the blockchain regain its status as the top platform for stablecoins. Meanwhile, Ripple is reportedly preparing to launch its stablecoin today, with around 10 million RLUSD already minted on the XRP Ledger blockchain. This transaction was recorded on block number 92,505,016, according to the XRPScan explorer.

The cryptocurrency market has seen significant movements, with Tron's TRX reaching a new all-time high, surging over 80% in the past 24 hours, according to CoinGecko data. Similarly, XRP has experienced an 80% increase over the last week, reaching a six-year high with a new local peak at $2.78. These developments highlight the dynamic nature of the cryptocurrency market and the growing interest in stablecoins and blockchain technology.