📢 Ripple CTO Explains How RLUSD Promotes the Development of XRP and XRPL

Ripple's Chief Technology Officer David Schwartz recently shared how the RLUSD stablecoin enhances the potential of the XRP Ledger (XRPL) ecosystem. RLUSD boosts XRPL trading activity, leveraging XRP as a bridge for decentralized exchanges and real-world assets, strengthening Ripple's payment infrastructure.

Schwartz described RLUSD as a good asset that brings benefits to users and developers.

RLUSD complements XRP in Ripple's payment infrastructure, with XRP serving as a bridge currency for cross-border transactions, and RLUSD entering the tokenized real-world asset market.

Demand for Stablecoins: The demand for stablecoins is continuously growing, and RLUSD leverages the speed and cost efficiency of XRPL.

Token Supply: 19.1 million

Market Cap: 4.6 million USD

Holders: Approximately 6,600

Fully Diluted Market Cap: 19 million USD

Ripple's dual strategy of adopting XRP and RLUSD aims to drive ecosystem adoption and market influence.

Despite XRP's recent price drop, bulls remain optimistic.