🔥 Ripple’s RLUSD Stablecoin Sees 2,000% Increase in Trading Volume

🔥 Ripple’s RLUSD stablecoin saw a 2,000% increase in trading volume, reaching $611 million in 24 hours.

🔥 This makes it the fourth most traded stablecoin, despite its market cap of just $53 million.

🔥 Bullish accounts for 96% of the trading volume, having listed six new trading pairs for the coin last week.

🔥 Analysts have suggested that the low liquidity of the RLUSD/USD pair could mean that large trades are driven by Ripple’s own activities rather than regular users.

🔥 Ripple minted an additional 600,000 coins on Friday, and a whitepaper is set to be released in January revealing the assets backing the stablecoin$XRP