The RLUSD stablecoin release will not immediately send XRP to the moon
Happycoin.club - Experienced XRP Ledger network validator Vincent Van Code believes that Ripple USD (RLUSD) stablecoin release will not immediately send XRP (XRP) to the moon.
After the authorities of the American state of New York gave the go-ahead to the Ripple company to create RLUSD on December 11, the XRP rate increased sharply from $1.9 to $2.48 due to a "speculative pump", according to Vincent. In his opinion, the "real pump" will start as soon as automatic market makers and liquidity pools are launched, allowing RLUSD holders to earn 5% per year by holding stablecoins.
Based on this, cryptocurrency exchanges will add the Ripple USD staking option, which in turn will increase the popularity of these coins. Traders will start exchanging Tether (USDT) for RLUSD, transfer the tokens to their own crypto wallets and spend them to buy XRP on decentralized trading platforms.
