Ripple’s RLUSD Stablecoin Attracts Frenzy Bids for 800 XRP Ahead of Release
Ripple’s upcoming RLUSD stablecoin is attracting bids upto 836 XRP on onchain marketplaces, despite being pegged to $1.
Speculators often engage in high-priced transactions for small quantities of a new token or NFT as a digital collectible.
RLUSD will go live on the XRP Ledger (XRP) on Tuesday.
Ripple’s upcoming RLUSD stablecoin is attracting bids upto 836 XRP ($2068) on onchain marketplaces ahead of its Tuesday release, a sign of frenzy among enthusiasts who may want to be the first to hold the token.
These bids range from 500 XRP ($1237) to as much as 836 XRP ($2068) as of Asian morning hours on Tuesday, CoinDesk viewed on the Xaman application. Each XRP exchanges hands for just under $2.5
