On October 4, 2024, XRP market activity surged after Ripple’s digital currency hit new highs, with its stablecoin Ripple USD (RUSD) supply increasing to 2 million. This surge in activity also led to increased interest from traders in the XRP derivatives market, with open interest exceeding $1 billion. In the same context, Ripple received preliminary approval from regulators in Dubai, boosting its chances of expanding its cross-border digital payments services.
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