Ripple's RLUSD Skyrockets 260% In Volume, What Is Driving The Surge?

Key Points

1. RLUSD's trading volume increased by 260.43% ($69.72 million) in 24 hours, according to CoinMarketCap.

2. RLUSD is among the top three traded stablecoins on Bitstamp and has been listed on Bitget with additional trading pairs.

3. DeFi integration, particularly on Euler Finance, contributed to demand, with RLUSD borrowing volume hitting an all-time high of 49.97 million.

4. The stablecoin's growth may positively impact XRP, Ripple's native currency, which has remained above $2 despite market volatility.

5. RLUSD's role in expanding cross-border payments (a $31.6 trillion market) and its real-world utility for retail users were highlighted by industry experts.