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▲ RLUSD, Stablecoin/AI Generated Image
Market attention is focused on the increasing activity of the XRP Ledger network as the supply of RLUSD has rapidly and significantly expanded in a short period. As the expansion of stablecoin distribution coincides with a resurgence in XRP Ledger usage, investor expectations for ecosystem expansion are also growing.
According to U.Today on May 25 (local time), 275 million RLUSD were newly issued recently. RLUSD is a dollar-pegged stablecoin promoted by Ripple, operating on the XRP Ledger and Ethereum (ETH) networks.
U.Today reported that along with the expanded RLUSD supply, XRP Ledger activity is also showing an upward trend. Recently, the XRP Ledger has seen a recovery in payment transactions and network usage, and analysis suggests that the increased use of stablecoins is contributing to network revitalization.
RLUSD has recently quickly established itself as one of the key assets in the XRP Ledger ecosystem. U.Today explained that Ripple is adjusting liquidity balance by repeatedly issuing and burning RLUSD. Indeed, RLUSD has seen repeated issuances and burns in the tens of millions over the past several months.
XRP Ledger network activity has shown significant volatility recently. U.Today reported that earlier this month, XRP Ledger payment volume temporarily plummeted by 75% but has since shown a recovery trend. In the market, the expansion of RLUSD is being cited as one of the key drivers for the rebound in network usage.
U.Today assessed that the XRP Ledger is growing its presence amidst the expansion of tokenized real-world assets and institutional capital inflow. The recent shift of Wall Street institutions' interest towards the XRP Ledger-based ecosystem is also noteworthy.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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