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RLUSD Ripple broke records in trading volume, beating PayPal USD and EURC. Since its launch in December 2024, RLUSD hit $34.7 million in daily trades. This tops PYUSD at $19.7 million and EURC at $12.4 million. The rise shows strength during cryptocurrency market volatility. Banks and traders now pick RLUSD for its reliable performance in daily transactions. BREAKING! Ripple USD stablecoin has flipped both PayPal and Euro stable in 24hr Volume only two weeks after its launch. #XRP @xpmarket @UpholdInc pic.twitter.com/DDOGs9dXpc — Paul Barron Network (@paulbarrontv) January 4, 2025 Also Read: How High Will Cardano (ADA) Surge After Trump Takes Office? How Ripple’s RLUSD Overcomes Cryptocurrency Challenges and Market Volatility Source: Blockhead.co Strategic Integration with XRP Ledger RLUSD Ripple works on both XRP Ledger and Ethereum. Users get fast, cheap transfers across networks. Adam Cochran, Managing Partner at Cinneamhain Ventures, states that “RLUSD acts as a Trojan H...

Solana (SOL) has seen a significant uptick in activity, driven by the rapid adoption of PayPal’s (NASDAQ: PYPL) U.S. dollar-pegged stablecoin (PYUSD) on its network.  Notably, Solana has overtaken Ethereum (ETH) as the primary network for PYUSD, with more than 51% of the stablecoin’s total supply now residing on the Solana blockchain.  This milestone is significant, especially considering that PYUSD initially launched on Ethereum in August 2023, where it quickly gained traction. Picks for you Binance announces the launch of Toncoin (TON) on Binance Launchpool and Super Earn 2 hours ago Ethereum price prediction with US CPI data release 4 hours ago ...

In August 2023, PayPal made a significant move by introducing its stablecoin, backed by the U.S. dollar. Partnering with Crypto.com, based in Singapore, and Paxos, PayPal aimed to establish itself as a leading platform for USD transactions. As of a press release dated September 28, Crypto.com has successfully secured the position of having the highest liquidity for PY USD trading pairs on a global scale. They have made PY USD available to both retail and institutional users, with exciting “trading Features ” soon to follow. This strategic development builds upon the existing partnership between PayPal and Crypto.com, including the innovative option to fund the Crypto.com Visa Card using PayPal , as highlighted in the press release. The collaboration’s overarching goal is to connect over 80 million users to the latest crypto innovations while simultaneously supporting PayPal’s vast network of consumers and merchants. This endeavor plays a pivotal role in PayP...

Also Read: Digital Asset Outflows Surge, Solana And XRP Lead Impressive Weekly Inflows: Report advertisement “Financial System Of The Future” McHenry said in a statement that “If issued under a clear regulatory framework, (the stablecoin s) hold promise as a pillar of our 21st century payments system.” Patrick McHenry had been a strong supporter of having a conducive environment for the Crypto Market . Earlier, McHenry warned US Securities and Exchange Commission (SEC) Chair Gary Gensler over the comments on spot Bitcoin ETF filings. Prior to this, he had grilled Gensler on his views on Ethereum being a security vs commodity. “Clear regulations and robust consumer protections are essential to enabling stablecoin s to achieve their full potential. That’s why it’s more important than ever that Congress enact legislation to provide comprehensive digital asset regulation, especially for stablecoin s.” Meanwhile...