XRP Ledger Stablecoin Transfer Volume Reaches $1.77 Billion in 30 Days
The source says XRP Ledger recorded sharp stablecoin growth, with transfer volume rising 91.90% and Ripple USD (RLUSD) accounting for roughly 84% to 85% of the market.
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Terms & Concepts
XRP Ledger: A blockchain network associated with XRP, designed for payments and token issuance.
Stablecoin: A cryptocurrency designed to maintain a stable value, often by being pegged to a fiat currency such as the U.S. dollar.
RLUSD: Ripple USD, a stablecoin issued in the XRP Ledger ecosystem, which the source says holds the dominant market share.