Ripple backs RLUSD credit fund as XRP surges 25.7% to $1.27

Ripple has announced support for an RLUSD credit fund, using RLUSD, a stablecoin pegged to the U.S. dollar, to expand its role in institutional finance. The announcement coincides with a 25.7% surge in XRP over the past week, taking the token to around $1.27.

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