XRP rally and RLUSD anticipation fuel activity on Xaman Wallet
Xaman’s spike in user activity reflects a renewed interest in the XRPL ecosystem amid the ongoing XRP rally and anticipation of the RLUSD stablecoin launch.
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Xaman’s spike in user activity reflects a renewed interest in the XRPL ecosystem amid the ongoing XRP rally and anticipation of the RLUSD stablecoin launch.
Ripple’s RLUSD stablecoin is set for its trading debut on Dec. 17 on platforms including Uphold, MoonPay, Archax and CoinMENA, the company said.
According to data from CoinMarketCap, XRP has a maximum supply of 100 billion tokens, with approximately 57 billion XRP circulating.
According to CoinMarketCap, Ripple’s native XRP token has a maximum supply of 100 billion and a circulating supply of roughly 57 billion.
The tokenized fund will invest in data centers in the United States, the United Arab Emirates, the Kingdom of Saudi Arabia, India, and Europe.
Ripple CEO Brad Garlinghouse says that Japan’s efforts on regulatory clarity has allowed “entrepreneurship and investment to really thrive.”
The move aims to attract developers and expand XRP Ledger’s capabilities, bringing new use cases to its ecosystem.
The decline in activity and the rise in transaction costs on the XRP Ledger are a significant shift compared to the previous quarter.
