Ripple’s stablecoin, Ripple USD (RLUSD), has achieved a significant milestone by exceeding $170 million, hitting an all-time high of $176,801,211, according to Coingecko. This remarkable feat comes on the heels of Ripple’s announcement about the U.S. Securities and Exchange Commission dropping its longstanding lawsuit against the company.
Ripple USD Market Cap Soars Past $170 Million
Ripple’s USD stablecoin, RLUSD, has made waves in the crypto market by breaking records and surging beyond $170 million. Coingecko reported that the market capitalization of RLUSD hit an impressive high of $176,801,211, showcasing a remarkable achievement for Ripple.
Impact of SEC Lawsuit Withdrawal on Ripple’s Market Cap
The recent withdrawal of the U.S. Securities and Exchange Commission’s lawsuit against Ripple has had a profound impact on the company’s stablecoin. With regulatory uncertainties lifted, Ripple has seen a surge in confidence from investors, leading to this unprecedented market cap milestone.
Future Outlook for Ripple USD
As Ripple USD continues to make headlines with its record-breaking market cap, the future looks promising for the stablecoin. With regulatory hurdles now behind them, Ripple is poised for further growth and stability in the crypto market.
To stay updated on Ripple’s market cap and the latest developments, keep an eye on the stablecoin’s performance and upcoming announcements.
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