XRP remains strong, boosted by political shifts and anticipation of RLUSD’s release, currently trading at $1.46 with further potential upside.its plans to introduce a stablecoin pegged 1:1 to the American dollar. Over the past several months, the team disclosed that the product’s name will be RLUSD and. “On each Ethereum and XRP Ledger, there is only around 100k RLUSD left,” they added.RLUSD will see the light of day once the New York Department of Financial Services gives the green light.
Earlier this month, Monica Long said the team is “operationally ready” to launch the product. However, she alsoSome analysts have previously suggested that the further advancement of RLUSD and its eventual launch could positively impact XRP’s price. Ripple’s native token has spiked by 3% on a 24-hour scale, currently trading at around $1.46 . It remains one of the best-performing cryptocurrencies in the last month following Donald Trump’s win in the US presidential elections and Gary Gensler’s Gensler is known for his anti-crypto stance, and the agency has filed countless lawsuits against cryptocurrency businesses during his tenure.What Is Sui Network : The Ultimate Guide in 2024One Weekly Email Can Change Your Crypto Life.