cryptonews
Crypto liquidity rises as Ripple gears up to enter the stablecoin market
As Ripple tests the waters with its new stablecoin project, the broader crypto market is currently experiencing a sharp rise in liquidity, particularly driven by stablecoins.
Notably, Ripple is on the verge of penetrating the stablecoin space with the introduction of Ripple USD (RLUSD) in the coming weeks. Ripple president Monica Long confirmed the project will launch this year.
Currently in beta testing, millions of RLUSD tokens have been minted and burned across the XRP Ledger and Ethereum blockchain networks.