RLUSD stablecoins decoupled from XRP, trading volume soared 16%

Amid the falling prices of Bitcoin, Ethereum and Ripple (XRP), the cryptocurrency market is generally down, with Ripple Labs' stablecoin RLUSD soaring 16% to $109 million in 24 hours. Although Ripple fell 3.3% to $3.028, RLUSD, as a tokenized asset supporting risk assets (RWA), demonstrates resilience and may help boost the ecosystem’s liquidity. Market analysts believe the pullback is healthy and the Federal Reserve may cut interest rates, which may drive a rebound in valuation. RLUSD’s growth strategy, including regular casting and destruction, is designed to achieve a $1 billion market capitalization milestone.