The post XRP Open Interest Surges to $1B Amid RLUSD Stablecoin Testing appeared first on Coinpedia Fintech News
Open interest in XRP skyrocketed past $1 billion as Ripple’s RLUSD stablecoin undergoes private beta testing on the XRP Ledger and Ethereum blockchain. The recent surge follows Ripple’s minting of RLUSD tokens, hinting that the stablecoin is moving from testing to a more active development phase. XRP futures bets reached over $1 billion, the highest since last year, while spot trading volumes hit $2.5 billion. Ripple plans to use RLUSD in cross-border payments, offering liquidity and faster transactions. XRP’s price increased by 7.4% in the past week.