[Midnight News Briefing] 92% of RLUSD transactions were executed with XRP, etc.
Original headline[자정 뉴스브리핑] RLUSD 거래의 92%가 XRP와 체결됐다 外
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Ripple USD (RLUSD) trading on the XRP Ledger’s native DEX has been overwhelmingly paired with XRP, with 92% of the $1.65 billion in RLUSD swapped on XRPL this year executed against the XRP token, according to an Evernorth ($XRPN) report cited by CryptoPotato. The concentration matters because it shows RLUSD’s on-chain liquidity on XRPL remains almost entirely dependent on XRP as the counterparty asset rather than diversified stablecoin or fiat pairs. Separately, XRP Insights data showed 31.1 billion XRP still locked in 99 escrow contracts across eight Ripple-related accounts as of the 8th, after 1 billion XRP was released on November 1 and 700 million was re-deposited, leaving a net reduction. Watch next for whether RLUSD pairs broaden beyond XRP on XRPL and for the pace of further escrow releases from Ripple’s holdings.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
RLUSD, XRP (XRP), XRP Ledger, Ripple (XRP), Evernorth
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