[Analysis] "Ripple USD (RLUSD) Emerges as an Alternative to Tether with EU's MiCA Implementation"
Suehyeon Lee
Summary
- Ripple's Ripple USD (RLUSD) has emerged as an alternative to Tether with the implementation of the European Union MiCA regulation.
- With the EU's MiCA implementation, RLUSD is designed to comply with regulations, placing it in a favorable position.
- The delisting of Tether in Europe opens up opportunities for compliant stablecoins.
Ripple's stablecoin, Ripple USD (RLUSD), is emerging as an alternative to Tether (USDT) with the implementation of the European Union's (EU) Markets in Crypto-Assets (MiCA) regulation.
On the 7th (local time), CryptoQuant author maartunn reported, "The trading volume of RLUSD, introduced by Ripple, is expected to continue to surge rapidly. Designed to comply with the EU's MiCA implementation since the end of last year, RLUSD is currently in a favorable position in the market."
The author added, "With the full implementation of the MiCA regulation, Tether stablecoin was delisted in Europe on December 30th. This opens up new opportunities for stablecoins like RLUSD that comply with the regulations."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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