"Ripple Stablecoin RLUSD, Trading Volume Drops 56% in One Day... Could Be a Temporary Adjustment"
Summary
- It was reported that the trading volume of the stablecoin RLUSD, issued by "Ripple," decreased by 56% in one day.
- The decline in trading volume could be a natural adjustment following the "Kraken listing," according to analysis.
- It was stated that there is still potential for trading volume expansion, as "major exchange" listings are pending.
The trading volume of the US dollar-pegged stablecoin RLUSD, issued by Ripple, has decreased by 56% in one day. Some analysts suggest that this decline could be a temporary adjustment following the exchange listing.
On the 11th, the cryptocurrency-focused media U.Today cited CoinMarketCap data, stating, "RLUSD's daily trading volume plummeted from $114.3 million the previous day to $35.8 million today."
The media analyzed, "This sharp decline in trading volume may be a natural adjustment following the abnormal surge after RLUSD's listing on Kraken, rather than an overall withdrawal from RLUSD." It also explained, "RLUSD has previously shown significant trading volume fluctuations, such as $49.7 million and $13 million, in the two days immediately following its listing on exchanges."
Recently, RLUSD has been listed on Kraken and Bitstamp, significantly increasing its liquidity. The market anticipates further trading volume expansion, as major exchange listings like Binance and Coinbase are still pending.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
