What is next for XRP price as Hoskinson supports Ripple RLUSD?
Ripple price held steady near its highest level this year ahead of the highly anticipated RLUSD stablecoin launch.
Ripple’s 
xrp-11.15%XRP coin was trading at $2.55 Wednesday morning, within striking distance of its year-to-date high of $2.900.
In an X post, Charles Hoskinson, Cardano 
ada-2.34%Cardano founder, said that he was “excited about RLUSD.” He tweeted that in response to a CT article describing more details about the stablecoin that launches on Dec. 4.
His post could be a sign that Cardano may agree to have the RLUSD stablecoin launch on its blockchain. That would be significant since Cardano’s network now has just $24 million in stablecoins. A future expansion of RLUSD to the Cardano ecosystem would help it grow its stablecoin volume.
RLUSD, which is backed 1:1 by the US dollar, aims to compete with other growing stablecoins like Tether and USD Coin. Tether maintains a leading market share, with a 70% dominance. USD Coin, USDS, Ethena USDe, and Dai follow it. It will initially launch on Ethereum and the XRP Ledger.
The main challenge for the RLUSD stablecoin is substantial competition. For example, PayPal’s PYUSD has accumulated just $495 million in assets, despite the big name behind it.
The RLUSD launch comes at a time when the XRP price has staged a strong comeback, rising by over 400% from its lowest point this year.
XRP has also jumped as investors cheer the upcoming changes at the Securities and Exchange Commission. Gary Gensler, who has battled Ripple Labs for the past four years, is expected to step down in January.
Meanwhile, Donald Trump is now considering the crypto-friendlyregulator, Paul Atkins as the next head of the agency. Such a move could lead to a spot XRP ETF in 2025 and more favorable regulations.
Get to know Trustleak
Trustleak crypto signal is a service which provide profitable crypto and forex signals. Trustleak tried to provide you signals of best crypto channels in the world.
It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.
Trustleak crypto leak service have multiple advantages in comparision with other services:
- Providing signal of +100 best crypto vip channels in the world
- Using high tech bot to forward signals
- Without even a second of delay
- Joining in +160 separated channels on telegram
- 1 month, 3 months , 6 months and yearly plans
- Also we have trial to test our services before you pay for anything
For joining Trustleak and get more information about us only need to follow trustleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features
Join for Free
☟☟☟☟☟
https://t.me/Trustleakbot
Also you can check the list of available vip signal channels in the bot. by pressing Channels button.
