Bitcoin24h $112,137.67-1.23%

Ethereum24h $3,397.08-3.42%

XRP24h $2.79-6.35%

BNB24h $739.39-2.23%

Solana24h $158.14-3.46%

TRON24h $0.3217-0.96%

Dogecoin24h $0.1936-5.26%

Cardano24h $0.6977-3.47%

Hyperliquid24h $36.66-1.74%

Sui24h $3.33-5.02%

Ripple billionaires’ RLUSD captures less than 0.04% of stablecoin market

The billionaire-backed Ripple USD (RLUSD) has failed to capture even 0.05% of the stablecoin sector’s market capitalization.

Ripple went all-in on politics and gained billions

Ripple has learned that being politically active is a savvy technique for long-term success in crypto. Token holders have reaped the rewards.

Bitcoin and XRP fell 33% and 56% respectively after South Korea’s President Yoon Suk Yeol declared martial law for the first time since 1979.

XRP has just outperformed the world’s largest asset manager by market cap, as it enjoys an ATH and a significant price pump.

If XRP can’t hold onto its gains, it could provide even more disappointment to South Koreans still stinging from LUNA’s 2022 collapse.