The post Ripple USD (RLUSD) Volume Rockets 65% as Total Holders’ Count Hits New High appeared on BitcoinEthereumNews.com. Ripple USD stablecoin (RLUSD) has continued to gain traction on the crypto market despite the broader lingering fluctuations. According to CoinMarketCap data, in the last 24 hours, RLUSD has spiked by over 65% in trading volume, and the total number of holders has flipped 6,500. Global adoption fueling RLUSD volume spike  As of press time, total holders of Ripple USD stablecoin have reached a new high of 6,510.  The number indicates steady growth for a stablecoin determined to capture a slice of the market dominated by established players such as Tether (USDT) and Circle (USDC). The 6,510 holders refer to the number of wallet addresses holding the Ripple USD stablecoin. It is worth mentioning that the list of wallet addresses derived from the contracts of each token is not an exhaustive one. The increasing number of total holders signals that RLUSD is gaining traction on the stablecoin market, and investors are confident in the stablecoin’s potential.  This has reflected in the trading volume, which is up by over 65% at $55.32 million as of press time. As per a Ripple executive, Reece Merrick’s, explanation over the weekend, this spike in trading volume is not limited to just trading.  Merrick noted that the global shift in payment systems from fiat to digital assets is fueling the demand seen with RLUSD. You Might Also Like Ripple USD stablecoin’s growing institutional expansion  In the final week of November, Ripple USD stablecoin gained regulatory recognition in Abu Dhabi, as it is now legal to use RLUSD as lending collateral.  The approval signals that RLUSD can be accepted within the Abu Dhabi Global Market financial free zone. Another country, Singapore, has also approved Ripple’s offering end-to-end regulated payment services using RLUSD in the region. It is developments such as this that are serving as catalysts for the growth… The post Ripple USD (RLUSD) Volume Rockets 65% as Total Holders’ Count Hits New High appeared on BitcoinEthereumNews.com. Ripple USD stablecoin (RLUSD) has continued to gain traction on the crypto market despite the broader lingering fluctuations. According to CoinMarketCap data, in the last 24 hours, RLUSD has spiked by over 65% in trading volume, and the total number of holders has flipped 6,500. Global adoption fueling RLUSD volume spike  As of press time, total holders of Ripple USD stablecoin have reached a new high of 6,510.  The number indicates steady growth for a stablecoin determined to capture a slice of the market dominated by established players such as Tether (USDT) and Circle (USDC). The 6,510 holders refer to the number of wallet addresses holding the Ripple USD stablecoin. It is worth mentioning that the list of wallet addresses derived from the contracts of each token is not an exhaustive one. The increasing number of total holders signals that RLUSD is gaining traction on the stablecoin market, and investors are confident in the stablecoin’s potential.  This has reflected in the trading volume, which is up by over 65% at $55.32 million as of press time. As per a Ripple executive, Reece Merrick’s, explanation over the weekend, this spike in trading volume is not limited to just trading.  Merrick noted that the global shift in payment systems from fiat to digital assets is fueling the demand seen with RLUSD. You Might Also Like Ripple USD stablecoin’s growing institutional expansion  In the final week of November, Ripple USD stablecoin gained regulatory recognition in Abu Dhabi, as it is now legal to use RLUSD as lending collateral.  The approval signals that RLUSD can be accepted within the Abu Dhabi Global Market financial free zone. Another country, Singapore, has also approved Ripple’s offering end-to-end regulated payment services using RLUSD in the region. It is developments such as this that are serving as catalysts for the growth…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more