Ripple (XRP) is on the verge of an uptrend after Senator Bill Hagerty noted that the GENIUS stablecoin act will get Senate greenlight next week. Once this bill passes, it will have a notable impact on US-made stablecoins like RLUSD. However, can RLUSD attain 50% of Tether’s $150 billion market cap, and if it does, how will it impact XRP price? XRP trades at $2.34 today after a 3.4% decline in 24 hours. Trading volumes were also down by 39% in 24 hours, according to data from CoinMarketCap. XRP Price If RLUSD Hits $75B Market Cap Ripple’s RLUSD currently has a market cap of $313 million, and 2.66K holders. At press time, the dollar-pegged stablecoin posted $59 million in intraday trading volumes, significantly lower than Tether’s volumes of $66 billion. RLUSD Stablecoin However, RLUSD is about to gain a competitive edge over Tether’s USDT and likely support an XRP price... Read More at Coingape.com
The post XRP Price Impact If GENIUS Act Boosts Ripple’s RLUSD Market Cap to 50% of Tether’s $150B appeared first on CoinGape.
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