Tether USDt presyoUSDT

$USDT.D [UPDATE] ⏳

AI16ZUSDT Buy at 0.1950 USDT: This price is near support and aligns with the oversold RSI, offering a good entry for a potential bounce. Set TP at 0.2176 USDT: Targets the recent high and estimated VWAP, providing an 11.59% gain with a 1.51:1 risk-reward ratio. Set SL at 0.1800 USDT: Protects against a further drop below support, limiting loss to 7.69%.

200USDT

The XRP Ledger is seeing a noticeable uptick in adoption by big financial institutions as its use cases expand across various key areas, including decentralized finance (DeFi), stablecoins, and the tokenization of assets. RippleX, which is a division within Ripple, has been a major driving force behind these changes, contributing significantly to the growth of the XRP Ledger. Jasmine Cooper, Head of Product at RippleX, recently shared some key insights into the latest advancements and the growing interest from institutions in leveraging the XRP Ledger’s capabilities. One of the clear trends on the XRP Ledger is the increasing involvement of traditional financial institutions. This includes banks like Societe Generale and well-known asset managers such as Aberdeen. These organizations are increasingly looking at tokenization platforms on the XRP Ledger for a variety of assets, including money market funds and stablecoins. Notably, Aberdeen has launched tokenized money market funds through XRPL-based provider checks. RippleX has been actively working to make it easier for institutions to tokenize assets and issue their own stablecoins on the XRP Ledger. Related: Ripple’s XRP Ledger to Get Smart Contracts, EVM Compatibility RippleX has introduced an interesting concept called multi-purpose tokens (MPTs). These tokens cleverly combine features of both regular, interchangeable tokens (fungible) and unique, non-interchangeable tokens (non-fungible). This allows for more dynamic and flexible management of assets directly on the blockchain. This concept is particularly useful for developers as it allows them to issue tokens with additional information (metadata) directly attached. This could include details like bond terms or interest rates. Another significant development that’s gaining traction is the integration of Ethereum Virtual Machine (EVM) sidechains. This sidechain essentially enables compatibility with smart contracts written for the Ethereum network and allows for the transfer of assets like XRP onto this sidechain. RippleX is also focused on incorporating privacy features within the XRP Ledger. By adding things like access areas and credentials, institutions can create authorized environments where participants need to meet specific requirements, such as completing Know Your Customer (KYC) verification processes. Related: RLUSD Takes Off on XRP Ledger as USDT Faces Europe Delistings Additionally, RippleX is exploring the integration of zero-knowledge proofs (ZKPs). This technology could further enhance privacy while still maintaining the transparency and security that blockchain is known for. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Who would have thought that Ripple’s stablecoin, RLUSD, which was initially just part of a limited test, is now starting to steal the market’s attention. From what initially seemed like an ordinary experiment, RLUSD now has a circulating supply of $160 million, according to IntoTheBlock . In early March, CNF reported that RLUSD surpassed the trading volume of several competing stablecoins and began to enter a wider ecosystem through integration with Revolut and Zero Hash. Even then, the circulating tokens had only reached 120 million. So, in just a short time, there have been tens of millions of RLUSD tokens spread across the network. This is not a growth that can be considered a breeze. Interestingly, RLUSD is not only focused on one network. It moves nimbly between Ethereum and XRP Ledger (XRPL). During January, the total trading volume of this stablecoin reached $7.35 billion. If calculated, this means that billions of dollars changed hands in just a matter of weeks, an activity that shows how high the demand for this stablecoin is. Like a cake shop that suddenly went viral on social media, RLUSD is starting to attract crypto investors who want something stable yet full of growth potential. Furthermore, the latest data shows an increase in the number of Ethereum addresses holding RLUSD. In the past month, there has been a spike of around 15%, reaching 2,345 addresses. Behind the growth of RLUSD, there is a strong push from Ripple CEO, Brad Garlinghouse. He projects that RLUSD has the opportunity to enter the top five stablecoins in the world. This prediction came after the SEC dropped the lawsuit against Ripple Labs—which automatically gave fresh air for further expansion. On the other hand, John Deaton, a lawyer close to the XRP community, sees the launch of RLUSD as not just an attempt to make money. He considers this step to be Ripple’s clever strategy to achieve regulatory clarity. With stablecoins increasingly accepted by the market, RLUSD has the potential to strengthen the utility of the XRP Ledger as a whole. It’s like building a bridge between the old financial world and the growing crypto infrastructure. Looking at the latest data, RLUSD managed to record a daily trading volume of $23 million. Of that amount, around $12.5 million came from Uniswap alone. Interestingly, the price of RLUSD against ETH was at $1.004, slightly above its peg, while against USDT, the price was stable at $0.9995. This price stability shows that despite being heavily traded, RLUSD is still able to maintain its value—which is certainly the main selling point of a stablecoin. What is more interesting is how this project has managed to build trust in a short time, amidst fierce competition from big players like Tether and USDC. Like a new kid in school who immediately gets along with everyone because he has a unique style and doesn’t act like a know-it-all, RLUSD is starting to find its own place in the crypto ecosystem.