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RLUSD Tops $2.69B, XRP Dips Below $1 & XRPL Turns 15
Audio is available on Spreaker — see link below.
XRP daily briefing: Ripple's RLUSD stablecoin overtakes PayPal PYUSD at $2.69B, XRP touches sub-$1 intraday lows, and the XRP Ledger celebrates 15 years with a v3.5.0 upgrade on the horizon. The XRP community's open letter to Ripple and what the ETF pullback really means for holders.
Audio is available on Spreaker — see link below.
Ripple's RLUSD stablecoin just crossed two point six nine billion dollars in market cap, overtaking PayPal's PYUSD at two point six one billion. That's a real milestone.
XRP touched just below a dollar intraday on November thirteenth, its first dip below that level since August. The broader crypto market was under pressure that session, with over seven hundred and twenty-seven million dollars in liquidations across the market.
The XRP community posted an open letter to Ripple on November tenth, directed at CEO Brad Garlinghouse, asking for more transparency on how the company's business growth translates to value for token holders. That's a fair question and a healthy one.
The XRP Ledger marked fifteen years since David Schwartz first began writing the code, on November eleventh, two thousand and eleven. Fifteen years of development, and the network is still shipping upgrades on schedule.
The story to track going forward is whether RLUSD's growth eventually creates a tighter feedback loop with XRP utility. Right now the two are running on separate tracks.
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