RLUSD Collapses: What’s Going On With Your Stablecoin, Peeps? 🤔

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So, you’ve heard about Ripple‘s RLUSD, definitely not just another boring coin in the crypto pile, right? 🎉 Well, get this: the volume has tumbled a whopping 40% in just 24 hours. According to the all-knowing CoinMarketCap, RLUSD’s once bouncy $107.85 million volume took a dive by 40.7%. Cue shocked gasps from the crypto community. It’s like…whaaat?! 😳

Did Bullish Just Drop the Ball on RLUSD Demand?

Hold your horses! Remember when Bullish, that oh-so-modern digital asset platform, did that earth-shattering thing on August 19th-announcing its IPO proceeds would be all about RLUSD, a cool $1.15 billion to be exact? Sit tight because it was the first-ever public listing using a stablecoin for settlement. Go, RLUSD! Celebrations, sparklers, a standing ovation? Well, yeah… for a bit.

Everyone thought RLUSD was destined for the stratosphere. But turbulence hit, and the trading volume is tanking. Some folks in the crypto community are rubbing their eyes and asking, “What did we do to deserve this, universe?” The big buzz was, “Bullish IPO equals demand uptick for RLUSD.” But alas, reality hit hard, and the volume is looking like a deflation post-chaos party.

Here’s a fun fact: Bullish accounts for a whopping 76% of RLUSD’s trading volume. When the IPO party ended, RLUSD decided, “Oh well, back to the usual grind, you guys.” 🎈 Gone.

RLUSD Makes Some Moves In the Market Cap Game

In the midst of its rollercoaster trip, Ripple’s USD stablecoin climbed the market cap ranks faster than I can say “new fashion trend.” It knocked Zcash (ZEC) off its 104th spot with a market cap of $602.6 million. Phew! Just when you thought it couldn’t get any more thrilling… Spoiler alert: it can.

As of now, RLUSD has slid to 102nd place with a slightly boosted market cap of $666.56 million. It’s like being a rollercoaster with a built-in pendulum. But hey, that’s crypto life!

For those keeping score, RLUSD is still defying gravity within crypto circles, gaining more fans and adopters. With the dawning of the GENIUS Act, some even think it’s set for a Cinderella-ish transformation. And who better to declare this than John Deaton, listing RLUSD among the big winners of said legislation. Could this be the dawn of a new RLUSD fairy tale? 🏰

Only time will tell, folks. Until then, keep your eye on RLUSD-it might just surprise us all. 🤞

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2025-08-21 12:32