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Ripple Floods Market with 23M RLUSD—Stablecoin Arms Race Heats Up
Ripple Floods Market with 23M RLUSD—Stablecoin Arms Race Heats Up
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Ripple just fired the latest salvo in the stablecoin wars, minting a fresh 23 million RLUSD tokens overnight. The move signals an aggressive liquidity push as regulators worldwide sharpen their knives.
Why this matters: Stablecoins have become the plumbing of crypto’s financial system—and everyone wants control of the pipes. Ripple’s play comes as Tether and Circle dominate 90% of the market (and 100% of regulatory headaches).
The cynical take: Another day, another tokenized IOU from a company that still can’t decide if it’s a blockchain firm or a payments startup. But in today’s yield-starved markets, even synthetic dollars get a hero’s welcome.
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