Ripple (XRP) has experienced a notable price increase, trading above $0.5400 on October 16. This surge is primarily attributed to recent developments surrounding the Securities and Exchange Commission (SEC) lawsuit and the Ripple Swell conference.
Read MoreRipple has announced a significant development in the cryptocurrency space with the launch of beta testing for its new stablecoin, Ripple USD (RLUSD). This move marks a crucial milestone for Ripple, as it aims to enhance the XRP Ledger (XRPL) and Ethereum ecosystems by introducing high-quality assets that promise to drive new opportunities, liquidity, and institutional use cases.
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