Ripple (XRP) RLUSD Stablecoin Hits $1.6 Billion and May Be Making the XRP Token Obsolete for Settlement

AI Briefing

• – Ripple's RLUSD stablecoin reaches $1.6 billion market cap, threatening XRP's bridge settlement use case.
• – RLUSD's growth may make XRP token obsolete for settlement transactions.
• – XRP's value and utility in the financial industry are being challenged by the success of Ripple's stablecoin.