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Cryptocurrency News Articles
Ripple's Upcoming RLUSD Stablecoin Is Attracting Bids of Upto 836 XRP ($2068) on Onchain Marketplaces Ahead of Its Tuesday Release
Dec 17, 2024 at 10:01 am
These bids range from 500 XRP ($1237) to as much as 836 XRP ($2068) as of Asian morning hours on Tuesday, CoinDesk viewed on the Xaman application.
Ahead of its Tuesday release, Ripple’s upcoming RLUSD stablecoin is attracting bids of up to 836 XRP ($2,068) on on-chain marketplaces, hinting at the enthusiasm among some crypto enthusiasts to be the first to hold the token.
These bids range from 500 XRP ($1,237) to as high as 836 XRP ($2,068) as of Asian morning hours on Tuesday, CoinDesk observed on the Xaman application. Each XRP is changing hands for just under $2.5, data shows.
“There actually is someone willing to pay $1,200/RLUSD for a tiny fraction of one RLUSD,” Ripple Labs CTO David Schwartz said in a Monday post. “Tools will show you the highest price anyone is willing to pay, even if it’s just for a tiny bit. Maybe someone wants the ‘honor’ of buying the first bit of RLUSD on the DEX.”
“But rest assured, the price will come back to very close to $1 as soon
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