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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Ripple's RLUSD became the fastest growing stablecoin in June.
Gate News bot news, Ripple's RLUSD stablecoin is experiencing rapid momentum, becoming one of the fastest-growing assets in the Crypto Assets field. According to data from DeFillama, the circulating supply of RLUSD increased by 47% in June, reaching 455 million USD, with approximately 390 million USD on the Ethereum network and about 65 million USD on Ripple's XRP ledger.
One of the key factors driving this growth is the passage of the U.S. GENIUS Act, which provides clear regulatory guidance for stablecoins. Additionally, Ripple's enhanced regulatory status with the U.S. Securities and Exchange Commission (SEC) has also increased the appeal of RLUSD. Ripple launched RLUSD in December 2024, aiming to meet regulatory standards and provide global access.
RLUSD has also received approval from the Dubai Financial Services Authority, expanding its application in the region.