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Ripple’s dollar-backed stablecoin takes off
But can it keep its $1 promise?

GM Explorer,
After navigating regulatory hurdles, overcoming launch delays, and securing approval from the New York Department of Financial Services, Ripple has officially launched its dollar-backed stablecoin, RLUSD!
With eyes set on toppling stablecoin giants like Tether (USDT) and Circle’s USDC, the big question remains: Can RLUSD live up to the hype?
Here’s what we got for you today:
🚀 Ripple’s RLUSD Stablecoin Launches!
📈 Bitcoin Eyes $120K Amid Santa Rally!
🧱 Around the Block: Coinbase ranks fifth globally in exchange revenue, surpassing Nasdaq and CBOE.

🚀 Ripple’s RLUSD Stablecoin Launches!

Ripple has just made waves with the dazzling debut of its highly anticipated dollar-backed stablecoin, RLUSD!
Officially launched on December 17th, RLUSD is now making headlines as it trades on prominent crypto platforms like Bitso, Uphold, MoonPay, CoinMENA, and Archax—with even more exchanges preparing to jump on board.
So, what is RLUSD all about?
As a stablecoin, it’s designed to mirror the U.S. dollar’s value (you know, just like a solid stablecoin should). But in true crypto fashion, there was a bit of drama from the get-go.
On its launch day on MoonPay, RLUSD was trading at a surprising $1.50 instead of a steady $1. Not exactly the stability one expects, right?
Well, Ripple’s CTO, David Schwartz, was quick to foresee this hiccup.
He warned about potential early supply shortages that could lead to some price fluctuations but assured everyone that things would stabilize soon enough.
But that wasn’t even the craziest part!
Before the official launch, some overly thrilled Ripple enthusiasts went absolutely wild, bidding as high as $1,200 per RLUSD token on Xaman, an XRP Ledger wallet. Talk about raising eyebrows!
Some called it FOMO, but honestly, it feels like a brand-new level of hype!
Now, let’s dig into what makes RLUSD special.
This versatile stablecoin isn’t just all talk—it supports both the Ethereum blockchain and Ripple’s XRP Ledger.
It’s backed by the New York Department of Financial Services and is geared up for instant payments, crypto on/off ramps, and even tokenized assets.
And there’s more!
Ripple plans to weave RLUSD into DeFi platforms and roll out collateralization features, making it an indispensable tool for businesses and investors alike.
Jack McDonald, Ripple’s SVP of stablecoins, termed the launch as “mile 1 of the marathon,” signaling exciting developments on the horizon.
Meanwhile, XRP, Ripple’s native token managed to steal some of the spotlight.
Since RLUSD hit the scene, XRP has surged by 4%, skyrocketed 27% in the past week, and astonishingly climbed 141% in just one month.
The big question now is: can RLUSD live up to the hype and deliver the stability it promises without any more drama?
You can catch all the details here!

📈 Bitcoin Eyes $120K Amid Santa Rally

Santa’s coming early for Bitcoin holders! With BTC smashing past $106,000 and targeting $120K, this December is shaping up to be a gift for bulls.
The seasonal “Santa Claus Rally” is in full swing, and Bitcoin (BTC) is leading the charge.
Historically, December has been a winning month for Bitcoin, closing in the green six out of the last eight years.
Gains have ranged from 8% to a massive 46%, like in the standout year of 2020.
So, what’s driving this year’s bullish momentum?
Recent catalysts include growing speculation about U.S. President-elect Donald Trump creating a federal Bitcoin reserve and crypto heavyweights like MicroStrategy and Riot Platforms making multi-billion-dollar BTC buys.
Price action is looking strong, too. Bitcoin’s higher lows and recent bull flag formations suggest the rally still has legs.
Many traders are now eyeing the $120,000 mark for this holiday season, with even loftier targets ahead.
Jeff Mei, COO at BTSE, is optimistic about BTC’s long-term potential.
“Bitcoin could easily hit $125K by 2025”, Mei shared, highlighting institutional adoption with Trump’s pro-crypto stance and global economic trends as key drivers.
With BTC surging and institutional interest heating up, Bitcoin’s Santa rally could be just the beginning.
But will it hit $120K this month? Only time will tell, but one thing’s for sure—the bulls are firmly in control.
Don’t miss the latest on Bitcoin’s rally! Stay updated here.

🧱 Around The Block
Bitcoin Founder Satoshi Nakamoto Overtakes Michael Bloomberg as 16th richest person in the world even closed in on Bill Gates.
Bitcoin crushes Gold Ceiling: 1 BTC equals 39 ounces.
Coinbase ranks fifth globally in exchange revenue, surpassing Nasdaq and CBOE.
Coinbase reveals 18% YoY drop in law enforcement requests.
Revolut plans to strengthen Crypto fraud protections with added security.
Bloomberg analysts expect 'a wave of cryptocurrency ETFs' next year, including Solana and XRP funds.
DNA Holdings launches blockchain investment platform with Chintai Nexus.
That's all we've got for you today.
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