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Crypto

Ripple Backs RLUSD Credit Fund Amid XRP Price Surge

Guavy AI Editorial Team
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XRP LUSD
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Ripple has announced its support for an RLUSD credit fund, which aligns with its strategy to deepen RLUSD's role in institutional finance.

The RLUSD stablecoin is pegged to the US dollar and fully backed by cash and equivalents. Ripple aims to expand RLUSD into credit-market infrastructure, building on existing partnerships and pilots.

XRP experienced a significant gain, reaching approximately $1.27, marking a 25.7% increase over the past week.

The timing of these announcements suggests that Ripple's strategic moves in institutional finance may be contributing to the renewed interest in XRP.

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