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XRP Price Plunges Amidst Ripple's Launch of RLUSD Stablecoin Management Platform

Guavy AI Editorial Team
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XRP LUSD
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XRP's price fell by approximately 3% due to profit-taking, reaching $1.10.

This decline occurred as Ripple launched Ripple Mint, a unified platform for managing RLUSD stablecoin liquidity.

Ripple Mint provides institutions with a single interface for minting, redeeming, and managing RLUSD, streamlining the process and reducing complexity.

The new platform combines a web console with APIs, allowing exchanges, market makers, and fintechs to connect stablecoin flows directly into their systems.

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