$XRP/$RLUSD Gap Reaches 105% as AI Wallets Favor R-LUSD Over XRP
A trend is emerging among AI wallets on XRPL that has pushed the $XRP/$RLUSD gap to 105%.
According to data, in the past seven days, there have been 554,007 transactions involving $XRP, but only 209 of those transactions resulted in the actual spending of XRP. Instead, these AI wallets are using XRPL to purchase fiat-denominated R-LUSD at current prices.
This trend is not a one-off event, as data suggests that this is a consistent pattern rather than an anomaly.