Crypto
XRP's Price Rebound Meets $1.126 Billion Stablecoin Boom
XRP's recent price rebound has brought its market value under scrutiny, particularly within the context of the $1.126 billion stablecoin boom on the XRP Ledger.
The network's decentralized-exchange volume surged by 152.1% over the latest complete 30-day window, reaching $253.1 million, more than double the preceding period.
A snapshot taken on September 11 revealed that XRP traded near $1.32 after losing about 8.7% over seven days.
The stablecoin series tracked by DefiLlama rose from $921.9 million on August 12 to $1.126 billion on September 11, a 22.2% increase.