Ripple (XRP) eyes further gains after Senator Bill Hagerty stated that the GENIUS stablecoin act will be passed next week, which may bode for US native stablecoins such as RLUSD. If RLUSD grows as a result of friendly stablecoin regulations and attains half of Tether’s $150 billion market cap, what would be the impact on XRP price? Ripple trades at $2.37 today after a 1.35% decline in 24 hours. Trading volumes were also down by 37% in 24 hours, according to data from CoinMarketCap. XRP Price If RLUSD Hits $75B Market Cap Ripple’s RLUSD currently has a market cap of $313 million, and 2.66K holders. At press time, the dollar-pegged stablecoin posted $61 million in intraday trading volumes, significantly lower than Tether’s volumes of $54 billion. RLUSD Stablecoin However, RLUSD is about to gain a competitive edge over Tether’s USDT and likely support an XRP price recovery. US Senator Bill… Read More at Coingape.com
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