Axelar Co-Founder: RLUSD Stablecoin Increases Demand for XRP

With Ripple (XRP) experiencing a historic rally on positive political news and new ecosystem developments, the RLUSD stablecoin is expected to increase demand for XRP in 2025.
On the 15th (local time), Georgios Axelar, co-founder of the open source interoperability platform,
Vlachos revealed that the upcoming RLUSD stablecoin will increase demand for XRP in 2025.
Vlachos explained that many people, including those in emerging countries, use stablecoins as a means of transactions and store of value. RLUSD transactions and transfers are primarily carried out through the XRPformer ledger and XRP
- The transaction will be processed on the EVM sidechain, which the company claims will increase demand for XRP. In an interview with Cointelegraph, the company also said, "When making such transfers,
"XRP holders will still benefit because they will pay for gas in XRP, and some XRP will be burned every time they make a transaction."
According to CoinMarketCap data, XRP’s maximum issuance was 100 billion tokens, with around 57 billion currently in circulation.
On December 3, 2024, XRP hit a seven-year high of around $2.90, but the Relative Strength Index (RSI) hit 95, indicating it was overbought, before falling to its current price level.
Despite the correction, several factors are keeping investor interest in XRP heading into 2025.
As of 11:40 a.m. on the 16th, XRP was down 0.46% from 24 hours ago on CoinMarketCap.
Meanwhile, XRP is trading at $2.42, down from the previous record high of $1.66. On the other hand, President-elect Trump's pro-cryptocurrency (virtual currency) remarks and expectations of a friendly regulatory environment for the cryptocurrency industry in the United States have led to a surge in the value of the cryptocurrency.
Along with other cryptocurrencies, it recorded historic price increases. On December 1, XRP overtook Solana to become the fourth-largest crypto asset by market capitalization.