Why Ripple RLUSD Volume Surged 170% in the Last 24 Hours?

Ripple’s $RLUSD stablecoin has experienced an extraordinary 170% surge in trading volume over the past 24 hours, pushing its market cap to $53 million. This surge occurs amid growing uncertainty surrounding Tether’s $USDT due to the European Union’s MiCA regulatory compliance deadline, which could potentially lead to $USDT’s discontinuation in the region. $RLUSD’s rise as a viable alternative makes this development particularly significant for the crypto market.