Compass Investments

Crypto vs. Dollar

📌 Donald Trump’s Whale Effect for RLUSD and XRP.

According to a new report from CryptoQuant, RLSUD trading volumes are on the rise, a major shift in the stablecoin market. Last year, there were few trades of the asset on the Ethereum network, typically below $1,000. During the same period, the cryptocurrency market saw a surge in whale activity, mostly in other stablecoins such as USDT and USDC. . Ethereum

– According to a new report from CryptoQuant, RLSUD trading volumes are on the rise, a major shift in the stablecoin market. Last year, there were few trades of the asset on the Ethereum network, typically below $1,000. During the same period, the cryptocurrency market saw a surge in whale activity, mostly in other stablecoins such as USDT and USDC.

However, between January 7 and January 15, cryptocurrency companies operating on the blockchain noted a shift, while smaller players slowed down. The number of cryptocurrencies on the network increased from 10 percent to 10 percent. On the Ethereum network, the number of transactions worth $100,000 to $1 million or more has skyrocketed, with RLUSD taking a significant market share.

Stablecoin is seen as a gateway asset for institutional investors to access markets and decentralized finance. In addition to bitcoin (BTC), most large clients challenge the Stablecoin market and typically purchase other assets. As a result, traders evaluate their participation based on the trading volume of stablecoins on various networks and crypto exchanges.

This shift indicates the growing participation of larger players such as institutional investors and high net worth individuals. This trend indicates that the RLUSD market is growing and trading may become more stable and convenient as more large players and mid-sized traders participate,’ CryptoQuant added.

Most commentators believe the increase in volume is due to the USDT facing regulatory uncertainty in Europe a few weeks ago. The sharp rise in XRP over the past 30 days has also added momentum.

Cryptoassets, including stablecoins, have seen a surge in funding following the US election in November 2024. Donald Trump’s victory has sparked a new wave of institutional and individual investors. The need to create pro-market rules, especially for stable coins, is coming to the forefront. The move to similar regulations such as Markets in Cryptoassets Regulation (MiCA) will spur innovation in the industry.

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