Ripple’s Stablecoin Inches Closer To The $1 Billion Mark After New RLSUD Expansion

Ripple just announced a new partnership in Bahrain, agreeing to help expand the kingdom’s Web3 infrastructure with pilot projects, participation in industry events, and more.

This could be a golden opportunity for the firm to expand its RLUSD user base, which is still rather tiny. However, the stablecoin’s liquidity is growing quickly and could potentially reach the $1 billion mark soon.

Ripple has been making significant progress in expanding its RLUSD stablecoin recently; in the last few months, new partnerships have expanded its market access in Europe, East Asia, and across the African continent.

Today, Ripple is gaining further global exposure thanks to a new partnership in Bahrain:

Next up → the Kingdom of Bahrain.