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Weekend Highlights: Ripple, Cardano, and Bitcoin Insights

Explore the latest developments in Ripple's RLUSD, Cardano's governance update, and Bitcoin investment tips.
Published on 2024-12-30

Ripple's RLUSD Stablecoin Sees Remarkable Growth

Ripple's RLUSD stablecoin has demonstrated significant momentum with a 106% surge in trading volumes within a single day, achieving $39 million. This impressive growth is primarily driven by the RLUSD/USDC trading pair on the Bullish exchange, which accounts for more than half of the trading activity. Other notable pairs, such as BTC/RLUSD and XRP/RLUSD, also contribute to the overall trading volume. Launched on December 17, RLUSD is pegged to the U.S. dollar and is available on both the XRP Ledger and Ethereum networks. Its growing popularity highlights its potential in cross-border payments and decentralized banking.

Cardano's Year-End Governance Update

Cardano founder Charles Hoskinson has shared a pivotal update with ADA holders, emphasizing the importance of the governance workstream, CIP-1694, and the Cardano constitution. Initiated during the Age of Voltaire conference, this proposal outlines processes for decentralized governance. The action for the Cardano mainnet hard fork has been submitted on-chain, marking a critical step towards achieving full governance. This development underscores the inclusive and comprehensive nature of Cardano's governance efforts, engaging a wide range of stakeholders.

Bitcoin Investment Insights by Robert Kiyosaki

Renowned author Robert Kiyosaki continues to advocate for Bitcoin, suggesting that even buying a satoshi, the smallest unit of Bitcoin, could be a path to wealth. Highlighting Bitcoin's decentralized nature, Kiyosaki contrasts it with gold and warns of an impending global economic downturn. He suggests that while such a crash could be challenging, it could also present profitable opportunities for those who make informed financial decisions. Bitcoin, according to Kiyosaki, remains a crucial asset to consider during these uncertain times.

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