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RLUSD priceCoinGape
•Business
Business & Economics
64% Informative
Ripple's RLUSD stablecoin hit $ 1,200 on DEX due to early supply shortages before market stabilization.
Ripple CTO David Schwartz has clarified that these fluctuations are attributed to limited supply and heightened demand during the early phase of the stablecoin’s release.
Schwartz emphasized that the inflated valuation stems from market tools that reflect the highest price bidders are willing to pay.
He reiterated that these prices will revert to $ 1 once supply meets demand.
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