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.