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International Business Times
International Business Times
Business
Marvie Basilan

$XRP Returns To Top 3 As $RLUSD Trades Higher Than $USDT – Effect Of Upcoming 'Un-Tethering'?

Tether XRP Crypto European Union Ripple The European Union Bitcoin CoinGecko Europe MiCA
Ripple's $RLUSD stablecoin (Credit: Ripple on X / Video Screenshot)

KEY POINTS

  • $XRP surged above $2.40 Wednesday night as Ripple's $RLUSD stablecoin rounded up to $1
  • 'Un-Tethering' is a new term used by crypto users to describe the supposed upcoming delisting of $USDT on Europe-based crypto exchanges and platforms
  • The EU's MiCA is in full force, raising questions about $USDT's fate in the bloc over compliance issues
  • $RLUSD is a regulated stablecoin that's available on MoonPay, a MiCA-compliant crypto platform

XRP, which flipped Tether at the beginning of December to become the world's third largest cryptocurrency by market cap, has once again reclaimed the said spot, overtaking the USDT stablecoin's market value Wednesday night.

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