Ripple (XRP) has generated interest among derivatives traders as the payment remittance firm tests its stablecoin Ripple USD (RUSD).
XRP open interest hit a peak of $1 billion on Sunday and decreased since then, down to $846 million on Wednesday. Ripple Labs tests its stablecoin RLUSD, minting large volumes of the asset and fueling interest among market participants. XRP steadies around support at $0.6000 and trades positive on the day. Ripple has generated interest among derivatives traders as the payment remittance firm tests its stablecoin Ripple USD .
According to data from Coinalyze, open interest in XRP jumped to a peak of $1 billion on Sunday. Since then, it corrected to $846 million on Wednesday. XRP Futures Open Interest While Ripple stablecoin tests are underway, the payment remittance firm is working with regulators to obtain relevant licenses to drive the adoption of the financial services infrastructure. Ripple announced on Tuesday that the firm received a financial services license from the Dubai Financial Services Authority .
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