The cryptocurrency market recently took a hit, ending a period of price increases across various digital assets. This shift came in the wake of Ripple's introduction of its RLUSD stablecoin. As a direct result, XRP, Ripple's native cryptocurrency, experienced a steep decline in value, dropping by 15%. This development underscores the significant impact that new stablecoin launches can have on the market dynamics, particularly on related cryptocurrencies like XRP.
