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Analysis indicates: The $1.34 billion stablecoin base on XRPL does not directly reflect XRP demand.
CryptoSlate analysis indicates that the total value of stablecoins tracked on XRPL reached $1.338 billion on October 7, but this figure does not directly reflect the actual demand for XRP. XRP demand is primarily driven by network fees and account reserves, while larger-scale demand depends on the choice of bridging routes and balances held in liquidity or credit products.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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