XRP is gaining traction among businesses, originally designed for institutional use, despite facing challenges from stablecoins and regulatory hurdles that impede its broader adoption. The cryptocurrency was created to facilitate transactions for institutions, but its growth has been met with significant obstacles. Stablecoins, which are gaining popularity, present competition that could limit XRP’s market share. Additionally, regulatory issues continue to pose significant barriers, making it difficult for XRP to achieve widespread acceptance. These challenges highlight the complex landscape in which XRP operates, as it seeks to expand its use among businesses.
