New Delhi, July 18 -- XRP, the third largest cryptocurrency in the world, scaled a fresh peak on Thursday after the US House of Representatives passed three major bills paving way to regularise stablecoins.

XRP, the native token of the XRP Ledger, shot up to above the $3.5 level in the later hours of the US House session, rallying 14 per cent in 24 hours, according to CoinDesk data. The crypto coin also topped the $200 billion mark in market capitalisation, the data showed.

The bullish run of XRP made the crypto coin surge past the record $3.4 mark from early 2018, CoinGecko data shows.

(This is a developing story. Check back for updates)

Published by HT Digital Content Services with permission from MINT....