Jul 9, 10:42 AM

Ripple Stablecoin RLUSD Tops $500 Million Valuation in Seven Months

Ripple’s U.S. dollar-pegged stablecoin, RLUSD, has surpassed a market capitalization of roughly $500 million, less than seven months after its debut, according to blockchain data cited on 9 July. The token, issued on the Ethereum network, has become one of the fastest-growing new stablecoins this year, underscoring early demand for additional dollar-backed options beyond market leaders such as Tether’s USDT and Circle’s USDC. Analysts said the milestone positions RLUSD to compete more aggressively for market share in the $160 billion stablecoin sector and could bolster Ripple’s broader push to expand its presence in dollar-denominated on-chain payments.

#Ripple #Ethereum #Tether #Circle

Written with ChatGPT .

Sources

Token Terminal 📊@tokenterminal
10 months ago
ICYMI: @Ripple's RLUSD on @ethereum surpassed $400m in supply. https://t.co/3xR3rdCe99
Crypto Town Hall@Crypto_TownHall
10 months ago
RIPPLE’S RLUSD STABLECOIN SURPASSES $500M MARKET CAP IN SEVEN MONTHS Ripple’s RLUSD has reached a $500 million market cap less than seven months after its launch, showing strong early growth and adoption. This milestone positions RLUSD as a rising competitor in the rapidly https://t.co/JdJrEtsnPE https://t.co/KZc3T14c8W
BecauseBitcoin.com@BecauseBitcoin
10 months ago
[THE BLOCK] Ripple’s RLUSD stablecoin hits $500 million market cap within seven months of launch $RLUSD $XRP

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Ripple Stablecoin RLUSD Tops $500 Million Valuation in Seven Months

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