RLUSD Stablecoin Surges in Trading Volume, Outpacing Competitors
Ripple's RLUSD stablecoin has seen impressive growth, surging by 1,566% in 24-hour trading volume, outpacing competitors like PayPal’s PYUSD and Circle’s EURC. Despite a smaller market cap of $53.1 million, RLUSD’s performance signals a growing market presence. Ripple's strategic control over token supply has helped maintain stability and prevent volatility. While RLUSD is rapidly gaining traction, its effect on XRP's price remains limited. As RLUSD continues to gain popularity, it could become a strong competitor in the stablecoin market.
2025-01-06Read