Ripple Stablecoin RLUSD Tops $500 Million Valuation in Seven Months
The post Ripple Stablecoin RLUSD Tops $500 Million Valuation in Seven Months appeared on BitcoinEthereumNews.com. Ripple’s U.S. dollar-pegged stablecoin, RLUSD, has surpassed a market capitalization of roughly $500 million 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. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/markets/ripple-stablecoin-rlusd-tops-500-million-valuation-seven-months-7b98e3be
The post Ripple Stablecoin RLUSD Tops $500 Million Valuation in Seven Months appeared on BitcoinEthereumNews.com.
Ripple’s U.S. dollar-pegged stablecoin, RLUSD, has surpassed a market capitalization of roughly $500 million 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. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/markets/ripple-stablecoin-rlusd-tops-500-million-valuation-seven-months-7b98e3be
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