Ripple stablecoin RLUSD market cap surpasses $1 billion
According to Jinse Finance, citing CoinDesk, the market capitalization of RLUSD, the USD stablecoin issued by Ripple, has surpassed $1 billion in less than a year since its launch, ranking it as the 10th largest USD stablecoin. The token is issued by Standard Custody & Trust Company, with reserves in US dollars and short-term US Treasury bonds, and has already been integrated into Ripple's payment and liquidity system. The current circulating supply is approximately $819 million on Ethereum and $203 million on XRPLedger. Ripple stated that it has processed nearly $100 billion in cumulative payments, with RLUSD serving as the main settlement stablecoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin price has fallen below the 365-day moving average
Court Dismisses Prisoner's $354 Million Bitcoin Claim
