Ripple’s RLUSD Hits $2.69, Continues in Market Capitalization
Ripple's native stablecoin RLUSD has reached a market capitalization of $2.69 billion, becoming the seventh-largest stablecoin globally and surpassing PayPal USD (PYUSD).
The stablecoin has continued to attract substantial interest as it is designed to support payments, liquidity, and other financial activities across the XRP Ledger and Ethereum networks. With its latest market capitalization, it is evident that the demand for Ripple's dollar-pegged token has continued to grow.
Rapid Growth
Per the latest data from CoinMarketCap, RLUSD has surged to over $2.69 billion in market capitalization as of November 13, placing it among the largest stablecoin projects in the global crypto market. Following this impressive growth, RLUSD now ranks above PayPal USD (PYUSD), whose market capitalization stands at about $2.67 billion as of the same period.
Market Position
While RLUSD has continued to post unmatched growth since it launched in late 2024, this further positions the asset as a strong competitor in the stablecoin market. With Ripple's unrelenting commitment to expanding its presence in the stablecoin market and across the global space, this growth marks a major milestone for the firm as it tends to also strengthen RLUSD's role in digital payments and blockchain services.
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