Ripple stablecoin RLUSD market capitalization exceeds 1 billion USD

robot
Abstract generation in progress

According to Mars Finance news, as reported by CoinDesk, the USD stablecoin RLUSD issued by Ripple has surpassed a market capitalization of $1 billion within less than a year of its launch, ranking 10th among USD stablecoins. The token is issued by Standard Custody & Trust Company, with reserves in USD and short-term US Treasuries, and it has been integrated into Ripple's payment and liquidity system. The current circulating supply is approximately $819 million in Ethereum and $203 million in XRP Ledger; Ripple claims to have processed nearly $100 billion in total payments, with RLUSD being the primary settlement stablecoin.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)