Ripple's RLUSD Stablecoin Gains Traction in Early Market Debut

📆 2024/12/25 0:32:00
📰 Utoday_en

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Stablecoin,Ripple,RLUSD

Ripple's recently launched stablecoin, RLUSD, is showing promising growth just a week after its debut on both Ethereum and XRP Ledger blockchains. While still far from major players like USDC and USDT, RLUSD has already entered the top 20 stablecoins with a market cap of $53 million and growing trading volume. The company aims for a larger share of the stablecoin market, projected to reach $2.8 trillion by 2028, highlighting the potential for this sector despite recent challenges and risks.

stablecoin has been on the market for almost a week now, and its progress is growing by the day. Launched on Dec. 18 on both the Ethereum and XRP Ledger blockchains, the dollar-pegged stablecoin's market cap currently stands at $53.06 million, giving RLUSD a 3,032, according to CoinMarketCap's ranking.Interestingly, it was 3,321 just four days ago and 3,187 just this morning.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

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