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Ripple USD (RLUSD) becomes 104th in Global Crypto List, Overtaking Zcash

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by Giorgi Kostiuk

14 hours ago

Ripple USD (RLUSD), a dollar-pegged stablecoin, has reached the 104th place in the global cryptocurrency rankings, surpassing Zcash (ZEC) in market capitalization.

Achievements of Ripple USD

Ripple USD's market capitalization has reached $602.6 million, while Zcash has dropped to the 106th spot after a nearly 12% decline over the past week.

Comparison with Other Stablecoins

Ripple USD shows growth with daily trading volume exceeding $35.8 million. The stablecoin is close in market capitalization to PayPal USD and First Digital USD, highlighting that the Ripple project is becoming more significant.

Market Trends in Cryptocurrencies

The declining interest in traditional privacy coins like Zcash is also impacting market dynamics. While ZEC costs $36, RLUSD continues to occupy more active positions due to its stability and consistent growth.

In conclusion, Ripple USD demonstrates significant growth and competitiveness in the stablecoin market, potentially entering the list of the top 100 cryptocurrencies soon.

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