The RLUSD stablecoin from Ripple, with a market capitalization of $687.7 million, has entered the top 100 cryptocurrencies. It is rapidly gaining popularity, indicating its increasing significance in the crypto ecosystem.
RLUSD in the Top 100 Cryptocurrencies
RLUSD has secured a place among the 100 largest cryptocurrencies while maintaining a stable price of $1. Currently, 687.95 million tokens have been issued, with a trading volume of over $95 million in the last 24 hours.
Growth of Ripple's Ecosystem and RLUSD
RLUSD is being actively integrated into the Ripple ecosystem, driving its growth. Currently, it ranks alongside PayPal's PYUSD, which has a market capitalization of $1.15 billion. Despite the leading position of USDT, RLUSD shows rapid development.
Gemini's Expansion of Ripple Partnership
Crypto exchange Gemini is strengthening its partnership with Ripple by establishing RLUSD as a base currency for trading. Additionally, it has launched the XRP Rewards credit card, offering cashback in XRP for U.S. customers.
Ripple's RLUSD continues to show impressive growth and strengthened market presence. With the expansion of Ripple's ecosystem and new partnerships, its popularity is likely to increase.
