In a remarkable achievement, RLUSD has quickly risen to prominence in the stablecoin market, reaching a significant milestone in under a year. According to the results published in the material, this rapid growth highlights the increasing demand for compliant digital currencies in the evolving financial landscape.
RLUSD Market Capitalization Reaches $1.3 Billion
According to data from CoinGecko, RLUSD has attained a market capitalization of $1.3 billion, making it the third-largest stablecoin among US-regulated options. This surge in popularity is attributed to its alignment with the GENIUS Act, which emphasizes regulatory compliance in the cryptocurrency space.
Significant Growth in Circulating Supply
In November alone, RLUSD's circulating supply increased by an impressive 28%, propelling it past the billion-dollar mark. This growth positions RLUSD just behind Circle's USDC and PayPal's PYUSD in the rankings of US-regulated dollar tokens, showcasing its competitive edge in a rapidly evolving market.
As RLUSD continues to make headlines in the stablecoin market, analysts have recently shared insights on SWFTCoin's future price movements. For more details, see price predictions.
