RLUSD Market Cap Surges Past $1 Billion

Ripple's dollar-pegged stablecoin RLUSD has experienced rapid growth this year. According to RWA.xyz data, its market capitalization increased by over $1 billion, making it the third-fastest growing stablecoin.

RLUSD surpassed $2 billion in market cap last month and has continued to grow, reaching a current value of about $2.423 billion, according to DefiLlama.

The majority of RLUSD's supply is circulating on either Ethereum or the XRP Ledger, with approximately $1.37 billion and $1.053 billion respectively.