RLUSD Stablecoin Reaches $2 Billion Market Cap, Gaining Ground on XRP

Ripple's RLUSD stablecoin has seen significant growth in recent months, reaching a market cap of $2 billion in August.

Data from the XRPL AI Hub shows that AI-run wallets on the XRP Ledger have increasingly used RLUSD for payments, processing over 554,000 transactions in one week while spending only 209 XRP, versus 602 RLUSD. At XRP's price of around $1.40 at the time, this comes close to $293 in XRP compared to $602 in RLUSD.

This suggests that for AI-driven micropayments, price stability matters more than volatility. However, it's still too soon to say for sure, as XRP remains the main asset on the XRP Ledger and has certain roles that RLUSD can't replicate.