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Title: Here’s How to Track Ripple USD (RLUSD) Metrics
As we explore the rapidly evolving landscape of stablecoins, it’s essential to keep an eye on the market capitalization figures of various tokens. According to our latest research, Tether (USDT), with a staggering $140 billion market cap, remains the largest stablecoin by a significant margin.
In second place, we find Circle’s USDC with a market cap of around $42.8 billion. Meanwhile, Ethena USDe (USDE) has taken the third spot with approximately $5.9 billion in circulation.
It’s worth noting that Ripple USD (RLUSD), a fully regulated stablecoin, would need to surpass half a billion dollars to even be considered among the top 10 biggest stablecoins.
This significant gap emphasizes the enormity of the challenge RLUSD faces in order to gain traction and compete with the established giants.
Source: u.today
