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As the broader cryptocurrency market experiences volatility, a peculiar phenomenon has taken place, with Ripple’s USD-pegged stablecoin, RLUSD, flipping major stablecoins in a crucial metric.
According to recent data, RLUSD has surpassed other prominent stablecoins in terms of its overall market capitalization. This development marks an unprecedented event, as RLUSD is the newly minted stablecoin from Ripple, which was introduced just recently.
RLUSD aims to maintain a one-to-one value with the US dollar, making it a highly attractive option for traders and businesses seeking reliable assets. The coin’s rapid growth in market capitalization underscores its potential impact on the broader cryptocurrency landscape.
Source: U.Today
Source: https://u.today/ripples-rlusd-flips-major-stablecoins-in-this-key-metric-details
