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Ripple USD (RLUSD) Breaks Major Supply Milestone
In a significant development, Ripple USD (RLUSD) has broken yet another supply milestone, solidifying its position as a strong competitor in the rapidly growing stablecoin market. With a market capitalization of $243 million, RLUSD is actively working to bridge the gap between itself and industry leaders USDT ($144 billion) and USDC ($60 billion).
As RLUSD continues to push forward, it appears that PayPal’s PYUSD is within its sights. With a current market cap of $720 million, PYUSD stands at an impressive $477 million away from RLUSD. This presents a prime opportunity for the Ripple ecosystem to aggressively pursue PYUSD and further solidify its presence in the stablecoin landscape.
Ripple CEO Brad Garlinghouse has previously stated that the company aims to become one among the top five elite stablecoins by 2025.
Source: https://u.today/ripple-usd-rlusd-breaks-major-supply-milestone
