Stablecoin Market Hits All-Time High: Will Ripple's RLUSD Shine?
According to DefiLlama’s stablecoin statistics, the global stablecoin market cap has hit a new all-time high of $280.47 billion. According to DefiLlama, Tether (USDT) continues to dominate the market, with a market cap of $167.3 billion. USD Coin (USDC) takes the second spot, trailing behind with a market cap of $69.1 billion. Let’s discuss if Ripple’s RLUSD will shine under the growing interest in stablecoins. Source: DefiLlama Will Ripple’s RLUSD Stablecoin Pick Up Steam? Stablecoins have become a cornerstone of the crypto industry. The number of people opting for fiat currency-pegged cryptocurrencies has drastically increased over the last few years. Ripple’s RLUSD is one of the latest dollar-pegged coins to enter the market. According to DefiLlama, Ripple’s RLUSD stablecoin is currently the 13th largest stablecoin project by market cap. RLUSD currently boasts a market cap of $687.61 million. Source: DefiLlama President Trump signed the GENIUS stab...