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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...

The Ripple market has been witnessing major changes. Ripple USD (RLUSD) has made its way into the stablecoin market. Supported by Ripple Labs, the business behind XRP and its payment systems, RLUSD seeks to offer a regulated and steady digital currency. The network’s cryptocurrency, XRP could benefit from the latest developments. Some believe that the asset could surge to $3. Amidst this, a few others were hoping XRP could maintain itself at its current price level. Also Read: India’s Upcoming Crypto Laws Could Reshape the Market—Here’s What’s Coming XRP’s Current Price Level Source: CoinMarketCap The XRP market recorded a notable spike over the past day. The altcoin was trading at $2.54, during price time after surging by 5.43% throughout the past 24 hours. The asset went from a low of $2.34 all the way to a high of $2.56. The asset’s monthly and weekly increases were also significant. XRP surged by 138% and 16% respectively. Despite its recent uptick, Ripple’s ...