The market value of RLUSD stablecoins issued by Ripple exceeded US$500 million."
Internet reports that the circulation of RLUSD, the U.S. dollar stable coin issued by Ripple, has exceeded US$500 million in seven months since its launch. According to CoinGecko, the product is issued on XRP Ledger and Ethereum and ranks among the top 20 dollar stablecoins, with a daily trading volume of approximately US$26 million. Ripple's RLUSD stablecoin will be launched in December 2024. It is pegged to the U.S. dollar 1:1 and backed by cash, cash equivalents and short-term U.S. Treasuries.
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