Ripple's stablecoin RLUSD has overtaken PayPal's PYUSD in market capitalization, rising to become the world's seventh-largest stablecoin.
According to data from CoinGecko and DeFiLlama, RLUSD had a market capitalization of about $2.71 billion on November 12, compared with about $2.67 billion for PYUSD. As of November 14, DeFiLlama data showed RLUSD at about $2.78 billion and PYUSD at about $2.6 billion, with RLUSD still in the lead.
Over the past 30 days, the supply of RLUSD increased by about $258 million, while PYUSD's supply contracted. RLUSD launched in December 2024, with a market capitalization of about $1.34 billion at the start of the year. Currently, about one-third of its supply (approximately $874 million) is on the XRP Ledger.
Note that the gap between the two is only about $40 million. Rankings are based on daily data and may fluctuate with issuance and redemptions.
$BTC $ETH $XRP
According to data from CoinGecko and DeFiLlama, RLUSD had a market capitalization of about $2.71 billion on November 12, compared with about $2.67 billion for PYUSD. As of November 14, DeFiLlama data showed RLUSD at about $2.78 billion and PYUSD at about $2.6 billion, with RLUSD still in the lead.
Over the past 30 days, the supply of RLUSD increased by about $258 million, while PYUSD's supply contracted. RLUSD launched in December 2024, with a market capitalization of about $1.34 billion at the start of the year. Currently, about one-third of its supply (approximately $874 million) is on the XRP Ledger.
Note that the gap between the two is only about $40 million. Rankings are based on daily data and may fluctuate with issuance and redemptions.
$BTC $ETH $XRP
