Most of Ripple’s own stablecoin lives on Ethereum
$879 million of the $1.63 billion worth of tokens in circulation sits on Ethereum versus $760 million on the XRP Ledger.
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$879 million of the $1.63 billion worth of tokens in circulation sits on Ethereum versus $760 million on the XRP Ledger.
Read more (3 min) →Crypto exchanges report around $55M in RLUSD volume over the last 24 hours — 99.4% less than Circle’s $9.8B for its much larger USDC.
Despite excellent political and banking conditions for stablecoins, PayPal’s PYUSD and Ripple’s RLUSD are still less than 1% of the market.
The billionaire-backed Ripple USD (RLUSD) has failed to capture even 0.05% of the stablecoin sector’s market capitalization.