Bitcoin24h $93,788.94-2.50%

Ethereum24h $1,787.63-2.82%

XRP24h $2.14-2.77%

BNB24h $585.31-2.43%

Solana24h $143.21-2.66%

Dogecoin24h $0.1698-3.71%

Cardano24h $0.6710-5.21%

TRON24h $0.2467+0.05%

Sui24h $3.23-0.97%

Chainlink24h $13.85-2.99%

Circle wants its USDC payments network to be the Ripple killer

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.

Ripple dumps XRP to pump RLUSD — still 0.2% the size of USDT

Ripple is selling over a billion dollars worth of cash, equity, and XRP tokens to fund an acquisition that it hopes will boost RLUSD volumes.

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.