Ripple’s RLUSD Hits $2.69, Continues in Market Capitalization

Ripple has continued to post substantial growth in the stablecoin ecosystem, outpacing major stablecoin issuers as its native stablecoin RLUSD is also seeing a corresponding increase in its market capitalization. Per the latest data from CoinMarketCap, RLUSD has surged to over $2.69 billion in market capitalization as of November 13, placing it among the largest stablecoin projects in the global crypto market. Following the substantial increase in RLUSD’s market capitalization over the last 24 hours, RLUSD now sits as the seventh-largest stablecoin by market capitalization across the globe. Following this impressive growth, RLUSD now ranks above PayPal USD (PYUSD), whose market capitalization stands at about $2.67 billion as of the same period.

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