Ripple’s RLUSD surpasses PayPal’s PYUSD as seventh-largest stablecoin

Ripple ’s U.S.-dollar stablecoin, RLUSD, has overtaken PayPal’s PYUSD to become the seventh-largest stablecoin by market capitalization. Recent data places RLUSD at approximately $2.7 billion, slightly ahead of PYUSD’s $2.6 billion. This development marks a significant milestone for Ripple, reflecting a shift in market positioning. RLUSD’s growth has been notable since its global launch in December 2024, with its market cap nearly doubling over the past two years. The crossover in rankings between RLUSD and PYUSD appears to be driven by changes in circulating supply rather than outright payment or settlement activity. Markets are now closely monitoring the implications of this shift, particularly for Ripple’s broader ecosystem, including XRP. The impact on XRP’s price is a key consideration, as market participants assess potential ripple effects from RLUSD’s rising prominence.

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