According to Jack McDonald, the Ripple stablecoin executive, RLUSD has surpassed a $1.75 billion market capitalization and is approaching $2 billion in under 1.5 years.
RLUSD, a stablecoin (cryptocurrency designed to hold a fixed value), has exceeded a $1.75 billion market capitalization and is nearing $2 billion less than 1.5 years after launch, according to Jack McDonald, a Ripple stablecoin executive. The update points to rapid scale in the token’s circulating value, a closely watched metric for stablecoins because it reflects issuance growth and market adoption.