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Benzinga
Benzinga
Business
Murtuza J Merchant

XRP Eyes $2.40 As Ripple's RLUSD Stablecoin Smashes $500M Market Cap

Ripple United States XRP
Xrp,Logo,And,Coins,With,Focal,Length,Effect

Ripple's U.S. dollar-pegged stablecoin RLUSD has surpassed $500 million in circulation just seven months after launch, placing it among the top 20 dollar-denominated stablecoins in the market.

What Happened: The token, which operates on both the XRP (CRYPTO: XRP) Ledger and Ethereum (CRYPTO: ETH), sees average daily trading volumes around $26 million, according to CoinGecko data.

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