The trading volume of RLUSD reached 420 million US dollars in the past 24 hours, far exceeding PYUSD and EURC

According to CoinGecko data, Ripple's stablecoin RLUSD has a market capitalization of 72.3 million USD, with a 24-hour trading volume reaching 420 million USD, ranking only after USDT, USDC and FDUSD among stablecoins.

In comparison, Paypal's stablecoin PYUSD has a market cap of 491.72 million USD and a 24-hour trading volume of 20.455 million USD. Additionally, Circle's stablecoin EURC has a market cap of 82.43 million USD and a trading volume of 11.59 million over the past day.

Based on insights from XPMarkets data, RLUSD total user count is at around 7,600 which is higher than the initial count of about one thousand users within the first twenty-four hours following its launch in December of year2024; it now ranks as the thirteenth largest asset by market value on XRP Ledger.

Previously on December18th news reported that Ripple’s Stable coin RLUSD had officially launched.