RLUSD's trading volume in the past 24 hours reached $420 million, far exceeding PYUSD and EURC

According to CoinGecko data, the market value of Ripple's stablecoin RLUSD is $72.3 million, with a 24-hour trading volume of $420 million, ranking behind only USDT, USDC, and FDUSD among stablecoins.

In comparison, the market value of Paypal's stablecoin PYUSD is $491.72 million, with a 24-hour trading volume of $20.455 million. In addition, Circle's stablecoin EURC has a market value of $82.43 million and a 24-hour trading volume of $11.59 million.

According to XPMarkets data, the total number of RLUSD users is 7,600, which is higher than the 1,000 users within 24 hours of its launch in December 2024. RLUSD is now the 13th largest asset on the XRP Ledger by market value.

Earlier on December 18, Ripple's stablecoin RLUSD was officially launched.