Ripple has continued to post substantial growth in the stablecoin ecosystem, outpacing major stablecoin issuers as its native stablecoin RLUSD is also seeing a corresponding increase in its market capitalization.
Per the latest data from CoinMarketCap, RLUSD has surged to over $2.69 billion in market capitalization as of November 13, placing it among the largest stablecoin projects in the global crypto market.
RLUSD outperforms PayPal
Following the substantial increase in RLUSD’s market capitalization over the last 24 hours, RLUSD now sits as the seventh-largest stablecoin by market capitalization across the globe.
Following this impressive growth, RLUSD now ranks above PayPal USD (PYUSD), whose market capitalization stands at about $2.67 billion as of the same period.
While RLUSD has continued to post unmatched growth since it launched in late 2024, this further positions the asset as a strong competitor in the stablecoin market.
With Ripple’s unrelenting commitment to expanding its presence in the stablecoin market and across the global space, this growth marks a major milestone for the firm as it tends to also strengthen RLUSD’s role in digital payments and blockchain services.
RLUSD sees rapid growth in just two years
RLUSD’s surge to over $2.69 billion in market capitalization has drawn attention across the crypto market as it highlights its growing adoption since it launched in December 2024.
The stablecoin has continued to attract substantial interest as it is designed to support payments, liquidity, and other financial activities across the XRP Ledger and Ethereum networks.
With its latest market capitalization, it is evident that the demand for Ripple's dollar-pegged token has continued to grow.