Ripple’s RLUSD Flips Major Stablecoins in This Key Metric: Details
The post Ripple’s RLUSD Flips Major Stablecoins in This Key Metric: Details appeared on BitcoinEthereumNews.com.
In a recent tweet, Vet, an XRPL dUNL validator, highlighted Ripple USD stablecoin RLUSD’s lead over other stablecoins. In a tweet, Vet stated that “RLUSD is the most capital-efficient stablecoin in the entire crypto market currently. It has the highest volume-to-TVL ratio at 37%. Leaving the other top stablecoins far behind.” $RLUSD is the most capital efficient stablecoin in whole crypto currently. It has the highest volume to TVL ratio with 37%. Leaving other top stable coins far behind: Paypal USD – 6.5%Circle USDC – 14.26% DAI – 2.27%Ethena USD – 2.1 % Tether USDT closely behind with 34%. pic.twitter.com/WzoypucCcs — Vet (@Vet_X0) March 31, 2025 Utilizing CoinMarketCap’s volume/market cap (24-hour) index, Ripple USD (RLUSD) recorded 39.49%, outperforming other stablecoins; Tether reported 36.45%, while USDC and PayPalUSD showed 15.02% and 6.76%, respectively. RLUSD’s market capitalization has increased since launching in December 2024, reaching more than $193.67 million, according to CoinMarketCap. Related This is outpacing internal projections, according to Ripple executive Jack McDonald, who shared a general expectation by the Ripple team that RLUSD would become one of the top five stablecoins by the end of the year, reiterating the prediction made earlier this month by Ripple CEO Brad Garlinghouse. RLUSD skyrockets 220% in volumes RLUSD stablecoin has seen a 220% increase in trading volumes in the last 24 hours, reaching $81.2 million, according to CoinMarketCap, as interest in the digital asset grows. The increase comes as the broader cryptocurrency market experiences volatility, with several crypto assets in the red. Related Bitcoin was down 1.81% in the previous 24 hours to $81,985 in early Monday session; XRP and Cardano’s ADA led big losses, dropping more than 7% in the last 24 hours, while Solana’s SOL, Dogecoin (DOGE) and Ether (ETH) plummeted 2% to 3%. Stablecoins are cryptocurrencies that aim to maintain…
Filed under: News - @ March 31, 2025 7:26 pm