RLUSD, Ripple Labs’ stablecoin, is making significant strides in the stablecoin market. In a surprising performance, RLUSD has surpassed its main competitors, PayPal's PYUSD and Circle's EURC, in terms of 24-hour trading volume.
This achievement is noteworthy given RLUSD's relative newness compared to its peers. The stablecoin's remarkable growth trajectory indicates its potential to capture more market share expressively.
Ripple Labs is clearly leveraging its expertise in blockchain technology to propel RLUSD into the forefront of the digital payments space.
