PiCK
"Ripple's RLUSD, Once Highly Anticipated, Holds Only 0.04% of Stablecoin Market Share"
Summary
- Ripple's RLUSD reportedly holds only 0.04% of the stablecoin market share.
- The market capitalization of RLUSD is about $75 million, significantly lagging behind its major competitor, Tether.
- RLUSD is traded on only a few exchanges, which has led to its lack of popularity in the market.
It has been observed that Ripple's stablecoin RLUSD, which was highly anticipated, has not gained significant popularity in the market.
On the 13th, the cryptocurrency-focused media Protos.com reported, "The stablecoin RLUSD, which garnered much anticipation from the industry, has not gained significant popularity since its launch in mid-December last year," adding, "RLUSD holds a 0.04% share in the stablecoin market." On this day, RLUSD's market capitalization was about $75 million, far behind Tether (USDT)'s market capitalization of approximately $137 billion.
The media analyzed, "RLUSD is traded on only a few exchanges," and "it seems that not being listed on major cryptocurrency exchanges has failed to attract attention."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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