Summary
- Ripple’s stablecoin RLUSD supply increased by 32.3% in July.
- RLUSD's supply has surpassed $600 million, making it the second largest growth following Ethena Labs' USDe.
- RLUSD has been experiencing steady growth since May.
The supply of Ripple’s stablecoin RLUSD saw a significant increase last month.
According to Cryptoslate on the 8th (local time), the supply of RLUSD surpassed $600 million in July, marking a 32.3% increase compared to the previous month. This represents the second largest growth after Ethena Labs' USDe.
RLUSD has continued its strong growth trend since May. As of the end of May, its market cap stood at $309 million, and by the end of June, it had surged by over 47% to $455.3 million.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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