10,000,000 RLUSD Minted as Stablecoin Passes New Milestone
Main Idea
Ripple's stablecoin RLUSD has reached a new milestone with 10 million tokens minted and a market cap surpassing $600 million, though it still trails behind other major stablecoins.
Key Points
1. 10 million RLUSD tokens were minted on the Ethereum blockchain, pushing its market cap above $600 million.
2. RLUSD was recently named the most trusted stablecoin by the independent rating agency Bluechip.
3. RLUSD is close to entering the top 100 cryptocurrencies but is not yet among the top 15 stablecoins by market cap.
4. Ripple aims for RLUSD to eventually rank among the top 5 stablecoins, but this goal remains distant as it trails competitors like USDX, XAUT, and PYUSD.
5. Bank of New York Mellon Corporation has shown involvement with RLUSD, indicating institutional interest.
Description
Ripple's stablecoin has surpassed $600 million in market cap
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