Ripple USD Stablecoin Dethrones Bitcoin Satoshi Vision in Major Crypto Top
Main Idea
Ripple's USD stablecoin (RLUSD) has surpassed Bitcoin SV (BSV) in market capitalization, ranking 116th with $557.7 million, while BSV dropped to 117th due to a 4.45% decline.
Key Points
1. RLUSD's market cap reached $557.7 million, overtaking BSV, which fell to 117th place after a 4.45% drop in 24 hours.
2. RLUSD maintained its $1.00 peg, with $512 million in 24-hour trading volume—nine times higher than BSV's $58 million.
3. BNY Mellon, the oldest U.S. bank, is custodian for RLUSD's reserves, reinforcing its credibility.
4. JPMorgan projects the stablecoin market will double or triple by 2028, though it considers the $2 trillion forecast overly ambitious.
5. RLUSD recently crossed a $500 million market cap among USD-pegged stablecoins, reflecting strong demand.
Description
Ripple stablecoin RLUSD overtakes major Bitcoin fork in elite crypto top
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