According to CoinGecko data, Ripple's stablecoin RLUSD has a market value of $72.3 million and a 24-hour trading volume of $420 million, second only to USDT, USDC and FDUSD among stablecoins.
In comparison, Paypal's stablecoin PYUSD has a market value of $491.72 million and a 24-hour trading volume of $20.455 million. In addition, Circle's stablecoin EURC has a market value of $82.43 million and a 24-hour trading volume of $11.59 million.
According to XPMarkets data insights, RLUSD has a total of 7,600 users, up from 1,000 24 hours after its launch in December 2024, and is now the 13th largest asset by market value on the XRP Ledger.
Earlier on December 18, Ripple's stablecoin RLUSD is now officially online.