Ripple’s RLUSD Adds $765.3 Million in 90-Day Stablecoin Comparison
Circle gained $915 million over the same period, while RLUSD held 0.8% of stablecoin supply in the snapshot.
Ripple USD (RLUSD) added $765.3 million in market capitalization in a 90-day stablecoin issuer comparison, placing it behind Circle’s $915 million gain and ahead of United Stables’ $474.2 million increase.
RLUSD’s share of stablecoin supply was 0.8% in the comparison’s snapshot, compared with 61% for Tether’s USDT and 0.5% for United Stables.
RLUSD also added 23,600 holder addresses and ranked among the top 10 stablecoins by holder growth. Holder addresses count blockchain accounts associated with the token.
As of Sept. 24, RLUSD had $2.409 billion in circulating supply and $2.5315 billion in reserve funds. Circulating supply and reserves are separate measures.
Standard Custody issues RLUSD under supervision by the New York State Department of Financial Services. Ripple publishes monthly reserve reports reviewed by an independent accounting firm.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.