Add as a preferred source on GoogleRipple USD Leads PayPal USD by About $74 Million in Nov. 13 Reading
PYUSD’s circulating supply fell about $99.46 million in 24 hours, while RLUSD’s was nearly unchanged. RLUSD circulation rose about $70.63 million over seven days.
Ripple USD (RLUSD) held a roughly $74 million market-cap lead over PayPal USD (PYUSD) in a Nov. 13 reading, extending the ranking shift seen in an earlier snapshot.
RLUSD’s circulating market capitalization was about $2.702 billion, compared with about $2.628 billion for PYUSD. The difference between the rounded figures was roughly $74 million.
PYUSD’s circulating supply fell about $99.46 million over the previous 24 hours, while RLUSD’s was nearly unchanged. Over the previous seven days, RLUSD circulation rose about $70.63 million.
An earlier snapshot on Nov. 12 put RLUSD at $2.71 billion and PYUSD at $2.67 billion, a lead of about $40 million.
RLUSD and PYUSD are dollar-pegged tokens. A token’s market-cap total reflects its price and the amount in circulation. With both tokens near $1, changes in circulation can shift their market-cap ranking, which does not measure payment or settlement activity.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.