Ripple Introduces RLUSD Stablecoin for Real-World Finance Integration

Ripple launched its own stablecoin project, RLUSD, on December 17, 2024, entering the competitive stablecoin market. RLUSD focuses on facilitating cross-border payments and adhering to regulatory standards, positioning itself as a strong contender to USDT’s dominance. According to DeFiLlama, an open-source platform for analyzing decentralized finance data, the stablecoin market boasts a total market capitalization of $242.93 billion, experiencing a substantial increase of $1 billion in recent times.