RLUSD, the stablecoin created by Ripple, has officially entered the top 100 cryptocurrencies according to CoinMarketCap. With a market capitalization of $687.7 million and a circulating supply of 687.95 million tokens, RLUSD is experiencing significant growth in just its early stages. The coin has established active markets on platforms like Bitstamp, Kraken, and Bullish while also gaining traction on decentralized exchanges such as Curve and Uniswap. Notably, the XRP and USDC pairs have become the most liquid trading venues, contributing to RLUSD’s impressive market penetration. Despite being a newcomer, RLUSD is already challenging established stablecoins like PayPal’s PYUSD and other projects in the field.