Ripple’s USD-pegged stablecoin, RLUSD, has seen a surge in popularity, as its February attestation report highlights impressive growth. 📈
Jack McDonald, SVP of Stablecoins at Ripple, shared the results, noting that the market cap for RLUSD now exceeds $170 million, exceeding internal projections.
This recent success is being driven by new listings on popular exchanges such as LMAX and more are expected to join soon. 🤝
Additionally, RLUSD has found wider use cases within DeFi, facilitating smoother charitable giving through NGOs, and recently saw a resurgence in minting activity with 17 million tokens minted at the RLUSD Treasury.
Ripple’s CEO, Brad Garlinghouse, previously shared his prediction of RLUSD becoming one of the top five stablecoins by the end of the year. This aligns with McDonald’s recent statements regarding the coin’s positive trajectory.