Ripple's RLUSD Hits $2.4B Market Cap, Up Over 50% in a Month
- —RLUSD market cap reached ~$2.4B, up more than 50% in a month
- —Average daily activity has more than tripled since the start of the year
- —Reserves of $2.53B versus $2.41B in circulating tokens as of September 24
- —About $1.37B of RLUSD on Ethereum and $1.05B on the XRP Ledger
Why it matters: RLUSD's growth adds liquidity and settlement activity across Ethereum and XRPL, but does not by itself guarantee higher demand or price for XRP.
Source: 99Bitcoins