Ripple's RLUSD Hits $2.49B, Closing In on PayPal's PYUSD
- —RLUSD hit a record $2.49 billion, adding $82.1 million in a day
- —PayPal's PYUSD fell to $2.74 billion, down 22% year-to-date
- —The gap between RLUSD and PYUSD narrowed to about $248 million
- —Over the past week RLUSD gained $112 million while PYUSD lost $61 million
Why it matters: RLUSD is strengthening its position in the $306 billion stablecoin market dominated by USDT and USDC and could overtake PYUSD soon.
Source: Bitcoin.com