Ripple USD Surpasses $1.64B in Market Cap, Gains Traction on Gate.io

XRP-0.83%
BTC-0.63%
ETH-0.79%

According to CoinGecko, Ripple USD (RLUSD) surpassed $1.64 billion in market capitalization recently, with daily trading volume reaching $71.3 million.

On June 15, Ripple announced RLUSD's launch on Gate.io, introducing XRP/RLUSD trading pairs alongside Bitcoin, Ethereum, and USDT. According to DeFiLlama data, RLUSD now controls roughly 98% of XRPL stablecoin liquidity, with Q1 transfer volume exceeding $26 billion.

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