Rippleโ€™s new stablecoin, RLUSD, is gaining serious traction ๐Ÿš€. In just seven months, itโ€™s reached a $500M circulating supply with around $26M in daily trading volume, according to CoinGecko ๐Ÿ“ˆ. It now ranks among the top 20 USD-backed stablecoins ๐Ÿ’ต.

Meanwhile, Ripple is actively pursuing a U.S. bank charter ๐Ÿ›๏ธโ€”a move that could position RLUSD as a major competitor to $USDC under federal regulation โš–๏ธ.

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$XRP