Rippleโs new stablecoin, RLUSD, is gaining serious traction ๐. In just seven months, itโs reached a $500M circulating supply with around $26M in daily trading volume, according to CoinGecko ๐. It now ranks among the top 20 USD-backed stablecoins ๐ต.
Meanwhile, Ripple is actively pursuing a U.S. bank charter ๐๏ธโa move that could position RLUSD as a major competitor to $USDC under federal regulation โ๏ธ.
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