#ETH4500Next? Ripple RLUSD surpasses Zcash: The rise of a new institutional stablecoin?
Ripple USD (RLUSD) is gaining momentum in the world of digital currencies thanks to the recent adoption of the GENIUS law, which has renewed optimism in the market. According to the latest data, RLUSD has surpassed Zcash (ZEC) in terms of market capitalization, amid rising competition for dominance.
RLUSD has climbed to the 104th position among the largest digital currencies, surpassing Zcash with a market capitalization of $602.6 million, supported by an increase in adoption.
Zcash has fallen to the 106th position after a decline of 11% over seven days, trading significantly below key moving averages and its long-term highs.
Ripple USD ranks eighth among stablecoins, supported by institutional backing and an increasing trading volume of $35.8 million.
