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Ripple's RLUSD flips PayPal's PYUSD in market capitalization

Ripple's RLUSD stablecoin has surpassed PayPal's PYUSD to reach a $2.70 billion market capitalization, supported by new exchange integrations including Coinbase.

A CoinGecko stablecoins leaderboard table showing Ripple USD ranking above PayPal USD by market capitalization.
Image: @cryptodotnews

Ripple's USD-pegged stablecoin, RLUSD, has moved ahead of PayPal's PYUSD in total market value, according to CoinGecko metrics shared by crypto.news and BSCNews. The data shows RLUSD reaching a market capitalization of just over $2.70 billion ($2,700,548,286), edging out PYUSD, which stood at approximately $2.67 billion ($2,669,309,936). Trader Scott Melker also reported the milestone, citing RLUSD overtaking PYUSD as its valuation reached $2.69 billion.[1][2][3]

CoinGecko's stablecoin leaderboard positions RLUSD in seventh place, trailing Tether ($175.57 billion), USDC ($69.15 billion), USDS ($8.59 billion), Ethena USDe ($4.93 billion), Dai ($4.46 billion), and USD1 ($3.14 billion). While crypto.news noted that the milestone places RLUSD among the seven largest USD-backed stablecoins, XRP Ledger validator Vet stated that the asset now ranks among the five largest USD-backed stablecoins. CoinGecko's dashboard also recorded 24-hour trading volume of approximately $149.9 million for RLUSD, more than double PYUSD's $61.9 million.[1][3]

RLUSD's expansion follows multiple institutional partnerships and platform listings, according to BSCNews. Its latest rollout on Coinbase expanded access for both institutional and retail market participants.[1]

Key facts

  • Ripple's RLUSD reached a market capitalization of $2,700,548,286, overtaking PayPal's PYUSD at $2,669,309,936, according to CoinGecko data.
  • CoinGecko's stablecoin rankings show RLUSD in seventh place, behind Tether, USDC, USDS, Ethena USDe, Dai, and USD1.
  • XRP Ledger validator Vet claimed RLUSD ranks among the five largest USD-backed stablecoins, whereas crypto.news placed it among the top seven based on CoinGecko data.
  • RLUSD generated roughly $149.9 million in 24-hour trading volume, compared to about $61.9 million for PYUSD.
  • BSCNews reported that RLUSD's recent growth has been driven by institutional partnerships and an integration with Coinbase for retail and institutional customers.

Sources · 3 sources

  1. BS

    BSCN@BSCNewsPost on X ·

    Ripple Stablecoin Overtakes Paypal's PYUSD Ripple's (@Ripple) $RLUSD has overtaken PayPal's $PYUSD, reaching a $2.70 billion market cap, per Coingecko. The stablecoin now ranks among the five largest USD-backed stablecoins, according to XRP Ledger (@XRP) $XRP validator Vet. RLUSD's growth follows several institutional partnerships and exchange integrations. Its latest integration with Coinbase expands access for retail and institutional customers.

    Open source
  2. TW

    The Wolf Of All Streets@scottmelkerPost on X ·

    RIPPLE'S $RLUSD OVERTAKES PAYPAL'S $PYUSD IN STABLECOIN MARKET CAP AT $2.69B https://t.co/ZcH5sFT1KS

    Open source
  3. CN

    crypto.news@cryptodotnewsPost on X ·

    JUST IN: Ripple's $RLUSD overtakes PayPal's $PYUSD with a $2.7B market cap The milestone puts $RLUSD among the seven largest USD-backed stablecoins, according to CoinGecko data. https://t.co/6yMdq1dIeO

    Open source