Ripple’s RLUSD Emerges as Market Leader in Stablecoin Efficiency
Ripple’s RLUSD stablecoin is making waves in the crypto market, with analysts pointing to its exceptional capital efficiency.
According to Vet, an XRPL validator, RLUSD currently outperforms all other stablecoins in terms of its volume-to-total value locked (TVL) ratio, standing at an impressive 37%.
Data from CoinMarketCap’s 24-hour volume-to-market cap index further reinforces RLUSD’s dominance. The stablecoin recorded a ratio of 39.49%, surpassing Tether’s 36.45%, while USDC and PayPalUSD lagged behind at 15.02% and 6.76%, respectively. Since its December 2024 launch, RLUSD’s market capitalization has climbed past $193.67 million, exceeding Ripple’s internal expectations.
Ripple executive Jack McDonald recently reaffirmed the company’s projection that RLUSD could rank among the top five stablecoins by the end of the year, echoing a forecast made earlier by Ripple CEO Brad Garlinghouse.
Investor interest in RLUSD is surging, with its trading volume spiking 220% in the past 24 hours to reach $81.2 million, per CoinMarketCap data. This surge comes amid broader market fluctuations, with Bitcoin slipping 1.81% to $81,985 early Monday, while XRP and Cardano’s ADA posted significant losses of over 7%. Meanwhile, Solana (SOL), Dogecoin (DOGE), and Ether (ETH) saw declines ranging from 2% to 3%.
Stablecoins, designed to maintain a steady value pegged to assets like the US dollar, continue to play a critical role in crypto trading and cross-border transactions. Their growing adoption highlights their value not just for traders but also for businesses seeking efficient digital payment solutions.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
