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Ripple’s stablecoin RLUSD—a type of cryptocurrency whose value is designed to stay in line with the U.S. dollar ... While Tether’s USDT has attracted a market cap of $137 billion, PayPal’s ...
Ripple's RLUSD stablecoin will launch on Dec. 17, 2024. (Illustration by Fortune Staff) ... But 90% of the market is dominated by two major players: Tether’s USDT and Circle’s USDC. Unlike ...
Competing with the duopoly that dominates the stablecoin market won't be easy for Ripple's new coin on the block: among the top 10 stablecoins by market capitalization, half have accrued under $1 ...
Ripple’s dollar-backed stablecoin, known as RLUSD, launched today on several global crypto exchanges. RLUSD is now available on Bitso, Uphold, CoinMENA, MoonPay, and Archax with other listings ...
The stablecoin market is worth over $200 billion and is expected to grow to $2.8 trillion by 2028, according to Bernstein Research. Because stablecoins offer low volatility and fast settlement ...
USD Coin (USDC) is a cryptocurrency stablecoin which is issued by Circle. It is pegged to the United States dollar , and is distinct from a central bank digital currency (CBDC). [ 1 ]
(Reuters) - Crypto firm Ripple launched a stablecoin pegged to the U.S. dollar on Tuesday, looking to disrupt a market in which the top two incumbents account for nearly 90% of the value.
The stablecoin industry has grown rapidly since 2014, reaching a market capitalization of $172 billion, but USDC and USDT dominate the space. Even PayPal , which launched its stablecoin in 2023 ...
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