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Why XRP Holders Should Pay Attention to These Statistics
And anyone interested in important stablecoin data.
Non-members of Medium can read the story here for free.
While most attention is on the price performance of BTC and major altcoins, people often disregard important stablecoin trends and statistics.
In this case, I am focusing on a hypothetical milestone involving Ripple USD (RLUSD). Launched in December, it is the first stablecoin released on the XRP Ledger and was long overdue.
What am I referring to?
When RLUSD’s market cap matches, or comes within a billion dollars of reaching USDC, the second-largest stablecoin behind Tether USD, a.k.a. USDT.
Wishful thinking, but hear me out.
Here is where all three digital assets stand:
- USDT: $147 billion market cap
- USDC: $62 billion
- RLUSD: $317 million
Even though RLUSD is a drop in the bucket compared to its competitors, it’s heading in the right direction, and many are banking on big things.
