Ripple's stablecoin RLUSD reaches a $500 million market capitalization within 7 months of its launch

BlockBeats News, July 9th, according to CoinGecko data, Ripple's USD stablecoin RLUSD has reached a market cap of 500 million USD within 7 months of its listing. The product is issued on the XRP Ledger and Ethereum, ranking among the top 20 USD stablecoins with a daily trading volume of approximately 26 million USD.