Ripple USD Stablecoin, RLUSD, is gaining a large traction on the market, where the recently witnessed February report has highlighted.
In a tweet, Jack McDonaldSVP of Stablecoins at Ripple said that RLUSD is direct, move forward to share the outstanding points in the recently released report.
RLUSD has seen an increase in the market, which amounted to more than $ 170 million, which exceeds internal expectations, according to Riple Executive. RLUSD also recorded new exchange lists with Stablecoin now available on new platforms, including LMAX, with more lists expected soon.
RLUSD first appeared in December 2024 on many stock exchanges and encryption platforms, including sticking, moonpay, archax and Coinmena, with lists on Bitso, Bullish, BitStamp, Mercado Bitcoin, Independent Reservate and Zero.
Ripple stablecoin has also expanded, where RLUSD is integrated into Defi liquidity pools and used by NGOs to simplify charitable giving.
The last 24 hours have seen a return in RLUSD with 17 million distinct codes in the RLUSD.
RLUSD prediction
In a tweet, McDonald Repeat an emphasis on the bold prediction regarding RLUSD, as it is in line with a previous statement by the CEO of Ripple.
February independently witnessed $ RLUSD It is living
– The ceiling of the market (about $ 170 million) exceeds our internal expectations- We expect to be the best 5 stablecoin by Eoy
– RLUSD is available in new exchanges, including LMAX With more in the future …
– New use cases are continuing in …Jack McDonald (_jackmcdonald_) March 28, 2025
McDonald has shared a general expectation by the Ripple team that RLUSD would become one of the best five Stablecoins by the end of the year, repeating the assertion of predicting earlier this month by the CEO of Ripple Brad Garlinghouse.
Related
In an interview with Bloomberg, shortly after SEC abandoning its attractiveness in the Ripple case, Garinghouse said he expected RLUSD to be one of the best five stablecoins by the end of the year and that the total Stablecoin market will grow dramatically.
