IS RIPPLE STABLE COIN A GAME CHANGER ??(RLUSD)
Shortly after its launch, the stablecoin briefly started trading at roughly $1.68 due to significant demand as well as a supply shortage. However, its price stabilized, as expected, in a relatively short period of time. Tether (USDT), a juggernaut with a $140 billion market cap, is the biggest stablecoin by a huge margin. Circle's USDC comes in second place with $42.8 billion. Ethena USDe (USDE), a synthetic stablecoin that is powered by the Ethereum blockchain, is in third place with $5.9 billion.
In order to appear among the top 10 biggest stablecoins, RLUSD's market cap would need to surpass half a billion dollars.
RLUSD has been pitched as a fully regulated stablecoin, which is supposed to set it apart from some other competitors.
Recently, SWIFT veteran Andre Casterman described $XRP (RLUSD) as a game changer for the cross-border payments sector.