The market cap of Ripple USD (RLUSD) has eclipsed $100 million
McDonald claims that RLUSD is over-reserved, meaning that Rippe's reserves exceed the total supply of the stablecoin. The company currently holds $6 million more in reserves.
"Ripple strictly maintains reserves of highly liquid, low-risk assets to ensure our ability to fully meet redemptions," McDonald said. reported by U.Today RLUSD is still very far from catching up with the current market leaders. The market cap of Tether is approaching $140 billion. Circle's USDC, which also places a strong emphasis on regulatory compliance, is worth $53 billion.
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