As Ripple continues to push its native stablecoin, RLUSD, to gain recognition across the global space amid multiple developments, the asset has maintained consistent growth since its emergence.
Since it was launched in late 2024, RLUSD has emerged to become one of the fastest-growing stablecoins across the crypto ecosystem as it continues to see increasing demand.
RLUSD unlocks new supply level
Following the consistent demand for the Ripple-issued stablecoin, the asset has just surpassed a major milestone in its total market supply.
Per the latest data provided by CoinMarketCap, the stablecoin now boasts a total supply of 2,520,234,035.02 RLUSD, marking a substantial increase from the level it was at last month.
Meanwhile, the market capitalization of RLUSD has also reached a new milestone at $2,520,303,254.33, matching its fully diluted valuation.
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It is important to note that this milestone has come at a time when RLUSD is seeing increased demand from crypto users as sentiment begins to flip positively.
As such, the stablecoin saw its 24-hour trading volume surge substantially, reaching $253.5 million as of September 30. This marks an increase of 22.72% over the last day.
RLUSD holder count expands alongside supply
Following the rapid RLUSD growth, there are now over 2.52 billion RLUSD tokens currently in circulation, allowing users more access to leverage its expanding features.
While the data signals active participation in the RLUSD ecosystem, the stablecoin now boasts over 12,650 holders within just about two years of launch.
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