- $ 700 million milestone
- Top 5 remains out of reach
Enterprise Blockchain Company Ripple has coined 10 million additional tokens, according to the most recent data.
This is the first coinage event that has been recorded so far during September.
Before this, Ripple issued 15 million additional tokens on August 29.
Last August, the company coined a total of 60 million tokens, with the vast majority of these tokens launched in the Ethereum Network. At the same time, 20 million RLUSD tokens (permanently eliminated from circulation) were burned during the same period of time, which means there were 40 million additional rlusd tokens.
$ 700 million milestone
According to Coingcko data, RLUSD market capitalization is currently $ 711 million.
Ripple needed a little more than a month to add 200 million additional tokens. As Reported by U.TODAYThe highly regulated stable, which was initially launched in December, managed to exceed $ 500 million in total assets at the end of July.
Top 5 remains out of reach
As reported by U.TODAY, Ripple executives have repeatedly declared that they had the objective of achieving the first 5 of the largest stabilizations by the end of the current year.
However, this objective is still far -fetched for the stablecoin despite the last except for Ripple.
RLUSD is on the way to record Pax Gold (PAXG), which currently has a market capitalization of $ 1 billion.
Ripple Stablecoin will also have to catch up with PayPal Pyusd, which currently has a market capitalization of almost $ 1.2 billion.
After this, Rlusd would have to overcome six more stable to enter the Top 5, which does not seem feasible in 2025.
