"Ripple's RLUSD, Once Highly Anticipated, Holds Only 0.04% of Stablecoin Market Share"

Image = Ripple Labs

It has been observed that Ripple's stablecoin RLUSD, which was highly anticipated, has not gained significant popularity in the market.

On the 13th, the cryptocurrency-focused media Protos.com reported, "The stablecoin RLUSD, which garnered much anticipation from the industry, has not gained significant popularity since its launch in mid-December last year," adding, "RLUSD holds a 0.04% share in the stablecoin market." On this day, RLUSD's market capitalization was about $75 million, far behind Tether (USDT)'s market capitalization of approximately $137 billion.

The media analyzed, "RLUSD is traded on only a few exchanges," and "it seems that not being listed on major cryptocurrency exchanges has failed to attract attention."