Data: Ripple stablecoin RLUSD market capitalization exceeds 2 billion USD, XRP Ledger issuance close to 1 billion USD

According to CoinDesk, Ripple's stablecoin RLUSD has surpassed a market capitalization of $2 billion, becoming one of the fastest-growing projects in the stablecoin market. Data shows that the total issuance of RLUSD is currently around $2 billion, with approximately $963 million deployed on the XRP Ledger and about $1.1 billion issued on the Ethereum network.

Ripple previously stated that RLUSD will combine with its global payment network to provide more efficient on-chain liquidity solutions for businesses and financial institutions.