Ripple’s RLUSD Stablecoin Could Enter Top 5 by 2025, Says Analyst
- RLUSD’s February attestation highlighted the stablecoin’s achievements.
- Crypto experts were impressed by RLUSD’s recent growth.
- RLUSD needs a 13x growth to become a top 5 stablecoin.
Ripple’s stablecoin, RLUSD, recently caught attention following positive growth metrics detailed in its February monthly attestation report. That report showed RLUSD’s market cap reached approximately $170 million.
This figure reportedly surpassed internal projections at the crypto custodian Standard Custody, prompting its CEO to forecast that RLUSD could potentially become a top 5 stablecoin by market cap by the end of 2025. Analysts now assess the factors supporting this potential growth trajectory.
What Factors Support RLUSD’s Growth Trajectory?
Several elements could contribute to RLUSD’s expansion, according to analysis shared by the Standard Custody CEO. The stablecoin is now available on additional exchanges, citing LMAX Group as one example providing wider accessibility.
Related: RLUSD Takes Off on XRP Ledger as USDT Faces Europe Delistings
RLUSD has also found utility within Decent…
The post Ripple’s RLUSD Stablecoin Could Enter Top 5 by 2025, Says Analyst appeared first on Coin Edition.
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Ripple’s RLUSD Stablecoin Could Enter Top 5 by 2025, Says Analyst
- RLUSD’s February attestation highlighted the stablecoin’s achievements.
- Crypto experts were impressed by RLUSD’s recent growth.
- RLUSD needs a 13x growth to become a top 5 stablecoin.
Ripple’s stablecoin, RLUSD, recently caught attention following positive growth metrics detailed in its February monthly attestation report. That report showed RLUSD’s market cap reached approximately $170 million.
This figure reportedly surpassed internal projections at the crypto custodian Standard Custody, prompting its CEO to forecast that RLUSD could potentially become a top 5 stablecoin by market cap by the end of 2025. Analysts now assess the factors supporting this potential growth trajectory.
What Factors Support RLUSD’s Growth Trajectory?
Several elements could contribute to RLUSD’s expansion, according to analysis shared by the Standard Custody CEO. The stablecoin is now available on additional exchanges, citing LMAX Group as one example providing wider accessibility.
Related: RLUSD Takes Off on XRP Ledger as USDT Faces Europe Delistings
RLUSD has also found utility within Decent…
The post Ripple’s RLUSD Stablecoin Could Enter Top 5 by 2025, Says Analyst appeared first on Coin Edition.
Read More