TREE NEWS reports: Ripple’s USD stablecoin RLUSD has reached a circulating market capitalization of about $2.702 billion, surpassing PayPal’s PYUSD at roughly $2.628 billion. PYUSD’s circulating supply fell by about $99.46 million over the past 24 hours while RLUSD was essentially flat, and RLUSD grew by about $70.63 million over the past seven days.
Ripple’s RLUSD stablecoin market cap overtakes PayPal’s PYUSD
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AI take
The flip is less about RLUSD's momentum than PYUSD's contraction: a near-$100 million single-day supply decline did most of the work, while RLUSD's weekly gain was comparatively modest. That distinction matters for anyone reading stablecoin rankings as a scoreboard of issuer strength, since supply can fall for reasons unrelated to competitive pressure. PYUSD's redemption pattern and whether RLUSD can extend gains without a rival's outflow are the open questions.
Generated by AI for reference only.
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