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Ripple’s RLUSD stablecoin crosses $3 trillion in trading within a month

Ripple’s RLUSD stablecoin crosses $3 trillion in trading within a month
The stablecoin Ripple USD (RLUSD) has rapidly gained traction in the market, surpassing $3.02 trillion in total trading activity just over a month after its debut on centralized exchanges. In January alone, RLUSD recorded $2.84 trillion in trading volume, making it the fourth-largest stablecoin by trading volume. The majority of RLUSD trading activity takes place on the Bullish exchange, accounting for 85.7% of its volume. Despite the strong start to the year, stablecoin trading volumes on centralized exchanges seem to be declining. Meanwhile, Solana has emerged as a major player in the stablecoin ecosystem, with a record $11.1 billion in stablecoin supply on its network.

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