The article discusses the lack of success for Ripple's RLUSD and PayPal's PYUSD stablecoins, despite a favorable political environment for stablecoins in the US. RLUSD has struggled to gain market share and faced concerns about maintaining its $1 peg. PYUSD also has failed to gain traction despite integration into various platforms. In contrast, offshore stablecoins like Tether's USDT and others have maintained market dominance.



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