The market cap of Ripple USD (RLUSD) has reached $100 million in just over a month. Jack McDonald, SVP of stablecoins at Ripple, revealed that their reserves for RLUSD exceed the total supply of the stablecoin by $6 million. RLUSD is currently available on platforms such as Bitstamp, Bitso, and Bullish, with more platforms expected to be added soon. However, RLUSD still has a long way to go to catch up to market leaders like Tether (USDT) with a market cap of nearly $140 billion and Circle's USDC with a market cap of $53 billion. McDonald had previously predicted that 2025 would be the "year of the stablecoin."



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