Competition in the stablecoin market is intensifying with the emergence of new entrants such as PayPal’s dollar-pegged stablecoin PayPal USD.
Ripple Labs has begun testing its dollar-pegged stablecoin Ripple USD (RLUSD) on the XRP Ledger and Ethereum, with plans to expand to more blockchains. Tether’s USDT remains the largest stablecoin with a market cap of over $118 billion, while Tether has also announced plans for a new stablecoin pegged to the UAE dirham (AED).
✅@wewantyouth
Ripple Labs has begun testing its dollar-pegged stablecoin Ripple USD (RLUSD) on the XRP Ledger and Ethereum, with plans to expand to more blockchains. Tether’s USDT remains the largest stablecoin with a market cap of over $118 billion, while Tether has also announced plans for a new stablecoin pegged to the UAE dirham (AED).
✅@wewantyouth