In this age of digital trickery, the RLUSD stablecoin from Ripple dances like a bear on hot coals, gaining the market’s giddy attention. The February report, a testament to its growth, reads like a novel of financial alchemy.
Jack McDonald, the grand poobah of Ripple’s stablecoin realm, took to Twitter to trumpet the attestation’s arrival. His words, like seeds in the wind, spread the tale of RLUSD’s swelling market cap.
Over $170 million, the cap has swelled, like a balloon in the hands of a clown at a children’s party, exceeding even the wildest dreams of Ripple’s seers. RLUSD has found new homes on exchanges, including LMAX, with more suitors lining up like geese in a row.
Since its December debut, RLUSD has been the belle of the ball, waltzing onto platforms like Uphold, MoonPay, and others, leaving a trail of digital glitter in its wake.
Use cases for this stablecoin have blossomed like weeds in a neglected garden. From DeFi liquidity pools to the noble halls of NGOs, RLUSD is the chameleon of currency, adapting to any role with a wink and a nod.
In just a day, the minting presses have churned out 17 million tokens, as if printing tickets to the greatest show on earth.
The Feb monthly independent attestation for $RLUSD is live 👇
Market cap (~$170M) is outpacing our internal projections – we expect to be a top 5 stablecoin by EOY 🔥
RLUSD is available on new exchanges including @LMAX with more to come…
New use cases are continuing to…— Jack McDonald (@_JackMcDonald_) March 28, 2025
McDonald, with the confidence of a magician pulling a rabbit from a hat, predicts RLUSD will join the stablecoin elite by year’s end. CEO Brad Garlinghouse echoes this prophecy, as if the future is a book they’ve already read.
In a Bloomberg interview, Garlinghouse, with the SEC’s appeal abandoned like a sinking ship, foresees a stablecoin market that will grow like a weed in an untended garden. RLUSD, he says, will be among the tallest.
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2025-03-29 19:09