U.Today and CoinTurk News EN report different RLUSD and PYUSD market capitalization figures than Crypto Economy, citing different data providers for the same period.
What all sources agree on
- RLUSD was launched in December 2024.
- RLUSD's supply is approaching $1 billion on the XRP Ledger.
- A 40 million RLUSD/$40 million issuance occurred.
- RLUSD is described as competing with or challenging PayPal USD (PYUSD).
- Ripple has made corporate acquisitions to expand its infrastructure.
Where the reports disagree
1RLUSD market capitalization figure
RLUSD's market capitalization has climbed to an impressive $2.035 billion, CoinGecko data shows.
Ripple's U.S. dollar-pegged stablecoin, RLUSD, has reached a market capitalization of $2.035 billion, according to recent CoinGecko data.
RLUSD's market capitalization reached $1.56 billion with 1.55 billion tokens in circulation, according to CoinMarketCap data.
What would settle it: A snapshot of RLUSD's on-chain circulating supply and its official issuer attestation for the stated date.
2PayPal USD (PYUSD) market capitalization figure
The latter currently has a market capitalization of approximately $2.87 billion with a lead of less than $1 billion over RLUSD.
Presently, PayPal's PYUSD stands at a capitalization of around $2.87 billion, holding less than a $1 billion advantage over RLUSD.
Data from the analytics platform DeFiLlama shows that PYUSD grew its market capitalization from $1.28 billion in September to $3.8 billion after expanding across networks like Solana and Arbitrum.
What would settle it: PayPal's own PYUSD circulating supply disclosures or a cross-check of on-chain PYUSD token contracts across all networks.
What to make of it
Treat RLUSD's launch date, its approach to $1 billion in supply on the XRP Ledger, and the $40 million issuance as established; do not rely on any single market-cap figure for RLUSD or PYUSD until the underlying data-provider methodology (CoinGecko vs. CoinMarketCap/DeFiLlama) is reconciled.
Treat RLUSD's launch date, its approach to $1 billion in supply on the XRP Ledger, and the $40 million issuance as established; do not rely on any single market-cap figure for RLUSD or PYUSD until the underlying data-provider methodology (CoinGecko vs. CoinMarketCap/DeFiLlama) is reconciled.