Ripple stablecoin RLUSD has surpassed a market capitalization of 1 billion USD, partnering with Mastercard to promote real-world applications.

Source: TokenPost Original Title: Ripple Stablecoin RLUSD, trading volume of $81 million… Market capitalization surpasses $1 billion in one year Original Link: Ripple's stablecoin RLUSD has achieved rapid growth a year after its launch, recently recording significant market performance. According to data, RLUSD currently has about 7,000 holders, with a 74% surge in 24-hour trading volume, reaching approximately $81 million, and a total market capitalization exceeding $1.02 billion.

According to data from the market research firm CoinMarketCap, RLUSD has been rapidly adopted due to the expansion of use cases, reflecting strong market demand. Particularly in a market dominated by traditional stablecoins such as Tether (USDT) and USDC, the growth of RLUSD is seen as evidence of the potential of emerging competitors.

Recently, Ripple announced a partnership with an international payment company to apply a blockchain payment settlement system based on RLUSD to credit card transactions. This collaboration has been highly praised for improving transaction speed, reducing costs, ensuring regulatory compliance, and enhancing transparency. This strategic partnership has played a key role in the expansion of RLUSD's practical applications.

Ripple emphasized that as the adoption cases of RLUSD continue to expand, an ecosystem is forming that can provide greater benefits for developers and enterprise users. In fact, RLUSD has recently surpassed the market capitalization of certain other tokens, expanding its influence in the market.

The stablecoin industry has long been dominated by major players such as Tether and certain compliant platforms that share the market. However, as RLUSD shows a steep growth trend, the competitive landscape may take on a new look.

From a market perspective, RLUSD is rapidly expanding its market share through the expansion of practical application cases and strategic partnerships, using stable liquidity as a weapon, signaling a change in the competitive landscape of stablecoins. Collaborations with international payment companies help to increase RLUSD's payment touchpoints in real life and enhance trust. The rapid growth of token diffusion and trading volume may also reflect the direction of short-term investment demand.