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RLUSD has been growing rapidly over the past year. Its market capitalization has surpassed $1 billion and is now approaching $1.34 billion. In the stablecoin market, it has become the fourth-largest coin by trading volume.
I think this growth rate is quite exceptional. The trading volume on centralized exchanges reaching $43.3 billion suggests that institutional investors and large players are using it heavily. Since RLUSD is built on a trusted infrastructure, it might also be gaining recognition in the market.
The stablecoin market is becoming highly competitive, but RLUSD seems to be steadily establishing its position through these kinds of achievements.