RLUSD and PYUSD Market Cap Figures Disputed
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.
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.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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