According to COINOTAG, Ripple's RLUSD stablecoin reached a market cap of $2.71 billion on Thursday, surpassing PayPal USD's $2.69 billion. The fully reserved, dollar-backed token launched in December 2024 and achieved the milestone in under two years. On October 28, Coinbase announced support for RLUSD across Coinbase Exchange, Coinbase Prime, and its retail trading app, spanning the XRP Ledger, Ethereum, and Base blockchains.

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