Ripple's RLUSD Nears $1.6B Market Cap After New 10 Million Token Mint

Ripple's U.S. dollar-pegged stablecoin RLUSD has climbed to a market capitalization of about $1.58 billion and is approaching the $1.6 billion mark following a fresh 10 million token mint on XRP Ledger. The asset now ranks as the 52nd largest cryptocurrency and the 12th biggest stablecoin, having recently overtaken several rivals including Binance's BFUSD and Tron's USDD.