According to CCDATA reports, StableCoin Ripple USD (RLUSD) exceeded $ 3.02 trillion for more than a month after debuting with intensive exchange.
In January alone, RLUSD recorded a transaction volume of $ 2.84 trillion as of January 23, establishing its fourth largest StableCoin status depending on the transaction volume. On January 4, RLUSD trading activities were the most $ 400 million.
The report emphasized that as of January 23, as of January 23, it has a circulation of $ 97.5 million when it is supported by more than $ 140 million. StableCoin’s transactions are mainly promoted by bullish exchange activities, accounting for 85.7 % of the amount, a total of $ 2.42 billion.
BITSTAMP is the second most active exchange, processing $ 398 million in RLUSD transactions. Other exchanges, including independent reserves, Bits and Mercado Bitcoin, have listed assets and are expanding the scope of the market.
rlusd’s Official launch One week after Ripple, it was December 17, 2024 Approved From New York State Financial Service (NYDFS).
Stability rises to a new height
The wider StableCoin market has experienced a remarkable expansion in January, and the total market capitalization has increased by 5.68 % to a record of $ 215 billion. This indicates a monthly increase of StableCoin for 16 consecutive times.
The stable rule in a wider cipher market has risen from 6.19 % in December to 6.31 %, reaching the highest since October.
The rapid increase in stubcoin dominance consistent with the market integration period after President Donald Trump’s inauguration.
However, despite the powerful start of this year, the concentrated Stullecoin Trading Bolume seems to be on a downward trajectory. As of January 26, these platforms have recorded 1.71 trillion stubcoin trading activities, suggesting that the total amount in January has not reached $ 2.66 trillion in December.
The report believes that a decrease in trading activities, following major market catalysts, including Trump, is due to reduced momentum.
Tether USD (USDT) fell to 82.4 % of the top stub coins for intensive replacements in January. On the other hand, the FIRST DIGITAL USD (FDUSD) and USD coins (USDC) have increased the rule of 8.77 % to 8.50 %, respectively.
The report pointed out that as the StableCoin sector competition has been strengthened, the change in StableCoin’s control reflects that the market taste changes.
SOLANA’s StableCoin Supply
In January, Solana appeared as a major player of StableCoin Ecosystem, and the total supply of StableCoins on the network increased 112 % to record $ 11.1 billion. This growth surpasses the highest set in 2022 and matches the waves of capital inflows into the network.
SOLANA’s STABLECOIN SUPPLY steep rose was prominently promoted by the strengthening of distributed replacement (DEX) trading activities on January 18, after the official Trump (Trump) began.
Since the introduction of Memecoin, StableCoin Supply has increased 73.6 %, and the above binance chain has become the third blockchain of StableCoin supply. Track only Ethereum and Tron.
USDC continues to dominate Solana’s StableCoin ecosystem and accounts for 77.9 % of network supply. After that, USDT continues and has a 17.8 % market share.
In addition, FIRST DIGITAL LABS’s FDUSD debuted in Solana in January and expanded its network StableCoin assets to 30.
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