Ripple’s US dollar-backed stablecoin, RLUSD, has surged to a new all-time high, fueled by a series of high-profile partnerships and regulatory milestones that are accelerating its adoption among institutional investors. Yet, RLUSD appears to be the only token benefiting from Ripple’s advancements and expansion, as XRP bears the weight of market forces. RLUSD Market Cap Surges Past $1. 38 Billion as Ripple Expands Institutional Adoption DefiLlama data shows that the RLUSD stablecoin’s market capitalization now exceeds $1
source: https://beincrypto.com/ripple-institutional-adoption-rlusd-xrp/