RLUSD Passes PayPal's Dollar

The real news

The story, straight

A dollar stablecoin is a digital token designed to stay worth $1. Its market value is the token price multiplied by how many tokens circulate.

A bigger total therefore usually means more tokens, not a rising price.

Crypto Briefing reports that Ripple's RLUSD edged ahead of PayPal's PYUSD for the first time. Its November 12 snapshot put them at about $2.71 billion and $2.67 billion respectively.

Cue Lil'meme uncorking champagne for a dollar that remains stubbornly a dollar. The trophy has appreciated more emotionally than the winner has financially.

The important detail: PYUSD's supply fell about $99–136 million in a day, while RLUSD held steady or ticked slightly higher. RLUSD also added about $258 million over the preceding 30 days.

This wasn't a sudden jump in the dollar token's price.

The roughly $40 million lead is narrow. New token issuance could reverse the order.

Today's snapshot is a photograph, not a coronation.

The useful takeaway: separate growth in circulating tokens from gains in each token's price. A bigger pile of dollars doesn't make every dollar worth more.

Source: https://cryptobriefing.com/ripple-rlusd-passes-paypal-pyusd-stablecoin/

Hardships are coming. I, the Big Dreamer, created this token to help the people.

I truly do see this token going up in value. Ride the rocket with me and let's see where the next 24 months take us.

Buy: https://lilmeme.fun/buy

Repost before I finance the victory parade with the winning dollar.

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