Ripple’s RLUSD overtakes PayPal’s PYUSD by market cap

Ripple’s stablecoin RLUSD has overtaken PayPal’s PYUSD in market capitalization, reaching $2.72 billion versus $2.63 billion for PYUSD. According to DefiLlama, PYUSD supply fell by about $99.46 million over the past 24 hours, while RLUSD remained relatively stable. RLUSD supply increased by about $70.63 million over the past seven days.