Ripple's RLUSD edges past PayPal's PYUSD to become seventh-largest stablecoin

The $2.69 figure is market cap, not price

The "$2.69" in U.Today's headline can read like a token price. It isn't. The number refers to RLUSD's market capitalization, which rose above $2.69 billion as of November 13, per the CoinMarketCap data the outlet cited.

That distinction matters for a stablecoin (RLUSD is Ripple's dollar-pegged token, so the point is to hold the peg, not to chase price moves).

The increase happened over a 24-hour period, according to the report. U.Today didn't say how large the move was or what drove it, and we're not going to guess at either one.

A narrow lead over PayPal USD

The ranking change came at PYUSD's expense. CoinMarketCap put PayPal USD's market cap at about $2.67 billion at the same time, which leaves RLUSD in seventh place among stablecoins by market capitalization.

The gap between the two is roughly $20 million.

For assets measured in billions, that's a thin margin. The order can flip if either token's market cap moves, so seventh place is best read as a November 13 snapshot from CoinMarketCap rather than a settled position, and it's worth checking the live data before drawing conclusions from it.

What RLUSD is designed to do

RLUSD launched in December 2024. Ripple designed it to support payments, liquidity and other financial activities across two networks: the XRP Ledger and Ethereum. It's a dollar token meant to work on both chains, not a single-ledger product.

For readers following the XRP Ledger (and the apps being built around it), that's the backdrop to this ranking move. The next CoinMarketCap snapshot will show whether RLUSD keeps seventh place or hands it back to PYUSD.