The Stablecoin Ripple USD (RUSD) exceeded 3.02 billions of dollars in total negotiation activity just over a month after its debut on centralized scholarships, according to a CCData report.
In January alone, Rlusd recorded 2.84 billions of dollars in volume of negotiation on January 23, establishing itself as the fourth largest stablecoin by commercial volume. January 4 saw the largest RUSD negotiation activity, reaching $ 400 million.
The report pointed out that Rlusd had a circulating offer of $ 97.5 million on January 23, supported by reserve funds greater than $ 104 million. Stablecoin trading was mainly motivated by activity on the bullish scholarship, which represents 85.7% of its volume, totaling $ 2.42 billion.
Bitstamp is the second most active active scholarship, dealing $ 398 million in Rlusd transactions. Other exchanges, including independent reserve, bitso and mercado Bitcoin, have also listed the assets, expanding its market range.
Rlusd official launch was December 17, 2024, a week after Ripple Received approval of the New York State Financial Services Department (NYDFS).
Stablecoins increase to new heights
The wider market of stablescoin experienced significant expansion in January, total market capitalization increasing by 5.68% to reach a record of $ 215 billion. This marks the sixteenth monthly increase consecutive to the market capitalization of Stablescoin.
The domination of the stablescoin in the larger market of cryptography is also climbed to 6.31%, against 6.19% in December, reaching its highest level since October.
The increase in the domination of the stablescoin coincided with a period of consolidation of the market after the inauguration of President Donald Trump.
However, despite the strong beginning of the year, Stablecoin trading volumes on centralized exchanges seem to be on a downward trajectory. Since January 26, these platforms have recorded 1.71 billion of dollars in stable negotiation activity, suggesting that the total volume of January could be less than 2.66 billions of dollars in December.
The report attributes the decline in commercial activity to the decrease in momentum following key market catalysts, including Trump’s return to his functions.
TETHER USD (USDT) saw its market share decrease in January, falling to 82.4% among the main stablescoins on centralized exchanges. Meanwhile, the first digital USD (FDUSD) and the USD part (USDC) saw their commercial domination respectively at 8.77% and 8.50%.
The report noted that the change in domination of the stablescoin reflects changing market preferences as competition in the Stablescoin sector is intensifying.
Solana’s Stablecoin Supply
In January, Solana appeared as a major player in the Stablecoin ecosystem, with the total supply of stablescoins on its network which increased by 112% to a record of $ 11.1 billion. This growth exceeds all of all previous times in 2022 and aligned with a wave of capital entrances to the network.
The Pic of Solana’s Stablecoin’s offer was notably trained by a decentralized stock market negotiation (DEX) increased after the launch of Donald Trump, Official Trump (Trump) on January 18.
Since the introduction of the same, the Solana stable supply has increased by 73.6%, pushing the binance chain above to become the third blockchain for the stablecoin supply, By dragging only Ethereum and Tron.
The USDC continues to dominate the Stablecoin de Solana ecosystem, representing 77.9% of the network’s offer. It is followed by the USDT, which holds a market share of 17.8%.
In addition, FDUSD of First Digital Labs made its debut in Solana in January, increasing the stablecoin assets of the network to 30.
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