Circle issues the second-largest stablecoin with a market cap of $62 billion, while Ripple’s RLUSD, regulated by the New York Department of Financial Services, has a market cap of approximately $469 million

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Circle issues the second-largest stablecoin, with a market cap of $62 billion. RLUSD, launched by Ripple at the end of last year, has a market cap of about $469 million, according to CoinMarketCap.

Ripple issues the $440 million RLUSD stablecoin regulated by the New York Department of Financial Services (NYDFS)