Ripple overtakes Tether to become one of the world's top three cryptocurrencies...Rising in market capitalization

Ripple (XRP) has surpassed Tether (USDT) in market capitalization, making it the third-largest cryptocurrency in the world after Bitcoin (BTC) and Ethereum (ETH).
The main factor behind this achievement is that Ripple plans to launch a stablecoin called "RLUSD" on December 4th, which will be operated on its own mainnet platform.
Existing cryptocurrency platforms have competed to run third-party stablecoins such as USDT and USDC on their own mainnets.
Ripple has chosen a strategy to differentiate itself from existing methods by developing and operating a stablecoin directly on its own mainnet.
Ripple's actions will further strengthen its ecosystem and promote the growth of crypto assets (
It is analyzed that this will have a positive impact on increasing competitiveness in the cryptocurrency market. The industry is paying close attention to the ripple effect that the launch of Ripple's RLUSD will have on the market.
This rise in market capitalization rankings and the news of the launch of RLUSD are sure to further solidify Ripple’s position in the global cryptocurrency market.
It is expected to be a key factor.