Bitcoin Reserve Upgrades Crypto But Paypal, Ripple Stablecoins Lag Behind

The U.S. government's bold move to establish Bitcoin (CRYPTO: BTC BTC - $82893.369 as an official reserve asset through President Donald Trump's strategic Bitcoin reserve (SBR) has thrust cryptocurrencies into the spotlight, yet stablecoins like PayPal's PYUSD PYUSD - $0.999764403040276 and Ripple's RLUSD RLUSD - $0.999986114058926 are faltering in their bid for market share against offshore giants like Tether's USDT. What Happened: Signed into effect on March 6, the executive order designates Bitcoin as a sovereign-grade store of value, backed by roughly 100,000 BTC BTC - $82893.369 from forfeited Treasury holdings, while a favorable regulatory climate has failed to ignite adoption of U.S.-based stablecoins.

Source: benzinga.com

Related symbols: BTCUSD

2025-03-11 18:19:02 GMT.

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Price & Market Data

Price: $82893.369

Volume 24h: $42,988,287,385.19

Market Cap: $1,645,146,809,457.40

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,846,543. The last known price of Bitcoin is 82,564.55531196 USD and is up 1.31 over the last 24 hours. It is currently trading on 12006 active market(s) with $42,213,495,608.06 traded over the last 24 hours. More information can be found at https://bitcoin.org/.

Price & Market Data

Price: $0.999764403040276

Volume 24h: $74,580,800.95

Market Cap: $754,266,471.70

Description

PayPal USD (PYUSD) is a cryptocurrency and operates on the Ethereum platform. PayPal USD has a current supply of 754,444,216.460827. The last known price of PayPal USD is 0.99945484 USD and is down -0.02 over the last 24 hours. It is currently trading on 113 active market(s) with $79,734,255.66 traded over the last 24 hours. More information can be found at https://www.paypal.com/pyusd.

Price & Market Data

Price: $0.999986114058926

Volume 24h: $52,586,513.88

Market Cap: $293,688,607.64

Description

Ripple USD (RLUSD) is a cryptocurrency and operates on the XRP Ledger platform. Ripple USD has a current supply of 0. The last known price of Ripple USD is 1.00176615 USD and is up 0.02 over the last 24 hours. It is currently trading on 1 active market(s) with $510,408.99 traded over the last 24 hours. More information can be found at https://ripple.com/solutions/stablecoin/.