PANews reported on March 22 that according to Coingecko data, the market value of Ripple's stablecoin Ripple USD (RLUSD) has exceeded US$170 million and currently reached US$176,801,211, a record high.

Earlier news, Ripple announced this week that the U.S. Securities and Exchange Commission officially withdrew its four-year lawsuit against the company.

Ripple's stablecoin RLUSD market value exceeds $170 million, setting a new record high