Ripple’s stablecoin, RLUSD, has officially reached a major milestone, surpassing a market capitalization of $1 billion. According to Ripple’s stablecoin tracker, the growth of RLUSD has been driven by both retail and institutional adoption, marking a significant moment in the broader cryptocurrency landscape. A recent mint of 50 million RLUSD tokens on the XRP Ledger (XRPL) played a key role in pushing the stablecoin to this achievement.
Since its launch in December 2024, RLUSD has rapidly gained traction, becoming the fastest-growing regulated stablecoin in history.
RLUSD’s rise to $1 billion in less than 10 months highlights its popularity and the increasing demand for regulated, low-volatility assets. This growth trajectory is impressive when compared to other well-established stablecoins. For instance, Tether (USDT), the largest stablecoin, took over a year to reach $900 million in 2015. The swift adoption of RLUSD signals a maturing market, where compliance and regulation are becoming key factors in attracting investors.
Ripple, which has positioned RLUSD as a trusted and enterprise-grade stablecoin, aims to continue setting benchmarks in the stablecoin sector.
Strategic Partnerships and Acquisitions Propel RLUSD’s Market Expansion
RLUSD is not just a digital asset but a versatile tool used across multiple sectors. It is already being employed by banks and fintech companies for cross-border wire transfers. Additionally, decentralized exchanges (DEXs) on the XRPL have become hubs for trading RLUSD against XRP. DeFi platforms on Ethereum have also integrated RLUSD for lending and borrowing activities. Meanwhile, consumers can purchase RLUSD on major exchanges, including Uphold, Bitso, Bullish, and MoonPay.
Ripple’s strategic partnerships and integrations are further accelerating the adoption of RLUSD. Notably, Brale’s integration with the XRP Ledger enables businesses to issue USD-backed stablecoins and settle transactions in RLUSD. This move strengthens Ripple’s position in the market by providing additional use cases for RLUSD.
Furthermore, Ripple’s recent acquisition of prime brokerage Hidden Road, now rebranded as Ripple Prime, adds to the stablecoin’s momentum. Customers of Ripple Prime are already using RLUSD as collateral or holding it as a preferred stable asset.
Ripple’s RLUSD is now positioning itself ahead of competitors like PayPal’s PYUSD and First Digital’s FDUSD. The stablecoin’s swift growth, combined with its focus on regulation and utility, marks a defining moment for Ripple as it works to expand its influence in the evolving digital asset space.