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Ripple’s stablecoin RLUSD is rapidly gaining traction as a prominent digital dollar alternative, with its circulating supply surging nearly 50% in June 2025.
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This growth is driven by expanding adoption on Ethereum and the XRP Ledger, supported by favorable regulatory developments and Ripple’s improving legal standing.
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According to COINOTAG, Ripple CEO Brad Garlinghouse’s announcement of withdrawing the cross-appeal against the SEC signals a potential turning point for institutional acceptance.
Ripple’s RLUSD stablecoin sees a 50% supply increase in June 2025, fueled by regulatory clarity and legal progress, positioning it for broader global adoption.
RLUSD’s Market Expansion and Regulatory Tailwinds Propel Growth
Since its launch in December 2024, RLUSD has demonstrated remarkable momentum, with its total issuance surpassing $455 million by the end of June 2025. The majority of this supply, approximately $390 million, is now circulating on the Ethereum blockchain, reflecting a fourfold increase since the start of the year. The remaining $65 million is held on Ripple’s native XRP Ledger, underscoring the stablecoin’s multi-chain strategy. This dual-chain presence enhances liquidity and accessibility, catering to diverse market participants.
Key to RLUSD’s accelerated adoption has been the recent passage of the GENIUS Act in the United States, which establishes a clear regulatory framework for dollar-backed stablecoins. This legislation has alleviated previous uncertainties, encouraging institutional investors and enterprises to integrate RLUSD into their operations with greater confidence. Ripple’s strategic issuance under a New York trust license, backed by cash and short-term U.S. Treasuries, further reinforces its compliance credentials, making RLUSD a trustworthy option in the competitive stablecoin landscape.
Legal Developments and Institutional Confidence Boost RLUSD’s Prospects
Ripple’s ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC) has been a significant factor influencing market sentiment. The recent announcement by CEO Brad Garlinghouse regarding the withdrawal of Ripple’s cross-appeal marks a pivotal moment, suggesting a de-escalation of regulatory tensions. This development is widely interpreted as a step toward resolution, potentially unlocking broader institutional adoption and partnerships.
Industry analysts highlight that this legal clarity, combined with the GENIUS Act, creates a conducive environment for RLUSD’s expansion. The stablecoin’s design, emphasizing regulatory compliance and transparency, aligns well with institutional requirements, differentiating it from less regulated counterparts. This alignment is expected to attract a wider range of financial entities seeking stable, compliant digital dollar solutions.
Global Reach: RLUSD’s Strategic Expansion into the Middle East
Beyond the U.S. market, RLUSD is making significant inroads internationally, notably in the Middle East. The recent approval from Dubai’s Financial Services Authority (DFSA) enables companies operating within the Dubai International Financial Centre (DIFC) to utilize RLUSD for payments, asset management, and other financial services. With over 7,000 businesses in the DIFC, this regulatory endorsement positions RLUSD as a key player in the region’s burgeoning digital finance ecosystem.
This expansion reflects Ripple’s broader strategy to establish RLUSD as a globally compliant stablecoin, capable of facilitating cross-border transactions and enhancing financial inclusion. By securing regulatory approvals in diverse jurisdictions, Ripple is building a resilient infrastructure that supports scalable adoption and integration across multiple sectors.
Technological Advantages Supporting RLUSD’s Adoption
RLUSD’s deployment on both Ethereum and the XRP Ledger leverages the strengths of these platforms. Ethereum’s extensive DeFi ecosystem provides RLUSD with deep liquidity pools and broad developer engagement, while the XRP Ledger offers fast transaction speeds and low fees. This hybrid approach enhances RLUSD’s utility and appeal across different user bases.
Moreover, RLUSD’s backing by cash and short-term U.S. Treasuries ensures stability and trust, essential attributes for a stablecoin aiming to compete in a crowded market. The transparent reserve management and regulatory oversight further contribute to RLUSD’s credibility, attracting users who prioritize security and compliance.
Conclusion
Ripple’s RLUSD stablecoin is emerging as a formidable contender in the digital dollar arena, driven by robust market growth, regulatory clarity, and strategic global expansion. The combination of increased issuance, legal progress, and multi-jurisdictional approvals positions RLUSD for sustained adoption among institutional and retail users alike. As Ripple continues to navigate the evolving regulatory landscape and expand its technological footprint, RLUSD is well-positioned to play a central role in the future of compliant, scalable stablecoins.
