Ripple’s RLUSD stablecoin has reached a $1 billion market capitalization, ranking it among the top 10 US dollar-pegged stablecoins less than a year after its December 2024 launch. This milestone highlights its rapid growth and increasing adoption in both enterprise and retail sectors.
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RLUSD surpasses $1 billion in market cap with 1,278% year-to-date growth.
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The stablecoin first crossed $900 million on October 24, 2024, before hitting the billion-dollar mark shortly after.
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According to CoinGecko data, RLUSD now holds the 10th position among US dollar stablecoins, with daily trading volumes around $174 million.
Ripple USD RLUSD stablecoin hits $1B market cap in under a year. Discover its rise to top 10 USDT-pegged assets, growth stats, and impact on crypto finance. Stay updated on stablecoin trends today.
What is Ripple’s RLUSD Stablecoin and How Has It Achieved $1 Billion Market Cap?
Ripple USD (RLUSD) is a US dollar-pegged stablecoin issued by Ripple, designed for efficient cross-border payments and institutional use. Launched in December 2024, it has rapidly scaled to a $1 billion market capitalization through strong enterprise integrations and retail adoption. This growth, representing a 1,278% increase year-to-date, positions RLUSD as a key player in the stablecoin ecosystem, backed by Ripple’s established infrastructure on the XRP Ledger and Ethereum networks.
Ripple’s focus on compliance and speed has driven RLUSD’s success. The stablecoin maintains a 1:1 peg to the US dollar through reserves held in cash equivalents and short-term US Treasuries, ensuring stability for users. As of November 2025, RLUSD’s total supply stands at approximately 1 billion tokens, reflecting robust demand from platforms like Transak and wallets such as Xaman. This milestone underscores Ripple’s strategy to bridge traditional finance with blockchain, offering faster settlements without the volatility of assets like XRP.
The achievement comes amid broader stablecoin market expansion, where US dollar-pegged tokens collectively exceed $200 billion in market cap. RLUSD’s entry into the top tier demonstrates how targeted blockchain applications can capture significant share in a competitive landscape dominated by established players.
How Does RLUSD Compare to Other Top US Dollar Stablecoins?
RLUSD ranks as the 10th largest US dollar-pegged stablecoin by market capitalization, trailing behind leaders like Tether’s USDT at $183 billion and Circle’s USDC at $75 billion. Despite the gap, RLUSD’s $1 billion cap places it ahead of several mid-tier competitors, with daily trading volumes of $174 million matching those of PayPal USD (PYUSD) and Dai (DAI), ranked seventh and fifth respectively.
Data from CoinGecko indicates RLUSD’s liquidity has grown steadily, supported by its dual issuance on Ethereum (80% share) and XRP Ledger (20% share), as reported by RWA.xyz. This multi-chain approach enhances accessibility, allowing seamless transfers across ecosystems. In comparison, USDT benefits from first-mover advantage and widespread exchange listings, while USDC emphasizes regulatory compliance through partnerships with banks like BNY Mellon.
Expert analysts note RLUSD’s enterprise focus sets it apart. “RLUSD is tailored for institutional-grade applications, providing the compliance and efficiency that traditional finance demands,” said a Ripple spokesperson in a recent statement. Its traction among retail users via integrations has further boosted volumes, with on-chain data showing increased wallet holdings in the past quarter. Statistically, the stablecoin’s growth rate outpaces many peers; for instance, while USDC grew 20% year-over-year, RLUSD’s surge highlights Ripple’s innovative edge in tokenized assets.
Top 10 USD-pegged stablecoins by market capitalization. Source: CoinGecko
Looking at adoption metrics, RLUSD has seen notable uptake in self-custodial wallets and payment platforms. Ethereum-based RLUSD dominates due to the network’s liquidity, but XRP Ledger variants are gaining ground for their low-cost, high-speed transactions—ideal for cross-border remittances. This balance contributes to RLUSD’s competitive positioning, with potential for further growth as Ripple expands its services.
The stablecoin’s reserves are audited regularly by independent firms, aligning with standards set by the New York Department of Financial Services. This transparency builds trust, similar to USDC’s model, but RLUSD differentiates through Ripple’s OTC desk enhancements, which now include digital asset prime brokerage for US markets following the acquisition of Hidden Road in a $1.25 billion deal finalized in October 2024.
Frequently Asked Questions
What Makes RLUSD Different from Other Stablecoins Like USDT and USDC?
RLUSD stands out with its enterprise-oriented design, fully backed by US dollar reserves and issued on both Ethereum and XRP Ledger for optimal interoperability. Unlike USDT, which has faced scrutiny over reserve transparency, RLUSD prioritizes regulatory compliance from day one. It offers faster settlement times via Ripple’s network, making it ideal for institutional payments, while maintaining the stability of USDC through audited holdings.
How Can Users Acquire and Use Ripple’s RLUSD Stablecoin?
To get started with RLUSD, users can purchase it through supported exchanges or wallets like Xaman, where it’s integrated for easy storage and transfers. Once acquired, RLUSD facilitates seamless cross-border transactions with near-instant settlements and low fees. For businesses, Ripple’s platforms like Ripple Prime and Rail enable compliant, efficient use in treasury management and payments, sounding natural for voice queries on stablecoin accessibility.
Key Takeaways
- RLUSD’s Rapid Rise: Achieving $1 billion market cap in under a year signals strong market confidence in Ripple’s stablecoin infrastructure.
- Top 10 Ranking: With $174 million in daily volumes, RLUSD competes effectively against established peers like PYUSD and DAI.
- Future Expansion: Integrations with Ripple Prime, GTreasury, and Rail will enhance global settlement efficiency—consider exploring RLUSD for your payment needs.
Conclusion
Ripple’s RLUSD stablecoin has solidified its place as the 10th largest US dollar-pegged asset by reaching $1 billion in market capitalization, driven by 1,278% year-to-date growth and dual-chain support on Ethereum and XRP Ledger. This milestone, backed by transparent reserves and enterprise tools, reflects the evolving role of stablecoins in global finance. As Ripple continues to innovate with OTC expansions and prime brokerage, RLUSD is poised to play a pivotal role in compliant, efficient transactions—watch for further adoption in 2025 and beyond.
