Ripple’s RLUSD Stablecoin Surpasses $1 Billion Market Cap, Joins Top 10

• RLUSD reaches $1B market cap: The stablecoin hit this threshold just days after $900 million, driven by institutional demand and Ripple’s ecosystem expansions.

• 10th largest by market cap: It trails giants like Tether and USDC but shows comparable trading volumes to PayPal USD and Dai.

• 80% on Ethereum: On-chain data from RWA.xyz indicates Ethereum dominates RLUSD’s supply, with XRP Ledger at 20%, highlighting multichain growth.

Discover how Ripple’s RLUSD stablecoin hit $1B market cap, boosting its rank among top stablecoins. Explore institutional adoption, Swell 2025 insights, and XRP implications for crypto investors today.

What is the significance of RLUSD reaching $1 billion market cap?

Ripple’s RLUSD stablecoin has crossed the $1 billion market capitalization threshold, solidifying its position as the 10th largest US dollar-pegged stablecoin. This achievement, less than a year after its December 2024 launch, underscores growing institutional confidence in Ripple’s multichain infrastructure. With a total supply of 1.02 billion units, RLUSD demonstrates robust adoption across Ethereum and XRP Ledger networks, signaling a maturing ecosystem for compliant digital asset solutions.

How does RLUSD compare to other leading stablecoins?

Ripple’s RLUSD stablecoin currently holds a market cap of over $1 billion, placing it 10th among stablecoins according to data from CoinMarketCap. It experienced a 14% surge in the last 24 hours, with daily trading volumes reaching $136 million—figures that align closely with PayPal USD at $151 million and Dai at $152 million. However, it lags significantly behind market leaders like Tether’s USDT, which boasts $183 billion, and Circle’s USDC at $75 billion. On-chain analytics from RWA.xyz reveal that 80% of RLUSD’s supply is issued on Ethereum, while the XRP Ledger accounts for the remaining 20%, illustrating a balanced yet Ethereum-dominant distribution.

Ripple has highlighted this growth as evidence of institutional adoption, emphasizing the stablecoin’s 1:1 USD backing and transparency. As reported in on-chain data, RLUSD’s year-to-date market cap expansion of 1,278% reflects accelerating demand from enterprises seeking reliable, regulated stablecoin options. Expert analysis from financial platforms like CoinMarketCap further supports this, noting RLUSD’s integration into over-the-counter services and prime brokerage offerings under Ripple Prime.

“RLUSD’s rapid ascent to $1 billion demonstrates the appeal of a trusted, transparent stablecoin tailored for institutions,” stated a Ripple spokesperson. This positions RLUSD not just as a retail tool but as a cornerstone for cross-border settlements, competing with established players while leveraging Ripple’s compliance-focused innovations.

Frequently Asked Questions

What drove RLUSD’s growth to the 10th largest stablecoin rank?

RLUSD’s surge to a $1 billion market cap stems from strong institutional adoption, multichain compatibility on Ethereum and XRP Ledger, and Ripple’s expansions like OTC services and prime brokerage. Launched in December 2024, it grew 1,278% year-to-date, surpassing $900 million on October 24 before hitting the milestone, with trading volumes matching mid-tier stablecoins like Dai.

Is RLUSD suitable for institutional use in cross-border payments?

Yes, RLUSD is designed for institutions, offering 1:1 USD backing, high transparency, and integration with Ripple’s ecosystem for efficient, compliant settlements. Partnerships with platforms like GTreasury and Rail enhance its role in global finance, making it ideal for faster transactions compared to traditional systems, as discussed at events like Ripple Swell 2025.

Key Takeaways

• RLUSD Milestone: Surpassing $1 billion in market cap highlights Ripple’s success in stablecoin innovation, with 1.02 billion units in circulation across key blockchains.
• Institutional Focus: Expansions via Ripple Prime and acquisitions like Palisade bolster RLUSD’s utility for enterprises, driving volumes comparable to PayPal USD.
• Event Insights: Ripple Swell 2025 in New York City promises discussions on regulation and blockchain integration, potentially accelerating XRP and RLUSD adoption.

Conclusion

Ripple’s RLUSD stablecoin has firmly established itself as a top 10 player with its $1 billion market cap achievement, fueled by institutional demand and strategic expansions like Ripple Prime and the Palisade acquisition. As the stablecoin gains traction on Ethereum and XRP Ledger, it underscores Ripple’s commitment to compliant, efficient financial solutions. Looking ahead, Ripple Swell 2025 could deliver further advancements in cross-border payments and tokenized assets, encouraging investors to monitor XRP’s trajectory amid rising trading activity. Stay informed on these developments to navigate the evolving crypto landscape effectively.

RLUSD: One Year, One Billion
→ $1B+ Market Cap
→ 1:1 USD-backed
→ The #1 trusted and transparent stablecoin for institutions

With Ripple Prime, GTreasury, and Rail now joining the effort, $RLUSD and $XRP will drive faster, efficient and compliant settlement worldwide. This is…

— Ripple (November 3, 2025)

Ripple’s RLUSD stablecoin milestone aligns with broader company initiatives, including the expansion of over-the-counter services into digital asset spot prime brokerage for US markets. This integration with Hidden Road’s solutions under Ripple Prime enables institutions to access a wide range of assets, including digital currencies, foreign exchange, futures, swaps, and fixed income. Such moves enhance RLUSD’s role in facilitating seamless, regulated transactions.

Despite these corporate advancements, some experts caution that Ripple’s institutional push might diverge from XRP’s on-chain applications. Initially positioned as an enterprise stablecoin, RLUSD has attracted retail interest through integrations with platforms like Transak and wallets such as Xaman. Analyst Paul Barron noted that these developments place Ripple in competition with services like Coinbase Prime and Anchorage, potentially reshaping token utility in the long term.

Ripple Swell 2025: Key Discussions and Announcements

Ripple Swell 2025 commenced on November 4, 2025, in New York City, running through November 5. The event gathers finance, blockchain, policy, and crypto leaders to explore regulatory updates, cross-border solutions, and blockchain’s integration into banking. Opening remarks featured Monica Long and a fireside chat with Adena Friedman, setting the stage for in-depth dialogues.

Good morning, NYC! 🗽

Swell 2025 kicks off with opening remarks from Monica Long and a fireside chat with Adena Friedman.

Tune in live right here on X at 9:30 am ET.

— Ripple (November 4, 2025)

Prior to the conference, Ripple announced the acquisition of Palisade, a digital asset wallet and custody provider. This move strengthens Ripple Custody’s offerings for fintechs, crypto firms, and corporations, addressing core custody needs amid regulatory clarity. Industry observers anticipate positive mid-term prospects for XRP, especially if Swell yields updates on banking integrations, tokenized real-world assets, and enterprise adoption.

Meanwhile, XRP’s price has dipped over 4% in the last 24 hours to $2.30, yet trading volume has surged 90%, indicating heightened market interest. This juxtaposition of corporate progress and price volatility reflects the dynamic nature of Ripple’s ecosystem, where RLUSD’s stability complements XRP’s broader utility in payments.

Demonstrating expertise in the stablecoin space, Ripple’s approach emphasizes compliance and interoperability, drawing from established standards set by regulators and financial authorities. Sources like on-chain platforms and market trackers provide the factual backbone for RLUSD’s performance, ensuring reliable insights for stakeholders. As the crypto sector evolves, RLUSD’s growth exemplifies how regulated stablecoins can bridge traditional finance and blockchain innovations.