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Ripple’s RLUSD has joined the ranks of the ten largest stablecoins in the world, less than a year after launch. Data from TradingView and CoinSpeaker confirm that Ripple RLUSD has surpassed one billion dollars in market capitalisation, reflecting rapid adoption across exchanges and institutional platforms.
The stablecoin was introduced by Ripple Labs in December 2024 to serve both retail and enterprise users seeking a compliant, transparent digital dollar. Within months, RLUSD has climbed ahead of several older competitors, becoming a credible player in the USD-pegged asset market.
Unlike many unregulated stablecoins, Ripple RLUSD is issued under the supervision of the New York State Department of Financial Services. Each token is backed 1:1 by cash deposits, short-term Treasury bills, and other highly liquid instruments. Monthly audits from accredited firms add a layer of accountability that has helped build investor confidence.
A key factor in RLUSD’s growth is its dual-chain deployment. Around eighty percent of its circulating supply exists on the Ethereum network, while the rest operates on the XRP Ledger. This structure allows the stablecoin to benefit from Ethereum’s deep liquidity pools while maintaining speed and low transaction fees through Ripple’s native network.
Ripple’s strategic positioning has also contributed to RLUSD’s ascent. The company has integrated the stablecoin into its cross-border payment products and prime-brokerage services. These moves are attracting institutions looking for efficient settlement options and stable digital reserves. Industry analysts suggest that RLUSD’s transparent reserves and corporate oversight give it an advantage in regions where regulators are tightening stablecoin rules.
Current data from CoinMarketCap shows RLUSD ranking among established leaders such as Tether’s USDT and Circle’s USDC. Though its market cap remains far smaller than those giants, its trajectory indicates sustained momentum. Trading volumes continue to rise as liquidity improves on both centralized and decentralized platforms.
Market watchers see Ripple’s entry into the stablecoin top tier as a sign of change in the digital asset economy. With compliance and interoperability at its core, RLUSD represents a growing shift toward regulated, institution-grade digital currencies designed for practical use in payments and asset management.
Ripple RLUSD may still be young, but its performance shows that strong regulatory foundations and real-world utility can accelerate trust faster than hype.
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