🌐 Ripple's Stablecoin RLUSD Breaks $1 Billion Mark — A Steady Step Into Stablecoin Race
Ripple Labs' stablecoin RLUSD has officially surpassed $1 billion in market capitalization, marking a significant milestone in its journey of less than a year since its launch. This milestone not only affirms Ripple's growing position in the stablecoin market, but also reflects the rapidly increasing demand for stablecoins in both the retail and institutional sectors.
🚀 Explosive Growth in Less Than a Year
According to data from DeFi Llama, RLUSD has reached a capitalization of $1.025 billion, becoming the 11th largest stablecoin globally, just behind veterans such as USDT, USDC, Ethena USDe, and PayPal USD (PYUSD). Some other platforms such as CoinMarketCap have even ranked RLUSD in the top 10 USD-backed stablecoins.
Notably, this growth comes as the total global stablecoin market capitalization shows signs of slowing down, down slightly by 0.8% over the past week. The fact that RLUSD is still accelerating against the current shows that new money is flowing into projects with practical applications and high reputation in financial management.
💼 Motivation from institutional and retail strength
Originally designed by Ripple for financial institutions and banks, RLUSD quickly expanded into the retail market thanks to integration with payment platforms such as Transak and self-custody wallet Xaman. It is the combination of institutional infrastructure and accessibility to ordinary users that has created strong growth momentum.
According to data from RWA.xyz, the number of wallets holding RLUSD has increased by more than 3% over the past month, reaching 38,201 addresses, with 4,741 monthly active addresses — an impressive number for a young stablecoin.
🔗 Ethereum Leads RLUSD Supply
The majority of RLUSD is circulating on the Ethereum network, accounting for 80% of the total supply (~$816 million), while the remaining (~$203 million) is issued on the XRP Ledger. Maintaining cross-chain flexibility helps RLUSD expand its usability and ensure cross-network liquidity — a vital element in the DeFi ecosystem.
🏦 A Big Step in Institutional Adoption
A notable signal came from Chicago-based derivatives exchange Bitnomial, when the platform announced it would accept RLUSD as collateral. This is the first regulated exchange in the US to do so, opening a new precedent for stablecoins being used as legitimate collateral in traditional finance.
📈 Long-term outlook
While still far from the “big guys” like Tether ($183 billion) or USD Coin ($74.6 billion), RLUSD is showing a clear strategy: sustainable development based on institutional trust, practical applications and on-chain transparency.
If this growth rate is maintained, RLUSD could become one of the five largest stablecoins in the market by 2026, especially as Ripple is accelerating the integration of its stablecoin into the cross-border payment ecosystem and digital banks.
In short:
RLUSD’s breakthrough is not only a victory for Ripple, but also a positive signal for the entire stablecoin industry, proving that the transparent, backed digital asset model — when implemented properly — can absolutely win the trust of both users and traditional financial institutions.
