Ripple's RLUSD stablecoin hits top 10 and tops one billion dollars in a year
Ripple's dollar-backed stablecoin, RLUSD, has climbed fast into the top ten by market value. It crossed the one billion dollar line less than a year after starting in December 2024. This step shows trust in Ripple's growing world of digital assets.
A cartoon scene in strip form pictures a surprised business man eyeing a glowing chart. The chart tracks RLUSD breaking past one billion dollars. Orange and blue colors light up this quick jump.
Quick summary
RLUSD jumped 1,278 percent since January. It hit one billion in market value in months. Now it sits in the top ten stablecoins. Ripple grows RLUSD's use with ties to GTreasury, Ripple Prime, and Rail. These links speed up payments around the world.
Everyday users join in more. This comes from links to Transak for payments, Xaman for wallets, and support on both Ethereum and XRP Ledger.
Ripple's buy of Hidden Road boosts its setup. It ties old-school money to the flow of digital assets.
Ripple builds power in the 250 billion dollar stablecoin space
Ripple USD, or RLUSD, grew its market value by 1,278 percent this year, per new data. The coin passed one billion dollars on Monday. It had hit 900 million just days before on October 24.
Ripple shared on X that RLUSD and XRP can now handle quick, smooth, and rule-following payments worldwide. This uses Ripple Prime, GTreasury, and Rail in its group.
RLUSD trails big names like Tether's USDT at 183 billion and Circle's USDC at 75 billion. Still, it stands firm as a key dollar-tied coin. It holds tenth place with 174 million in daily trades. That matches PayPal's PYUSD and MakerDAO's Dai.
RLUSD draws in everyday buyers as Ripple adds to its digital tools RLUSD started for company use. But it soon caught on with regular people via payment links and personal wallets.
Several things pushed its growth:
Better ties to spots like Transak for worldwide reach. More action in wallets like Xaman. More spots on Ethereum and XRP Ledger. Broader role in border-crossing payments. Higher input from big firms and solo traders.
Stats from RWA.xyz say Ethereum holds about 80 percent of RLUSD supply. XRP Ledger takes the other 20 percent. This split shows Ripple's two-chain plan appeals to builders and money movers.
RLUSD's big win lines up with Ripple's wider services. These now offer top cash trading for digital assets in the US. This follows the buy of Hidden Road, a crypto-welcoming main broker. Ripple paid 1.25 billion for it in October. The move sets up tighter bonds between standard finance and digital money.