Ripple’s RLUSD Stablecoin Surpasses $1 Billion Market Cap in Less Than a Year
- RLUSD, a U.S. dollar stablecoin, reached a market capitalization of over $1 billion since its launch in December.
- It is now the 10th largest U.S. dollar-backed stablecoin, following Tether’s USDT at $183 billion and Circle’s USDC at $76 billion.
- The circulating supply consists of approximately $819 million on Ethereum and $203 million on the XRP Ledger.
- Ripple has processed nearly $100 billion in payment volume, with RLUSD being the primary stablecoin for transactions.
- Ripple has expanded its customer base by doubling its number of clients this year and holds over 75 global licenses.
The rapid growth of RLUSD highlights strong demand for stablecoins within Ripple’s payment ecosystem, particularly among institutional clients seeking reliable on-chain settlement options.
With RLUSD’s market cap surpassing $1 billion, Ripple continues to enhance its digital assets offerings through strategic acquisitions and expanding services for institutions. (Source)
