Ripple’s RLUSD Stablecoin Enters Top 10, Surges Past $1 Billion Market Cap in Under a Year

Ripple’s US dollar–pegged stablecoin, RLUSD, has rapidly climbed the ranks to become one of the top ten stablecoins by market capitalization. Less than a year after its December 2024 launch, RLUSD has surpassed the $1 billion mark—a milestone that reflects growing confidence in Ripple’s expanding digital asset ecosystem.

Ripple Stablecoin Emerges as Major Contender in $250B Stablecoin Market

Ripple USD (RLUSD) recorded a remarkable 1,278% year-to-date increase in market capitalization, according to recent market data. The stablecoin crossed $1 billion on Monday, just days after hitting $900 million on October 24. 

In an X post, Ripple mentioned that with Ripple Prime, GTreasury, and Rail joining its network, RLUSD and XRP are set to deliver faster, more efficient, and compliant global settlements.

While RLUSD still trails behind major players such as Tether’s USDT ($183 billion) and Circle’s USDC ($75 billion), it has emerged as a strong contender among dollar-pegged stablecoins. RLUSD currently ranks tenth, recording daily trading volumes of $174 million—comparable to PayPal’s PYUSD and MakerDAO’s Dai.

RLUSD Gains Retail Momentum as Ripple Expands Digital Asset Services

Initially positioned as an enterprise-focused asset, RLUSD has steadily gained traction among retail users through integrations with payment platforms and self-custody wallets. 

Notably, its adoption has been driven by several key factors:

• Broader support from platforms like Transak, improving global access.
• Increased use within self-custodial wallets such as Xaman.
• Growing availability across both the Ethereum network and the XRP Ledger.
• Wider acceptance in cross-border settlement solutions.
• Rising participation from both institutional and retail traders.

Data from RWA.xyz shows that Ethereum-issued RLUSD represents around 80% of the total supply, while the XRP Ledger version accounts for 20%. The balance between networks indicates that Ripple’s dual-chain strategy is gaining momentum among developers and liquidity providers.

RLUSD’s milestone comes alongside Ripple’s expansion of its ecosystem services, which now include digital asset spot prime brokerage in the United States. The move follows Ripple’s $1.25 billion acquisition of crypto-friendly prime broker Hidden Road in October, positioning the company for deeper integration between traditional finance and digital assets.