Ripple’s RLUSD Stablecoin Surges Past $1.26B as Adoption Accelerates

Ripple USD has entered a new phase of market growth, surpassing the 1 billion supply mark on Ethereum. RLUSD’s fast expansion has strengthened its position among major stablecoins, showing steady demand across trading platforms, wallets, and payment services. For an asset less than a year old, this milestone represents a notable achievement for the dollar-pegged stablecoin.

RLUSD’s Rapid Growth Signals Rising Competition in Stablecoin Market

RLUSD supply on Ethereum has reached 1.261 billion, giving the token an equivalent market capitalization. Having launched about twelve months ago, this pace shows that users are consistently adopting RLUSD across the Ethereum ecosystem. 

According to on-chain reports, more than 1.02 billion tokens are now minted and active on the network. As a result, this has helped improve liquidity and better position RLUSD in a market long dominated by USDT and USDC.

Market data shows that RLUSD has reached daily trading volumes of over $43 million, putting it close to PayPal’s PYUSD. In addition, it shows that traders are comfortable using the token for frequent transactions. 

Although the supply remains far below USDT’s roughly $183 billion and USDC’s $75 billion, RLUSD has already climbed to the 8th spot among stablecoins by market cap—an impressive rise for a recent entrant.

Ripple’s Stablecoin Moves Ahead of BONK as Market Cap Surges Past $1.26B

Crypto commentators note that the stablecoin’s growth has come from multiple sources. For instance, support from exchanges, wallets, and payment platforms has helped the token reach a wider audience, especially among retail users. 

Ripple has also kept minting activity at a measured pace, rather than ramping up supply too quickly, keeping issuance in line with real demand. Activity continues to pick up, with another 10 million RLUSD minted on the XRP Ledger over the past 72 hours. Experts suggest that such a trend indicates ongoing interest from both traders and institutions.

Several factors have contributed to the expansion:

• Additional exchange listings, including Bitget.
• New issuance on Ethereum and the XRP Ledger.
• Use in cross-border settlement services for retail and institutional users.
• Growing availability in decentralized wallets.

Developments in the Middle East have added to the growing momentum around the fiat-pegged asset. RLUSD recently secured approval in Abu Dhabi to be used as lending collateral within the Abu Dhabi Global Market financial free zone. 

Users in the region can now lock RLUSD as collateral on recognized platforms. This new real-world utility has further solidified Ripple’s foothold in regulated finance.

Recent market movement has also pushed RLUSD ahead of BONK in total valuation. Its market cap of $1.261 billion now surpasses BONK’s, which fell to $823.59 million, marking another change in the rankings as stablecoins continue to play a larger role across crypto markets.