TLDR
- RLUSD stablecoin market cap reaches $789 million, ranking #90 globally
- Bybit exchange adds RLUSD trading pairs including RLUSD/XRP and RLUSD/BTC
- BlackRock BUIDL and VanEck VBILL funds use RLUSD for tokenized asset settlements
- XRP open interest jumps to $1 billion after Bybit listing announcement
- Perfect 0.01% USD peg stability attracts banks and financial institutions
Ripple’s RLUSD stablecoin has achieved a $789 million market capitalization, securing its position as the 90th largest cryptocurrency by market value. The dollar-pegged digital asset maintains exceptional price stability with only 0.01% variance from its USD target.
Bybit cryptocurrency exchange announced RLUSD trading support on September 28, 2025, becoming the latest major platform to list the stablecoin. The exchange offers multiple trading pairs including RLUSD/USDT, RLUSD/XRP, RLUSD/BTC, RLUSD/ETH, and RLUSD/MNT across Ethereum and XRP Ledger networks.
The Bybit listing created immediate market impact, driving XRP open interest to $1 billion within hours. This surge demonstrates growing institutional and retail demand for RLUSD-based cryptocurrency trading solutions.
RLUSD now trades on major exchanges including Kraken, Bitstamp, Gemini, and Bullish. Gemini’s May 2025 listing generated substantial trading volume increases, while Margex supported RLUSD from its January 2025 launch.
Institutional Partnerships Drive RLUSD Growth
Financial institutions increasingly choose RLUSD for high-value settlements due to its regulatory compliance and price stability. Ripple partnered with Securitize to integrate RLUSD as the redemption layer for BlackRock’s BUIDL tokenized fund and VanEck’s VBILL offering.
This partnership potentially channels trillions of dollars in traditional assets through Ripple’s stablecoin infrastructure. RLUSD powers Ripple’s On-Demand Liquidity service, enabling seamless cross-border payments with direct USD conversion capabilities.
The stablecoin features compliance tools including clawback functionality for regulatory situations. New York Department of Financial Services approval provides additional institutional confidence for enterprise-level transactions.
Banks and financial firms prefer RLUSD’s consistent peg performance for internal settlement operations. The stablecoin’s regulatory framework addresses institutional risk management requirements in an evolving digital asset landscape.
XRP Ledger DeFi Integration Expands Use Cases
RLUSD integration with XRP Ledger’s EVM sidechain creates new decentralized finance opportunities. Ethereum-based applications can access XRPL’s low-cost infrastructure while maintaining RLUSD’s institutional liquidity depth.
This technical development attracts DeFi developers seeking enterprise-grade stability combined with decentralized application flexibility. Hidden Road and other companies combine RLUSD with XRP for streamlined institutional on-ramps and off-ramps.
XRP exchange-traded funds gain momentum as RLUSD provides underlying settlement infrastructure. The stablecoin connects Ripple’s broader financial services vision spanning lending, payments, and banking operations.
Trading pair availability varies across jurisdictions due to local regulatory requirements. Major exchanges continue evaluating RLUSD integration as institutional demand grows for compliant stablecoin solutions.
RLUSD’s perfect price peg and regulatory compliance position it as a preferred choice for institutional cryptocurrency operations requiring USD stability and enterprise-level reliability.
