TLDR
- Ripple’s RLUSD stablecoin reached a market capitalization of $1 billion in less than one year after launch.
- RLUSD has recorded a 1,278 percent year-to-date growth in market capitalization since its December 2024 debut.
- RLUSD now ranks as the tenth largest US dollar-pegged stablecoin in the market.
- Daily trading volumes of RLUSD have reached approximately $174 million according to CoinGecko.
- Ripple has expanded its services to include spot prime brokerage in the US market.
Ripple’s RLUSD stablecoin crossed $1 billion in market capitalization less than a year after its December 2024 launch. The asset has seen a 1,278% increase year-to-date, as reported by CoinGecko and other price-tracking platforms.
On Monday, RLUSD broke past the $1 billion mark after recently reaching $900 million on October 24. The milestone positioned RLUSD as the 10th largest USD-pegged stablecoin by market capitalization.
Ripple stated in a post, “With Ripple Prime, GTreasury, and Rail now joining, RLUSD and XRP will power compliant global settlement.” The post was made on X, Ripple’s preferred platform for updates and communication.
Daily volumes rise as RLUSD competes with PayPal USD and DAI
RLUSD now records daily trading volumes around $174 million, data from CoinGecko shows. This figure places RLUSD close to PayPal USD (PYUSD) and Dai (DAI), which rank higher in market cap.
The stablecoin has maintained a $1 peg while expanding across both retail and enterprise segments. Ripple initially introduced RLUSD as an enterprise-focused asset, but adoption has grown across broader markets.
Self-custodial wallets such as Xaman have seen increased RLUSD activity in recent weeks. Transak, a fiat-to-crypto provider, also integrated the asset for wider consumer access and conversions.
RLUSD continues expanding across Ethereum and XRP Ledger networks, according to RWA.xyz data. Ethereum-based RLUSD holds 80% of the supply, while XRP Ledger-based RLUSD has grown to nearly 20%.
Ripple expands services following $1.25B Hidden Road acquisition
Ripple recently announced a move into digital asset prime brokerage services in the United States. This new service is an expansion of its existing over-the-counter (OTC) offerings. The expansion follows Ripple’s October acquisition of crypto broker Hidden Road. The acquisition closed as part of a $1.25 billion deal aimed at enhancing liquidity access.
Ripple now offers spot brokerage services to US-based institutional clients. This effort aligns with RLUSD’s positioning as a bridge for compliant and efficient asset settlement.
The firm continues to develop infrastructure supporting RLUSD and XRP ecosystem services. These include custody, trading, and settlement tools tailored for both enterprise and individual users.
At the time of writing, RLUSD remains the tenth largest USD stablecoin in circulation. Ripple maintains active development on both Ethereum and XRP Ledger to support further RLUSD distribution.
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