Ripple's RLUSD Surges 100% in Issuance, Driven by Enterprise Adoption

Ripple USD (RLUSD) has experienced a significant surge, with over $100 million issued since April 1, marking one of the highest releases in recent months as demand for the stablecoin continues to rise.

This week, Ripple issued $50 million worth of RLUSD on Tuesday, followed by another $50 million on Wednesday. This surge in issuance came after Ripple integrated RLUSD into its official payments system, which has further driven enterprise utility and demand for the asset. Well-known payment providers like BKK Forex and iSend have already started using RLUSD actively for transactions, thereby increasing the adoption rate of the stablecoin.

Industry experts believe that RLUSD has the potential to reshape the crypto market, posing competition to major stablecoins like Tether (USDT) and USD Coin (USDC). Former Binance CEO Changpeng Zhao remarked that while it may seem like a “stablecoin war,” it’s actually healthy competition that’s just getting started.

As RLUSD gains popularity, XRPL-based DeFi apps are expected to benefit, increasing demand for XRP tokens. RLUSD is a stablecoin tied 1:1 to the U.S. dollar, available on both the XRP Ledger and Ethereum, fully backed by U.S. dollar deposits, short-term Treasuries, and cash equivalents.

RLUSD maintains its $1 value through a 1:1 reserve, with each token backed by the same amount in fiat. Users can create RLUSD by depositing dollars with trusted partners or get cash by burning their tokens. The price stays stable through market actions: if RLUSD drops below $1, traders buy it to redeem at $1, increasing demand; if it’s above $1, they mint more, boosting supply.

RLUSD also offers security for big investors. A new ‘clawback’ feature allows the issuer to recover tokens from wallets if there’s fraud, illegal activity, or accidental transfers.

Since its launch in December 2024, RLUSD has gained strong global traction, reaching nearly $250 million in market cap. This shows growing demand for a USD-backed stablecoin designed with enterprise-grade security and compliance in mind. In addition to partners and exchanges LMAX Digital, Zero Hash, Bitstamp and Bullish, RLUSD was recently made available on Kraken, one of the world’s longest-standing crypto exchanges, further extending access and availability to retail users.