Ripple's RLUSD Gains 338.6% Adoption, Surges 63.7% in Trading Volume on Gemini

Gemini, a prominent cryptocurrency exchange, has recently added Ripple’s stablecoin, RLUSD, to its trading platform. This move allows users to engage in trading, deposits, and withdrawals using RLUSD, which was introduced by Ripple in December 2024. RLUSD is designed to maintain a 1:1 correlation with the U.S. dollar and is backed by dollars, short-term U.S. Treasuries, and cash equivalents. Users have the flexibility to choose between the XRP Ledger and Ethereum blockchains when utilizing RLUSD.

Since its introduction, RLUSD has gained significant traction, with its market capitalization reaching $317 million. This represents a substantial 338.6% increase in adoption since 2025. The stablecoin's popularity is further evidenced by a 63.7% surge in trading volume to over $52 million following its listing on Gemini. This rapid growth highlights the increasing interest and trust in RLUSD as a reliable tool for traders and enterprise clients.

Ripple has been actively producing large batches of RLUSD tokens to meet the growing demand. On April 25, 2025, the Ripple Treasury released three mint batches totaling 38 million RLUSD, with individual batches of 11.5 million, 11.5 million, and 15 million tokens. These tokens are distributed across various liquidity pools and payment networks, enhancing RLUSD's capacity and accessibility.

RLUSD's versatility extends to a wide range of transactions, including backing for transactions and trading with centralized banks. Notably, Mercy Corps Ventures and DIVA Donate have collaborated with Ripple to utilize RLUSD for real-life aid delivery to Kenya, demonstrating its potential to simplify international financial processing.

Gemini joins a growing list of exchanges, including Bitstamp and Kraken, that offer RLUSD trading services. By expanding its availability, RLUSD aims to improve cross-border payments and provide stablecoin storage options for users seeking crypto-to-fiat exchange. Ripple's strategy of partnering with multiple exchanges positions RLUSD as a major competitor to established stablecoins like Tether and USDC.

In addition to traditional exchanges, RLUSD has also been integrated into decentralized finance (DeFi) platforms like Aave V3 Ethereum Market. This integration allows users to lend and borrow RLUSD tokens, with a maximum of 5 million tokens available for lending and 50 million tokens for providing liquidity. This expansion into DeFi platforms further solidifies RLUSD's market presence and utility.

Ripple's commitment to financial regulations ensures that RLUSD operates under strict guidelines. As a digital asset, RLUSD is governed by New York State’s limited purpose trust company charter and adheres to DFS regulations. This regulatory compliance enhances RLUSD's reliability as a platform for real-world financial settlements.

The market's support for RLUSD is evident in its high trading activity, with the stablecoin's volume representing 12.08% of its total value. This indicates better capital efficiency compared to other stablecoins like USDC and PayPalUSD. Ripple's continued investment in public schools, including a $25 million contribution in RLUSD, further demonstrates the practical applications of the stablecoin in daily life.