Ripple’s RLUSD Stablecoin Sees 63.7% Trading Volume Surge After Gemini Listing

Gemini, a prominent cryptocurrency exchange, has listed Ripple’s RLUSD stablecoin, enabling trading, deposits, and withdrawals. This move marks a significant milestone in the adoption of RLUSD, as it becomes available on another major platform. The announcement was made via Gemini’s official X account, highlighting the ease of access for users to buy, sell, and store RLUSD.

Gemini’s listing of RLUSD follows similar moves by other major exchanges. Bitstamp enabled trading for the stablecoin on January 8, and Kraken followed suit on April 2. This trend indicates a growing acceptance and integration of RLUSD within the cryptocurrency market. The listing on Gemini has had a positive impact on RLUSD, with its 24-hour trading volume surging to over $52 million, reflecting a 63.7% increase. This surge in trading volume underscores the heightened market interest and growing confidence in RLUSD as a reliable store of value.

Since its launch late last year, RLUSD has seen remarkable growth. Its market capitalization has risen 338.6% since the beginning of 2025, positioning it as a promising stablecoin in the growing market. As of the latest data, its market cap stands at $317 million. Although this figure remains modest compared to industry leaders like Tether (USDT) and USDC (USDC), analysts remain optimistic about RLUSD’s prospects. The stablecoin’s use as collateral across all of Hidden Road’s prime brokerage products is expected to trigger substantial demand. Additionally, Ripple pledged $25 million in RLUSD to US public education initiatives, showcasing its real-world utility and potential for further adoption.

The broader stablecoin ecosystem is also positioned for significant growth. According to forecasts from the US Treasury, the market capitalization could reach $2 trillion by 2028. Furthermore, Citigroup’s projections estimate that the market cap could soar to $3.7 trillion by 2030. This overall expansion of the stablecoin market is expected to benefit RLUSD as well, driving further integration and usage as the demand for stablecoins continues to rise. The listing of RLUSD on Gemini not only reflects its increasing adoption but also positions it favorably in the competitive landscape of stablecoins. With substantial growth in trading volume and market cap, RLUSD is becoming a noteworthy player, promising further advancements in the evolving cryptocurrency ecosystem.