XRP News Today: Demand for Regulated Stablecoins Pushes RLUSD to Top 10 in Year

Ripple's RLUSD stablecoin has surged past a $1 billion market capitalization, securing a spot in the top 10 largest U.S. dollar-pegged stablecoins less than a year after its December 2024 launch. The stablecoin, which now ranks 10th in the sector with a daily trading volume of approximately $174 million, has demonstrated rapid adoption driven by its compliance-focused design and institutional partnerships, according to Coinotag. This milestone underscores growing demand for regulated stablecoins in cross-border payments and institutional finance, with RLUSD's total supply reaching 1.02 billion tokens across Ethereum and the XRP Ledger, according to The Crypto Basic.

RLUSD's ascent reflects a 1,278% year-to-date growth, outpacing even established stablecoins like PayPal's PYUSD and First Digital's FDUSD, Coinotag reported. The token's success is attributed to its dual-chain architecture, which supports fast, low-cost transactions on the XRP Ledger while maintaining Ethereum's liquidity. Ripple President Monica Long emphasized the stablecoin's focus on "trust, utility, and compliance," noting its role in bridging traditional finance and blockchain infrastructure, as U.Today reports. The stablecoin is fully backed 1:1 by U.S. dollar reserves, audited monthly by third-party firms, and issued under New York State Department of Financial Services (NYDFS) oversight, The Crypto Basic reported.

Strategic partnerships have accelerated RLUSD's adoption. In July, Ripple partnered with The Bank of New York Mellon (BNY) as its primary custodian for RLUSD reserves, The Crypto Basic reported. Additional integrations with Brale and Securitize enable businesses to issue USD-backed stablecoins and facilitate tokenized fund swaps, The Crypto Basic added. Ripple also expanded into African markets via partnerships with Chipper Cash and VALR, bringing the stablecoin to millions of users, The Crypto Basic said. Institutional adoption has grown through Ripple Prime, its newly acquired prime brokerage, where customers use RLUSD as collateral for trades, as U.Today reported.

The stablecoin's performance highlights broader trends in the $200+ billion stablecoin market. RLUSD's 34.7% quarterly increase on the XRP Ledger—reaching $88.8 million in market cap—cements its dominance on the network, as Coinotag noted. Analysts note that its enterprise-grade design, tailored for institutional use, differentiates it from competitors like Tether (USDT) and Circle's USDC, Coinotag reported. "RLUSD is built for compliance and efficiency, meeting the needs of traditional finance while leveraging blockchain's advantages," said a Ripple spokesperson.

Looking ahead, RLUSD's integration with Ripple's over-the-counter (OTC) desk and global settlement platforms like Rail could further boost its utility, The Crypto Basic reported. The stablecoin's trajectory aligns with Ripple's vision to streamline cross-border payments, with CEO Brad Garlinghouse previously predicting the stablecoin market could reach $2 trillion by 2028, as U.Today reported. As regulatory scrutiny intensifies, RLUSD's transparent reserve structure and multi-chain flexibility position it as a key player in the evolving stablecoin landscape.