XRP News Today: Regulatory Wins and Partnerships Push RLUSD to $1.2B, Top 12 Rank

Ripple's RLUSD stablecoin has surged past a $1.26 billion market cap, signaling a pivotal shift in the stablecoin landscape as the token solidifies its position among the world's largest dollar-pegged assets. According to data from Ripple's Stablecoin Tracker, the company has accelerated RLUSD minting on the XRP Ledger, with recent additions including a 50 million RLUSD issuance on Nov. 3 and a 15 million RLUSD mint on Nov. 25. This aggressive expansion has propelled RLUSD to rank as the 12th-largest USD stablecoin globally, surpassing legacy tokens like TUSD and GUSD.

The rapid growth is underpinned by regulatory milestones in key markets. Ripple's RLUSD has secured formal recognition as an Accepted Fiat-Referenced Token by Abu Dhabi's Financial Services Regulatory Authority (FSRA), enabling its use in the Abu Dhabi Global Market for payments and collateral. This approval, announced in November 2025, positions RLUSD to compete directly with established stablecoins like USDT and USDC in the UAE's $400 billion trade sector. Jack McDonald, Ripple's senior vice president of stablecoins, emphasized that the token's compliance with reserve and transparency standards has driven institutional adoption, with its market cap now exceeding $1.2 billion.

Strategic partnerships and regulatory alignment have further fueled RLUSD's adoption. Ripple has secured approvals in Bahrain, Africa, and Asia, including collaborations with Zand Bank and Absa Bank, while expanding into Japan via SBI VC Trade. These moves align with the company's broader vision to integrate RLUSD into cross-border payment systems and capital markets, leveraging its 1:1 U.S. dollar backing and New York DFS trust charter. Teucrium Trading CEO Sal Gilbertie highlighted Ripple's potential to challenge JPMorgan in high-volume settlement markets, noting the company's disciplined approach to blockchain infrastructure and its pending U.S. banking charter application.

The stablecoin's rise reflects a broader shift in institutional demand for compliant digital assets. With a market cap surpassing $1.2 billion, RLUSD now ranks alongside mid-tier stablecoins like DAI and USDS, while outpacing smaller tokens. This growth is supported by Ripple's focus on collateral and settlement use cases, which McDonald described as "core financial applications" driving its adoption. Meanwhile, the UAE's proactive regulatory environment-marked by a 55% surge in stablecoin activity in 2024-has positioned it as a critical hub for RLUSD's expansion.

Looking ahead, Ripple's ability to secure a U.S. banking license could amplify its competitive edge. A charter from the Office of the Comptroller of the Currency (OCC) would enable the company to offer custody solutions for RLUSD, further integrating it into traditional finance. As global regulators increasingly recognize the role of stablecoins in cross-border trade and institutional finance, RLUSD's trajectory underscores the potential for compliant digital assets to redefine financial infrastructure.