XRP News Today: Ripple's RLUSD Market Cap Surpasses $440 Million, XRP Ecosystem Expands

Ripple's latest stablecoin, RLUSD, has expanded the company's reach into traditional finance, with institutions like AMINA Bank AG adopting it. Since its launch in mid-December 2024, RLUSD's market capitalization has surpassed $440 million, indicating a growing interest in stablecoins. However, despite RLUSD's success, XRP remains the core cryptocurrency driving Ripple's ecosystem.

RLUSD is designed to serve as a fiat bridge, enabling banks and enterprises to leverage blockchain technology without dealing with XRP's price volatility. It is regulated by the New York Department of Financial Services and is already being integrated by institutions. Ripple is also pushing further into the financial system by applying for a federal banking charter, with its subsidiary Standard Custody holding a Fed master account.

One of the most significant developments for XRP is the launch of the XRPL EVM Sidechain, which allows Ethereum-compatible smart contracts and decentralized applications (dApps) to run on the XRP Ledger. This sidechain uses XRP as its gas token, similar to how Ethereum uses ETH. Every transaction and smart contract interaction on this sidechain will require XRP, directly tying the token to the growing XRPL ecosystem.

Crypto analyst Jungle Inc. compares this setup to Ethereum's, where USDC provides stable value but ETH remains essential for gas. Similarly, RLUSD brings stable value, the EVM sidechain empowers developers, and XRP remains the fuel for the system and the bridge for global payments. This integration is expected to drive long-term growth for XRP, as Ripple invests heavily in building out the ecosystem.

Despite the launch of RLUSD, XRP's role in the Ripple ecosystem continues to grow, supported by both technical infrastructure and real-world integrations. The recent funding deal secured by Webus, involving $100 million, further supports the adoption of XRP. This deal is seen as a bullish indicator for the ongoing XRP price predictions for 2025 and beyond. The potential for Ripple to obtain a national bank charter could be a game-changer, allowing the company to hold RLUSD reserves directly with the Federal Reserve. This move would significantly enhance the security and stability of RLUSD, potentially making it one of the most secure stablecoins available.

Ripple's efforts to secure a national bank charter are part of a broader strategy to integrate its technologies more deeply into the traditional financial system. This integration could lead to faster and cheaper global payments, benefiting both Ripple and its users. The confidence in Ripple's future is reflected in the rising price of XRP, which has been on an upward trajectory as more institutions and banks show support for the cryptocurrency.

Despite the focus on RLUSD, XRP continues to be the backbone of Ripple's operations. The cryptocurrency's market dynamics have captured the attention of crypto enthusiasts, who anticipate a rally for XRP in the near future. The potential for XRP to hit $50 if Ripple secures a bank license has been a topic of discussion among analysts, although this remains a speculative forecast. The current market value of XRP stands at $135 billion, with the cryptocurrency trading at $2.30 as of June 10.

Ripple's efforts to bring XRP and RLUSD to real-world payments are also noteworthy. The company is working to integrate these cryptocurrencies into various payment systems, from retail stores to restaurants, making stablecoin payments a reality both online and offline. This initiative underscores Ripple's commitment to expanding the use of its technologies in everyday transactions, further solidifying XRP's role in the company's ecosystem.