Ripple USD hits another major milestone, surpassing $1 billion in supply on Ethereum. This rapid growth has strengthened RLUSD's position among leading stablecoins, confirming sustained demand across exchanges, wallets and payment services. For an asset less than a year old, this threshold represents a notable advance for a dollar-indexed stablecoin.
In brief
- RLUSD supply on Ethereum reaches $1.261 billion, marking a major rise and cementing its status among the leading stablecoins.
- Daily volume exceeds $43 million, a sign of regular usage and growing confidence of traders on the main platforms.
- New listings, expanded wallet support, and controlled issuance fuel the rise of RLUSD.
- The approval obtained in Abu Dhabi now allows RLUSD to be used as loan collateral, strengthening its real usefulness and regulatory positioning.
Rapid growth of RLUSD signals increased competition in the stablecoin market
The supply of RLUSD on Ethereum reached $1.261 billion, matching its current market cap. Launched about a year ago, this pace of adoption shows that users are gradually integrating RLUSD into the Ethereum ecosystem.
On-chain data indicates that more than 1.02 billion tokens have been minted and are active on the network, improving market liquidity and solidifying RLUSD's place in an industry historically dominated by USDT and USDC.
Market data shows that RLUSD records more than $43 million in daily trading volume, putting it closer to PYUSD, PayPal's stablecoin. This illustrates the frequent use of the token by traders.
Although its supply remains well below the approximately $183 billion of USDT and $75 billion of USDC, RLUSD has risen to 8th place among stablecoins by capitalization, a rapid progression for a new entrant.
Ripple's stablecoin outpaces BONK as its capitalization exceeds $1.26 billion
Crypto market observers point out that this growth of the stablecoin is based on several factors. The support of exchanges, wallets and payment services has largely contributed to increasing its adoption, particularly among the retail public.
Ripple has also maintained a cautious minting policy, increasing the supply of RLUSD at a measured pace in order to remain aligned with actual demand. Activity continues to grow: in the last 72 hours, an additional 10 million RLUSD was minted on the XRP Ledger. Analysts believe this trend reflects growing interest from traders and institutions.
Several elements contributed to this expansion:
- New listings on exchanges, notably Bitget.
- A continuing broadcast on Ethereum and the XRP Ledger.
- Use in cross-border settlement services, for both retail and institutional users.
- Increased availability in decentralized wallets.
Advances in the Middle East have also added to the momentum around RLUSD. The asset recently gained approval from Abu Dhabi to be used as loan collateral in the Abu Dhabi Global Market Free Financial Zone.
Users in the region can now lock RLUSD as collateral on recognized platforms, strengthening its practical utility and further anchoring it in regulated finance.
Recent market movements have allowed RLUSD to surpass BONK in terms of total valuation. With a capitalization of $1.261 billion, RLUSD now surpasses BONK, which fell to $823.59 million. A development which confirms the growing role of stablecoins in the global crypto market.
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