$RLUSD Hits $500 Million Market Cap Seven Months After Launch


#Ripple's dollar-pegged stablecoin $RLUSD has surged past $500 million in circulating supply within seven months of its December 2024 launch.


The token ranks among the top 20 largest dollar #stablecoins with roughly $26 million daily volume.


$RLUSD operates on both $XRP Ledger and Ethereum, backed 1:1 by cash, cash equivalents, and short-term U.S. treasuries.


Ripple is pursuing a national trust-bank charter from the Office of the Comptroller of the Currency to hold customer deposits directly.


The federal license would enable $RLUSD issuance under the same regulations governing federally supervised banks.


The growth comes amid pro-crypto regulatory changes under the #DonaldTrump administration, with agencies permitting banks to offer crypto services.


Dollar-linked tokens now represent nearly $250 billion in market value, over 95% of the total $260 billion #stablecoin market.

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July 09, 2025 at 2:37 PM
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