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Ripple Stablecoin RLUSD Hits $1B Market Cap Milestone

#Ripple USD has surpassed a $1 billion market capitalization, marking a significant milestone less than a year after its launch. The $RLUSD #stablecoin officially launched in December 2024 and has achieved 1,278% year-to-date growth in market capitalization.

The stablecoin first broke through the $1 billion mark on Monday, just days after reaching $900 million on Oct. 24. Ripple stated that with Ripple Prime, GTreasury, and Rail now joining the effort, $RLUSD and $XRP will drive faster, efficient, and compliant settlement worldwide.

$RLUSD ranks as the 10th-largest U.S. dollar stablecoin by market capitalization, with daily trading volumes of $174 million. This is comparable to PayPal USD and Dai, which are ranked seventh and fifth, respectively, with similar trading volumes.

The stablecoin remains far behind giants such as Tether's $USDT with $183 billion and Circle's $USDC with $75 billion in market cap. Despite this gap, Ripple's stablecoin has emerged as a serious contender among U.S. dollar-pegged stablecoins.

Initially marketed as an enterprise-focused stablecoin, $RLUSD has gained notable traction among retail users. Growth came particularly through integrations with platforms like Transak and growing adoption across self-custodial wallets such as Xaman.

According to data from   RWA.xyz, #Ethereum-issued RLUSD continues to dominate with an 80% share. #XRP Ledger-based RLUSD has grown to around 20%, with the stablecoin's total supply standing at 1.02 billion units distributed across both networks.

The milestone came amid Ripple's announcement on Monday of an expansion of its over-the-counter services to include digital asset spot prime brokerage for U.S. markets. The OTC expansion followed Ripple's acquisition of crypto-friendly prime broker Hidden Road as part of a $1.25 billion deal finalized in October.