Ripple’s RLUSD Reaches $293 Million Market Cap, Demonstrates Growing Demand

Ripple’s USD-backed stablecoin, RLUSD, has achieved a market capitalization of $293 million just months after its launch in December 2024. CoinMarketCap data shows a recent trading volume of over $36 million, indicating strong demand and adoption across global markets. The rise is attributed to both the growing enterprise user base and integration with Ripple’s core payment system. This has propelled RLUSD into more prominent roles within enterprise-level payment solutions, offering expedited and cost-effective cross-border payments.