Ripple’s RLUSD Achieves $244 Million Market Cap, Signaling Growing Adoption on XRPL

Ripple’s USD-pegged stablecoin, RLUSD, closed the first quarter of 2025 with a combined market capitalization of $244.2 million across the XRP Ledger (XRPL) and Ethereum. This accomplishment highlights the increasing adoption of RLUSD, pushing the total market cap of fungible tokens on XRPL to $281.5 million – up 6.5% quarter-over-quarter. RLUSD’s strong performance is particularly noteworthy as it surpasses the largest stablecoins like Tether (USDT) and USD Coin (USDC), which have dominant market caps in excess of $144 billion and $60 billion respectively.