Ripple’s RLUSD Approaches $900 Million Market Cap, Driven by Real-Asset Backing and Expanding Partnerships

Ripple’s USD-backed stablecoin, RLUSD, is surging towards a market capitalization of $900 million, according to its October 2025 attestation report. The report confirms that reserves exceed the circulating supply, showcasing strong backing as Ripple expands partnerships and integrates RLUSD more tightly with XRP. This rise in popularity is attributed to several key factors: expanding DeFi applications, growing institutional interest, and a focus on transparency.