Ripple’s RLUSD Stablecoin Reaches $1 Billion Market Cap in Under a Year

Ripple’s US dollar-pegged stablecoin, RLUSD, has experienced explosive growth, soaring to become one of the top ten stablecoins by market capitalization within just over a year. This remarkable feat has been achieved despite entering the market only last December 2024, and with its recent crossing of the $1 billion mark – a testament to growing confidence in Ripple’s expanding digital asset ecosystem. RLUSD’s rapid rise can be attributed to several factors including partnerships with GTreasury, Ripple Prime, and Rail which facilitate faster global settlements for its users. Additionally, retail adoption is gaining momentum thanks to integrations with platforms like Transak, Xaman wallets, and the dual-chain support on Ethereum and XRP Ledger. This success has been bolstered by Ripple’s acquisition of Hidden Road, further strengthening their ecosystem and bridging traditional finance with digital asset liquidity.