"RLUSD's growth has been remarkable. The dollar-backed stablecoin was introduced on the XRP Ledger in late 2024 under New York's strict trust charter. Within a year, RLUSD hit a $1 billion market cap, making it the 10th-largest dollar stablecoin globally. By November 2025, its circulating supply reached about $1 billion, split between Ethereum ($819 million) and the XRPL ($203 million)."
"Data show that RLUSD transaction volume jumped 210% over 30 days, to over $4 billion, even as the number of transactions (on both chains) climbed 26%. CryptoSlate reports "987% growth since its December 2024 launch," reaching $839.9 million supply (just before $1 billion). This growth has been fueled by rising institutional demand, expanding payment flows, and recent acquisitions (e.g., Hidden Road prime brokerage and GTreasury), which created new distribution channels."
RLUSD launched on the XRP Ledger in late 2024 under New York's trust charter and reached a $1 billion market cap within a year, ranking among the top ten dollar-backed stablecoins. By November 2025, circulating supply was about $1 billion, divided between Ethereum ($819 million) and XRPL ($203 million). Institutional demand and expanding corporate payment flows drove rapid adoption, with transaction volume rising 210% over 30 days to over $4 billion and transactions increasing 26%. Recent acquisitions, including Hidden Road and GTreasury, added distribution channels. Ripple President Monica Long calls RLUSD the primary stablecoin for Ripple's payment rails. Analysts remain divided on RLUSD's impact on XRP.
Read at 24/7 Wall St.
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