Barely one year after its launch, Ripple’s RLUSD has crossed $1 billion in market capitalization, underscoring a strong growth trajectory for the stablecoin. Despite its surge, RLUSD ranks as the eighth-largest stablecoin and faces stiff competition from industry first-movers for market share.
RLUSD Clinches $1 Billion In Market Cap
Ripple’s RLUSD is inching toward stablecoin dominance after crossing the $1 billion market capitalization mark in under one year. According to CoinMarketCap data, the stablecoin has a total supply of $1.02 billion with nearly 7,000 holders across, signifying a rapid growth spurt.
On-chain data shows that $1.1 billion in RLUSD is held on Ethereum, while XRPL holds around $225 million. Debuting in December 2024, Ripple positioned RLUSD as a fully backed and transparent stablecoin for enterprise payment, on-chain liquidity, and institutional settlement.
RLUSD’s meteoric run in under a year is no accident, with Ripple actively pursuing regulatory compliance in several jurisdictions. The latest is RLUSD’s recognition as an Accepted Fiat-Referenced Token by Abu Dhabi’s FSRA, approving its use by authorized entities in Abu Dhabi Global Market (ADGM), a financial free zone in the UAE.
In mid-2025, RLUSD made its debut in Japan via a partnership with SBI Holdings, extending its market footprint. Previous partnerships with Chipper Cash, VALR, and Yellow Card introduced RLUSD into Africa, with the stablecoin growing by over $300 million following the collaborations.
Meanwhile, Ripple and Gemini have teamed up to enable RLUSD card settlements on the XRP Ledger. Keen on pushing RLUSD’s utility, Ripple initiated plans to acquire stablecoin platform Rail for $200 million.
A Long Way To The Top
Despite its meteoric run since launch, RLUSD faces an uphill climb in catching up with industry first-movers. For context, Tether’s USDT has a market capitalization of $186 billion while Circle’s USDC holds $76 billion in second place.
At the moment, RLUSD is the eighth-largest stablecoin, and a steady growth trajectory is billed to increase its standing. RLUSD is within reach of Global Dollar (USDG), while flipping WLFI’s USD1 at a $2.69 billion market capitalization may pose a stiff challenge for the Ripple stablecoin.
In its climb to the top, RLUSD will have to flip PayPal USD (PYUSD), DAI, and Ethena USDe before posing a challenge to USDT and USDC. However, recent regulatory clarity for stablecoins in the US via the signing of the GENIUS Act and heavy expansionist plans by Ripple are expected to be tailwinds for RLUSD’s quest to achieve stablecoin supremacy.
Source: https://zycrypto.com/ripples-rlusd-crosses-1-billion-in-market-capitalization-amid-skyrocketing-utility/
