- Ripple’s RLUSD stablecoin hit a $1B market cap in under a year, fueled by institutional demand.
- Asset is custodied by BNY Mellon and used as a settlement tool for BlackRock and VanEck funds.
- Ripple plans multichain expansion to Base and Optimism using Wormhole for cross-chain liquidity.
Ripple’s U.S. dollar stablecoin, RLUSD, has officially crossed the $1 billion market capitalization threshold less than a year after its debut. The token, which debuted on December 17, 2024, crossed the move in November 2025, according to statements from Ripple executives and public disclosures.
The achievement places RLUSD among the top five U.S. dollar stablecoins by market value within its first year, reflecting fast adoption across regulated and institutional-facing use cases. Company executives attributed the growth to compliance-focused design choices, custody arrangements, and integrations with tokenized financial products.
Related: Ripple Breaks XRP Isolation with RLUSD Expansion to Ethereum Layer 2s
Rapid Growth Within a Regulated Framework
Ripple executives confirmed that BNY Mellon holds RLUSD’s reserves and consist of cash and cash-equivalent assets. The reserves are subject to regular attestations conducted by Deloitte, which provides third-party verification of their backing.
Ripple also operates RLUSD under a license issued by the New York Department of Financial Services. At the same time, the Office of the Comptroller of the Currency has conditionally approved Ripple’s application for a national trust bank charter.
According to Ripple, this regulatory structure is intended to align the stablecoin with existing U.S. financial oversight standards. The company has emphasized that federal and state-level supervision supports RLUSD’s issuance and reserve management.
Integration With Tokenized Financial Products
RLUSD has found its product-market fit as a settlement layer for tokenized real-world assets (RWA). Through infrastructure partner Securitize, the stablecoin serves as a 24/7 off-ramp for heavyweights like BlackRock’s BUIDL fund and VanEck’s VBILL product.
International Recognition and Network Expansion
Beyond the United States, RLUSD has received regulatory recognition in several international financial centers. Ripple confirmed approvals or acknowledgments from regulators in Dubai through the Dubai Financial Services Authority and in Abu Dhabi via the Financial Services Regulatory Authority.
On the technical side, Ripple plans to expand RLUSD beyond its initial blockchain deployments. The company has outlined multichain expansion to Ethereum-based layer-two networks, including Optimism, Base, Ink, and Unichain.
This expansion will use Wormhole’s Native Token Transfers standard, enabling interoperability across supported networks. Ripple executives stated that the multichain strategy is designed to increase liquidity access across ecosystems, with further developments expected into 2026.
Related: Ripple’s RLUSD Surges Past $1 Billion Market Cap With Multi-Chain Strategy Driving Growth
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Source: https://coinedition.com/rlusd-hitting-1b-in-under-12-months-shows-compliance-works/
