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06/21 09:49

The market capitalization of Ripple's stablecoin

The market capitalization of Ripple's stablecoin is growing - what should we expect?

Ripple has released another 13 million RLUSD tokens, bringing the dollar-pegged stablecoin closer to half a billion in market capitalization.

The transaction, confirmed via Etherscan, is directed to a known liquidity address, suggesting a likely deployment of trading platforms or decentralized finance (DeFi) applications.

According to the Ripple Stablecoin Tracker, the latest issuance brings the market cap of RLUSD to approximately $428.7 million. Analysts believe that if current demand continues, the $500 million threshold could be reached within weeks – a milestone that could attract the attention of institutional players.

RLUSD was launched by Ripple as a competitor to USDT and USDC, with applications in payments, trading, and on-chain liquidity. The rapid growth in supply suggests that the stablecoin is gaining popularity, especially in the DeFi ecosystem. On-chain data also reveals a healthy distribution of holdings, with no single wallet dominating the supply, a sign of growing organic adoption.

Ripple’s accelerated issuance activity – just days after issuing another 10 million RLUSD – is in line with broader speculation that regulatory clarity from the recently passed GENIUS Act is fueling interest in U.S.-based stablecoins. Reaching the $500 million threshold could position RLUSD as a serious contender in the stablecoin market and open the door to expansion into new platforms and jurisdictions.

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