Key Highlights
- RLUSD has surpassed $1 billion in market capitalization, making it the seventh-largest stablecoin
- Its market capitalization jumped after Ripple actively pushed its integration in multiple markets
- GENIUS Act approval has accelerated the adoption of stablecoin
RLUSD, a stablecoin issued by Ripple, has surpassed the whopping $1 billion in market capitalization, making it the seventh-largest stablecoin.
RLUSD Adoption Grows Rapidly
At present, 1.02 billion stablecoin tokens are in circulation, according to CoinMarketCap. Just after the launch, RLUSD has rapidly evolved from a beta-tested asset on the XRP Ledger and Ethereum to a cornerstone of global financial innovation.
Backed 1:1 by U.S. dollar deposits, short-term Treasurys, and cash equivalents, RLUSD emphasizes regulatory compliance under the NYDFS charter, with monthly third-party audits ensuring transparency.
Its multi-chain architecture enables seamless interoperability, which makes it an enterprise-grade tool for payments, tokenization, and DeFi.
After surpassing $1 billion in market capitalization, RLUSD is directly giving competition to giants like USDT and USDC.
Ripple is working in the direction to expand its ecosystem. In January 2025, Ripple integrated it into its Ripple Payments network, which processes over $70 billion annually across more than 90 markets.
This multi-front integration has boosted its adoption in high-volume corridors like the Asia-Pacific, the UK, and the Middle East, through partnerships with payment processors and market makers.
Exchange listings have also boosted its adoption, debuting on Uphold, Bitso, MoonPay, Archax, and CoinMENA. RLUSD quickly added Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, and Zero Hash, with further rollouts to platforms like Bitpanda in Europe.
By mid-2025, Ripple acquired G-Treasury for $150 million, which embeds RLUSD into corporate treasury management for automated, blockchain-based cash flows. Additionally, expansions to new blockchains and DeFi protocols have bolstered its role in lending and DEX trading pairs.
RLUSD has also penetrated another booming sector of tokenized real-world assets (RWAs). Institutions use it as collateral for trading U.S. Treasurys and commodities on-chain, as seen in Ripple Prime’s brokerage platform post-Hidden Road acquisition.
Here, RLUSD secures OTC derivatives, with over $200 million in tokenized securities settled in Q3 2025 alone. In remittances, a Latin American corridor via Bitso processed $100 million in RLUSD transfers by September 2025.
GENIUS Act Approval Boosts Stablecoin Adoption
The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS), signed into law by President Donald Trump on July 18, has cleared regulatory hurdles for stablecoins.
This bipartisan mandate 1:1 reserves in liquid assets like USD and Treasurys. It also mandates monthly audits and prohibits deceptive marketing, fostering trust and stability.
By clarifying oversight, the Act has accelerated adoption. After the regulatory approval, the boom in the stablecoin market is undeniable. At the time of writing, the stablecoin market capitalization revolves around $315.16 billion.
Financial institutions are also joining the bandwagon of the opportunity. JPMorgan reports Circle’s USDC market share jumping to 25%, while PayPal’s PYUSD tripled its supply since July.
