Ripple’s RLUSD Stablecoin Hits $1B Market Cap in Under a Year

• Ripple’s RLUSD stablecoin has passed $1 billion market cap less than a year after launch
• RLUSD is now the 10th largest USD-pegged stablecoin
• Market cap has grown 1,278% year-to-date
• Adoption boosted through Ripple Prime, GTreasury, Rail, and retail wallet integrations
• RLUSD runs on both Ethereum and XRP Ledger, with Ethereum leading at 80% liquidity
• Growth comes as Ripple expands OTC and prime brokerage services in the US market

Ripple’s U.S. dollar–pegged stablecoin, Ripple USD (RLUSD), has reached a major milestone by surpassing $1 billion in market capitalization. The stablecoin achieved this growth in less than a year, showing strong adoption across both institutional and retail markets.

Launched in December 2024, RLUSD has recorded an impressive 1,278% increase in market cap so far in 2025, according to CoinGecko. The stablecoin crossed the $1 billion mark just days after climbing past $900 million, reflecting steady demand and expanding use cases.

Ripple highlighted that the adoption of RLUSD is being supported by its broader financial ecosystem, including Ripple Prime, GTreasury, and Rail, which aim to improve global settlement networks. Ripple says RLUSD is designed for fast, efficient, and compliant transactions, positioning it as part of its vision for modern global payments.

While RLUSD is still much smaller than market leaders like USDT ($183B) and USDC ($75B), it now ranks as the 10th largest USD stablecoin. RLUSD’s current daily trading volume is $174 million, which puts it in the same range as PayPal USD (PYUSD) and DAI.

Though it was initially promoted as an enterprise-focused stablecoin, RLUSD has also seen strong retail adoption, helped by integrations with consumer platforms such as Transak, and self-custody wallets like Xaman.

Data also shows RLUSD circulates mainly on Ethereum, which holds 80% of supply, while the XRP Ledger accounts for roughly 20%, and is gradually expanding its share.

This milestone also comes shortly after Ripple announced the expansion of its OTC services to include crypto spot prime brokerage in the U.S. The expansion follows Ripple’s acquisition of crypto prime broker Hidden Road in a $1.25 billion deal, finalized in October.

Final Thought

RLUSD’s rapid rise shows that stablecoins backed by established blockchain networks can still enter the market and grow quickly when offered with strong settlement tools and real-world integrations. As Ripple continues expanding its financial services and infrastructure, RLUSD could become an even more notable player in global payment systems.