Ripple’s RLUSD Hits $500M as Stablecoin Race Heats Up
Ripple’s US dollar-pegged stablecoin, RLUSD, has reached a $500 million market cap in just seven months, cementing its place among the top 20 dollar stablecoins.
Data from CoinGecko shows it boasts a daily trading volume of around $26 million, with issuance spanning both the XRP Ledger and Ethereum.
The surge comes amid Ripple’s push for a national trust-bank charter, which would enable it to operate under federal banking regulations—similar to Circle’s recent application. Such a license would allow Ripple to hold customer deposits and manage reserves directly.
Backed 1:1 by cash, cash equivalents, and US Treasuries, RLUSD’s growth reflects broader regulatory shifts. Under the Trump administration, agencies like the OCC have eased restrictions, allowing banks to engage more freely with crypto assets.
