Ripple’s RLUSD stablecoin has eclipsed $500 million in market cap within seven months of launch, signaling strong demand for the dollar-pegged asset. Trading at roughly $26 million daily, it now sits comfortably in CoinGecko’s top 20 stablecoins by market cap.
The rapid adoption follows Ripple’s bid for a U.S. trust-bank charter, which would grant it federal oversight—a move also pursued by Circle. If approved, Ripple could directly custody reserves and expand institutional offerings.
Launched in late 2024, RLUSD is fully collateralized by cash and short-term Treasuries. Its rise aligns with a friendlier crypto regulatory climate, including recent OCC guidelines permitting banks to handle digital assets.
