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Tuesday Nov 4 2025 14:00
1 min
Ripple USD (RLUSD), the stablecoin launched by Ripple, has reached a significant milestone, surpassing $1 billion in market capitalization. This achievement comes less than a year after the stablecoin's official launch in December 2024, representing a remarkable 1,278% year-to-date growth.
The stablecoin broke through the $1 billion mark on Monday, just days after reaching $900 million on Oct. 24, according to CoinGecko data.
"With Ripple Prime, GTreasury, and Rail now joining the effort, RLUSD and XRP will drive faster, efficient and compliant settlement worldwide," Ripple stated in an X post on Monday. "This is how we advance the future of finance."
While RLUSD still lags behind stablecoin giants like Tether's USDT (with a market cap of $183 billion) and Circle's USDC (with a market cap of $75 billion), Ripple's stablecoin has emerged as a serious contender among USD-pegged stablecoins.
Currently, RLUSD ranks as the 10th largest USD stablecoin by market capitalization, boasting a daily trading volume of $174 million, comparable to PayPal USD (PYUSD) and Dai (DAI), which rank seventh and fifth, respectively.
Initially marketed as an "enterprise-focused" stablecoin, RLUSD has gained notable traction among retail users, particularly through integrations with platforms like Transak and increasing adoption across self-custodial wallets, such as Xaman.
According to data from RWA.xyz, Ethereum-issued RLUSD continues to dominate with an 80% share, while XRP Ledger-based RLUSD has grown to around 20%.
This milestone coincides with Ripple's announcement of an expansion of its over-the-counter (OTC) services to include digital asset spot prime brokerage for US markets on Monday. The OTC expansion followed Ripple’s acquisition of crypto-friendly prime broker Hidden Road as part of a $1.25 billion deal finalized in October.
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
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