Ripple’s RLUSD Stablecoin Smashes $500M Milestone—Here’s Why It Matters

Ripple’s RLUSD just crossed the half-billion-dollar mark—proving even skeptics can’t ignore stablecoin momentum.

The TL;DR on RLUSD’s Rise

No fancy tricks here. RLUSD hit $500M in market cap by doing what stablecoins do best: offering a crypto safe haven while TradFi banks trip over their own regulations.

Why This Isn’t Just Another Stablecoin Stat

Ripple’s playing the long game. While other stablecoins chase hype, RLUSD’s growth signals institutional confidence—even if Wall Street won’t admit it yet.

The Punchline

Another day, another nine-figure crypto milestone. But this time? The suits might actually be paying attention.

Ripple unveiled RLUSD in December 2024, stating every token was fully backed by cash, short-term US Treasuries, and other cash equivalents held in segregated accounts. The firm also pledged monthly reserve attestations by an independent auditor. 

RLUSD’s growth accelerated after April, when it was added to Ripple Payments for enterprise transfers and, more recently, after Ripple struck an on-ramp deal with bank-as-a-service provider OpenPayd. On-chain data showed more than 16 million fresh tokens have minted since July 1, helping lift its total value over the symbolic threshold. 

Analysts say this jump, while small beside giants USDT and USDC, signals rising appetite for fully audited and compliant alternatives. Whether RLUSD can hold its new level remains to be seen as it depends on further exchange listings and the outcome of the US stablecoin legislation now working through Congress.

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