XRP Ecosystem Strengthens as Ripple’s RLUSD Stablecoin Surpasses $500M Market Cap
Ripple’s dollar-pegged stablecoin, RLUSD, has achieved a significant milestone by surpassing $500 million in market capitalization just seven months after its launch. This rapid growth highlights strong demand for the stablecoin, even as the sector faces increasing regulatory scrutiny. The milestone was reached on July 8, 2025, driven by heightened minting activity and exchange inflows, pushing the circulating supply beyond 501 million tokens. RLUSD distinguishes itself from algorithmic competitors through monthly reserve audits and full backing by cash equivalents, reinforcing trust and stability in the XRP ecosystem. This achievement underscores Ripple’s growing influence in the digital asset space and its ability to deliver innovative financial solutions.
Ripple’s RLUSD Stablecoin Surpasses $500M in Market Cap
Ripple’s dollar-pegged stablecoin RLUSD has eclipsed $500 million in market capitalization just seven months after launch, signaling robust demand in a sector under increasing regulatory scrutiny. The milestone was reached on July 8 as minting activity and exchange inflows pushed circulating supply past 501 million tokens.
Monthly reserve audits and full backing by cash equivalents distinguish RLUSD from algorithmic competitors. Adoption accelerated following April’s integration with Ripple Payments and a recent banking partnership with OpenPayd, driving 16 million new tokens minted in July alone.
Though still dwarfed by Tether and USDC, RLUSD’s ascent reflects growing institutional preference for transparent, compliant stablecoins amid ongoing U.S. regulatory debates.
XRP Hits 45-Day High as Technical Indicators Signal Further Gains
XRP surged to $2.83 during early U.S. trading hours, marking its highest level since May 23. The MOVE coincided with a bullish crossover in the Guppy multiple moving average indicator, a technical tool tracking short- and long-term trends.
The cryptocurrency's breakout suggests upward momentum could continue, with analysts eyeing a retest of May's $2.649 peak. Market technicians note the Guppy indicator's short-term averages have crossed above their long-term counterparts—a classic buy signal that historically precedes extended rallies.
Ripple CEO Urges CLARITY Act Passage After XRP Legal Victory
Ripple CEO Brad Garlinghouse has submitted testimony ahead of a pivotal Senate Banking Committee hearing, framing the company's legal victory over the SEC as a watershed moment for crypto regulation. A federal court ruled XRP is not inherently a security, resolving a four-year battle that had clouded the digital asset market.
The ruling establishes critical precedent for other cryptocurrencies facing similar regulatory uncertainty. Garlinghouse emphasized the need for Congress to pass the CLARITY Act, arguing clear legislation is essential to maintain U.S. competitiveness in blockchain innovation while protecting investors.
This development comes as lawmakers grapple with establishing coherent digital asset frameworks. The July 9 hearing could mark a turning point in how cryptocurrencies are classified and regulated in the United States.
