RLUSD Trading Volume Plunges 40% After Bullish’s Massive $1.15B Settlement Shakes Market

Another day, another crypto domino falls—this time it's RLUSD taking the hit after Bullish's billion-dollar settlement sends shockwaves through the market.

Market Impact: Immediate Fallout

Trading volume didn't just dip—it cratered. A 40% nosedive tells you everything about trader sentiment when giants stumble. Liquidity pools suddenly look shallower, and arbitrage bots are scrambling for exits.

Settlement Shockwaves

That $1.15B settlement wasn't just a line item—it was a credibility quake. When compliance costs hit seven figures, even 'decentralized' projects start looking awfully centralized. Regulators circle, and suddenly everyone remembers why they diversified.

Stablecoin Stability Test

RLUSD's stress test became a market-wide reality check. Peg maintenance turns into a high-wire act when volume evaporates. Algorithmic or backed—it doesn't matter when confidence flees faster than a yield farmer chasing APY.

Finance's eternal cycle continues: create innovation, attract capital, draw scrutiny, pay lawyers—repeat until profitable. Maybe next time they'll budget for the fines upfront.

TLDR

• RLUSD trading volume dropped by 40.7% in the last 24 hours.
• The volume decline followed the conclusion of Bullish’s $1.15 billion IPO settlement in RLUSD.
• RLUSD’s market cap rose to $666.56 million despite the sharp drop in volume.
• Bullish accounted for more than 76% of RLUSD’s total trading activity.
• RLUSD moved up to the 102nd position in market capitalization ranking.

The Ripple USD (RLUSD) stablecoin has experienced a sharp 40.7% drop in trading volume over the last 24 hours. CoinMarketCap data shows volume fell to $107.85 million, raising concern across the digital asset community. This sudden drop comes days after a significant milestone involving RLUSD and Bullish’s IPO settlement.

Bullish’s IPO Pushes RLUSD Into Spotlight

On August 19, Bullish confirmed that it settled proceeds from its Initial Public Offering (IPO) using RLUSD. The settlement involved $1.15 billion in stablecoins, marking the first time a public listing used a stablecoin. Many viewed the move as a breakthrough for RLUSD and a sign of growing adoption.

Following the announcement, RLUSD saw a temporary surge in market activity. The IPO created heightened speculative trading, especially on the Bullish platform. Bullish contributes over 76% of RLUSD’s trading volume, intensifying the effect of its activity on the market.

However, the IPO settlement has now concluded, and the associated volume has normalized. RLUSD’s trading activity dropped significantly after the initial HYPE subsided. This correction appears tied to the end of the IPO-related trading rush.

Market Reaction and Volume Collapse

Despite expectations of sustained growth, RLUSD’s trading volume fell by more than 40% within a single day. This drop comes as a surprise to many who anticipated stronger post-IPO performance. Yet, the decline is largely attributed to reduced speculative activity.

The temporary nature of the IPO-linked volume surge has become apparent. With the event complete, RLUSD faces a more typical trading environment. This normalization contrasts with the earlier Optimism around growing demand.

Notably, the volume decline has not dampened RLUSD’s market cap growth. The stablecoin continues to climb in rankings, driven by broader adoption trends. As of now, RLUSD stands at 102nd place with a $666.56 million market cap.

RLUSD Gains Market Traction Amid Legislation Tailwind

While trading volume fell, RLUSD’s market cap has risen from $602.6 million to $666.56 million. The coin recently surpassed Zcash in rankings, underlining continued investor interest. This trend suggests long-term confidence in RLUSD despite short-term corrections.

Analysts expect further momentum from recent U.S. legislative changes. The GENIUS Act, recently passed, may offer regulatory clarity that benefits RLUSD. Legal expert John Deaton named RLUSD as a likely beneficiary of this development.

With regulatory support and institutional adoption, RLUSD may strengthen its market position. However, future trading patterns will depend on organic demand rather than one-time events. The stablecoin’s ability to maintain traction post-IPO remains critical for sustained growth.