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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 is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. 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 may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
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