Ripple’s Stablecoin RLUSD Nears $900M Market Cap in Under a Year

Ripple’s RLUSD stablecoin is nearing a market capitalization of $900 million, according to the company’s latest October independent attestation ￰0￱ figure has more than doubled in just three months, climbing from $400 million in ￰1￱ less than a year ago, RLUSD is pegged 1:1 to the US dollar and backed by deposits, short-term US Treasuries, and other cash equivalents, offering stability and security to users. Ripple’s RLUSD Growth Over $1.5 million in renewed University Blockchain Research Initiative (UBRI) grants have already been funded entirely in ￰2￱ last week, Brale, a platform that allows businesses to issue USD-backed stablecoins, integrated with the XRP Ledger (XRPL) to enable settlement in ￰3￱ thereafter, Ripple also completed the acquisition of prime brokerage firm Hidden Road in a $1.25 billion deal, which will now operate as Ripple ￰4￱ firm’s clients are reportedly using RLUSD as collateral or holding their balances in the ￰5￱ updates were shared by Jack McDonald, Senior Vice President of Stablecoins at ￰6￱ reported by CryptoPotato , VivoPower International PLC’s electric vehicle subsidiary, Tembo e-LV, began accepting payments in RLUSD in ￰7￱ main objective behind the move is to streamline international payments by addressing long settlement times and high costs often associated with traditional wire ￰8￱ to Tembo, transactions made with the stablecoin can be completed almost instantly and at a fraction of the cost of conventional ￰9￱ company expects the shift to RLUSD to improve operational efficiency, reduce transaction costs, and expand its treasury options within the decentralized finance (DeFi) ￰10￱ decision to use RLUSD instead of Ripple’s more established cryptocurrency, XRP, has prompted curiosity among ￰11￱ the company did not clarify its reasoning, the choice likely stems from RLUSD’s price stability, which makes it more suitable for payment and settlement use cases compared to XRP’s ￰12￱ and XRP Can Coexist Alexis Sirkia, Captain of the Yellow Network, recently said that he views Ripple’s RLUSD as a complement, and not a rival, to ￰13￱ to him, the stablecoin acts as a “liquidity amplifier,” which could support XRP’s role rather than competing with ￰14￱ explained that RLUSD’s integration within the US banking system gives it the compliance and infrastructure needed to function as a reliable settlement layer for ￰15￱ RLUSD activity grows, so does the demand for XRP as a bridge asset within the XRP Ledger (XRPL) ￰16￱ noted that the stablecoin is already being used in African markets through payment platforms like Chipper Cash and Yellow Card and is facilitating real-time swaps with tokenized money market ￰17￱ expanding institutional engagement, including ETFs, and RLUSD’s broader integration, Sirkia expects transaction volumes across the network to accelerate and thereby strengthen the link between traditional financial systems and decentralized finance.