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Ripple’s RLUSD Surges Past US$1 Billion Market Cap, Cementing Its Place Among Top Stablecoins
- Ripple’s RLUSD stablecoin reached US$1.027 billion in market capitalisation, achieving 1,278% growth since the start of the year.
- The stablecoin is fully backed 1:1 with US Treasury bills, government money market funds, and FDIC-insured deposits, with monthly attestations overseen by the Bank of New York Mellon as primary custodian.
- Ripple has strengthened RLUSD’s position through strategic partnerships with Ripple Prime, GTreasury, and Rail, alongside launching a US spot prime brokerage service following the US$1.25 billion acquisition of Hidden Road.
Ripple’s RLUSD has reached a major milestone, topping US$1 billion (AU$1.53 billion) in market capitalisation less than a year after its December 2024 launch. According to data from CoinGecko and CryptoQuant, RLUSD now holds a market value of about US$1.027 billion (AU$1.57 billion), marking 1,278% growth since the beginning of the year.
Issued by Standard Custody & Trust Company under the New York Department of Financial Services, RLUSD operates across both Ethereum and the XRP Ledger. Of the total supply, roughly US$819 million (AU$1.26 billion) resides on Ethereum, while US$203 million (AU$311 million) circulates on the XRP Ledger. Daily trading volumes stand at around US$174 million (AU$266 million), placing it close to peers such as PayPal USD and Dai.
Related: Ripple’s RLUSD Stablecoin Hits $600M Market Cap, as XRP Leads Market Rally
Building a Trusted Framework
Ripple’s expanding partnerships have fuelled the stablecoin’s momentum. Collaborations with Ripple Prime, GTreasury and Rail are designed to strengthen global settlement efficiency. The Bank of New York Mellon serves as primary custodian of non-cash reserve assets, while monthly attestations confirm RLUSD’s full 1:1 backing through US Treasury bills, government money market funds, and FDIC-insured bank deposits.
Ripple also launched a US spot prime brokerage service in November 2025, following the US$1.25 billion (AU$1.91 billion) acquisition of Hidden Road. This platform allows institutional clients to execute digital asset transactions, including XRP and RLUSD, across multiple markets.
RLUSD’s expansion extends beyond institutional finance. Non-profit organisations such as World Central Kitchen and Water.org use the stablecoin to move humanitarian funds globally within seconds. The combination of institutional support, regulatory oversight, and real-world utility has cemented RLUSD’s position among the top ten US dollar–pegged stablecoins.
Related: Ripple Makes $1B Move: Acquires GTreasury to Supercharge Blockchain Treasury Management
Author
Rachel Lourdesamy
Rachel is a freelance writer based in Sydney with experience within financial services, marketing, and corporate communications in the APAC region. An avid reader and a graduate of the University of Sydney, she covers topics including business, finance and human interest.
