Well, well, well. Look who’s just casually strolled past the $500 million mark 🚀. Ripple USD stablecoin (RLUSD) has achieved this feat in a mere seven months since its debut on the cryptocurrency market. We’re not saying it’s a big deal or anything, but U.Today did predict this might happen, and, well, here we are 🤔.
The Expansion Continues…
According to CoinMarketCap data, RLUSD now has a circulating supply of 501.24 million. Its market capitalization has also increased by 3.28% to $501.21 million. Not bad for a stablecoin that’s still relatively new to the game 🎉. It’s worth noting that the stablecoin market is dominated by industry giants like Tether (USDT) and Circle (USDC), but RLUSD seems to be holding its own.
This development means RLUSD has joined the elite top 20 ranked stablecoins on the market. It’s a sign that crypto market participants are adopting the asset, despite the presence of other notable options like USDT 🤝. Recently, Switzerland’s AMINA Bank became the first bank to provide support for RLUSD, offering trading services and custody to its clients. This news triggered a 20% uptick in volume for the asset and likely contributed to RLUSD breaching the $500 million milestone 📈.
Ripple has also collaborated with OpenPayd, a London-based financial services platform, to offer scalable payment solutions and increase access to cross-border payments 🌎. It’s all about expanding RLUSD’s utility and making it more appealing to users.
The Road to $1 Billion?
Given the partnerships and expansionary moves by Ripple, it’s likely that RLUSD will continue to grow at a rapid pace 🚀. Users in the space believe that RLUSD could accelerate toward the $1 billion milestone in the first quarter of 2026, or maybe even sooner 🤞. The incoming GENIUS Act in the U.S. will establish a federal framework for stablecoins and enhance consumer protection, creating a favorable regulatory environment for RLUSD’s growth 📊.
It’s worth noting that this push toward the $1 billion mark aligns with Brad Garlinghouse’s vision, as he declared that RLUSD is set to compete with the likes of USDT and USDC 💪. We’ll just have to wait and see if RLUSD can indeed go bonkers and reach the $1 billion milestone 🤯.
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2025-07-09 15:54