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Jakarta, Pintu News – Ripple USD (RLUSD) recently reached a significant milestone with its market capitalization surpassing $1 billion. This is a significant achievement considering RLUSD was launched less than a year ago. The stablecoin, which is minted on Ethereum (ETH) and XRP Ledger, now has a total supply of 1.02 billion according to data from CoinMarketCap.
Ripple USD (RLUSD) has established itself as the stablecoin with the largest market capitalization on the XRP Ledger. This achievement was announced by Ripple via social media, marking the rapid growth of RLUSD since its global debut in December 2024. Jack McDonald, SVP of stablecoins at Ripple, expressed pride in the team that has worked hard to achieve this milestone.
Monica Long, President of Ripple, also recognized and praised the efforts of the stablecoin team. In a tweet, Long expressed her delight at this success and appreciated the team’s tireless dedication. This demonstrates Ripple’s commitment to continue advancing innovation in the use of stablecoins in the global market.
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With the acquisition of Hidden Road which is now Ripple Prime, Ripple plans to expand the utility and reach of RLUSD. The stablecoin is already being used as collateral in some major brokerage products, and some derivatives customers are holding their balances in RLUSD. This indicates growing trust and adoption among institutional users.
Ripple Prime has launched digital asset prime brokerage capabilities in the US, allowing clients to conduct spot OTC transactions across digital assets and stablecoins, including Ripple (XRP) and RLUSD. In late October, RLUSD was successfully listed on Bitpanda, Europe’s leading retail broker for the purchase and sale of cryptocurrencies, with more exchange listings expected in the future.
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Ripple points out that this $1 billion milestone is just the beginning of RLUSD’s long journey. With support from Ripple Prime, GTreasury, and Rail, it is expected that RLUSD and Ripple (XRP) will drive faster, efficient, and compliant settlements around the world. This signals a new era in the use of stablecoins for more secure and transparent global transactions.
The ability to innovate and adapt to market needs has made Ripple and RLUSD key players in the digital finance ecosystem. By continuing to innovate and expand its reach, RLUSD is expected to continue to grow and play an important role in the world of digital finance.
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