Ripple’s RLUSD: A Billion-Dollar Baby in Just 365 Days?! 🚀

Let’s talk about Ripple USD, or RLUSD, which has somehow managed to grow its market cap to a cool $1 billion in less than a year. For context, that’s about the same time it takes most of us to decide whether to eat cereal for dinner. 🥣

Launched in December 2024, RLUSD isn’t just a flash in the pan-it’s a firework in a gas station. Its year-to-date growth? A dizzying 1,278%. If you blinked, you missed it. 😬

And just like a toddler who’s learned to count to 10, RLUSD hit $1 billion last week. A few days earlier, it was chilling at $900 million, probably eating snacks and watching cartoons. 🍿

Ripple, ever the optimist, took to X to gloat: “With Ripple Prime, GTreasury, and Rail now joining the effort, RLUSD and XRP will drive faster, efficient and compliant settlement worldwide.” Translation: “We’re going to make finance less boring.” 🚀

10th Largest US Dollar Stablecoin (But Who’s Counting?)

While RLUSD isn’t quite in the same league as Tether’s USDt ($183 billion) or Circle’s USDC ($75 billion)-the Goliaths of the stablecoin world 🐉-it’s still managed to elbow its way into the top 10. That’s like being the kid who shows up to a party hosted by celebrities and still gets a slice of pizza. 🍕

At the moment, RLUSD’s daily trading volume sits at $174 million, which is enough to make PayPal USD and Dai blush. 😅

Originally marketed as an “enterprise-focused” stablecoin, RLUSD has somehow become the new BFF of retail users. Thanks to platforms like Transak and wallets like Xaman, it’s like the TikTok influencer of stablecoins-suddenly everywhere. 📱

Ethereum-based RLUSD still leads the pack with an 80% share, while XRP Ledger-based RLUSD is playing catch-up at 20%. It’s like a sibling rivalry, but with blockchains. 😅

All this came as Ripple announced a new OTC expansion, including digital asset spot prime brokerage for US markets. Because why settle for one revenue stream when you can have a dozen? 💸

The move followed Ripple’s acquisition of Hidden Road, a crypto-friendly prime broker, for $1.25 billion. That’s like buying a goldfish and calling it a financial strategy. 🐟

2025-11-04 17:55

10th Largest US Dollar Stablecoin (But Who’s Counting?)

Read More