- RLUSD’s February attestation highlighted the stablecoin’s achievements.
- Crypto experts were impressed by RLUSD’s recent growth.
- RLUSD needs a 13x growth to become a top 5 stablecoin.
Ripple’s stablecoin, RLUSD, recently caught attention following positive growth metrics detailed in its February monthly attestation report. That report showed RLUSD’s market cap reached approximately $170 million.
This figure reportedly surpassed internal projections at the crypto custodian Standard Custody, prompting its CEO to forecast that RLUSD could potentially become a top 5 stablecoin by market cap by the end of 2025. Analysts now assess the factors supporting this potential growth trajectory.
What Factors Support RLUSD’s Growth Trajectory?
Several elements could contribute to RLUSD’s expansion, according to analysis shared by the Standard Custody CEO. The stablecoin is now available on additional exchanges, citing LMAX Group as one example providing wider accessibility.
Related: RLUSD Takes Off on XRP Ledger as USDT Faces Europe Delistings
RLUSD has also found utility within Decentralized Finance (DeFi) liquidity pools. Also, Non-Governmental Organizations (NGOs) like DIVA Donate and Mercy Corps Ventures reportedly use the stablecoin to streamline their charitable giving operations, demonstrating real-world adoption.
How Far Must RLUSD Climb to Reach the Top 5?
For RLUSD to break into the top 5 stablecoin rankings by the end of 2025, it faces a significant climb. It would need to surpass the market capitalization of the current fifth-ranked stablecoin, FDUSD. At the time of writing, FDUSD’s market cap stood around $2.59 billion, based on CoinMarketCap data.
RLUSD, meanwhile, ranked 12th with a market cap near $194 million. This difference implies RLUSD requires roughly 13-fold growth over the next nine months to overtake FDUSD’s current size (assuming FDUSD itself experiences no major growth). The dominant stablecoins USDT, USDC, DAI, and USDe currently occupy the top four positions.
Related: Federal Reserve Explores Ripple’s RLUSD Stablecoin for FedNow Payment System
RLUSD operates as a US dollar-pegged stablecoin supported by both the XRP Ledger and Ethereum blockchains. According to Ripple, it is fully backed by reserves of cash and cash equivalents, making each RLUSD token redeemable 1:1 for US dollars through approved channels. Its potential ascent into the top tier depends heavily on continued adoption, expanding use cases, and favorable market conditions.
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