Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ripple’s RLUSD Stablecoin Surpasses $500M in Market Cap

Ripple’s RLUSD Stablecoin Surpasses $500M in Market Cap

CryptotimesCryptotimes2025/07/09 13:55
By:LuqmanGopal Solanky

Ripple’s dollar-pegged stablecoin RLUSD has crossed a key milestone of $500 million market capitalization. This notable traction comes only within seven months of its launch while marking a solid foothold for Ripple in the fast-growing stablecoin sector.

The achievement for RLUSD came late on July 8 as steady minting and exchange demand pushed RLUSD’s circulating supply past 500 million tokens amid discussions around regulating stablecoins in the U.S.

Latest data from CoinMarketCap show about 501 million RLUSD in circulation, valuing the stablecoin’s market cap at roughly $501 million and placing it 108th among all crypto assets by market size.

Ripple’s RLUSD Stablecoin Surpasses $500M in Market Cap image 0 Ripple USD (RLUSD) Market Cap — Source: CoinMarketCap

Ripple unveiled RLUSD in December 2024, stating every token was fully backed by cash, short-term US Treasuries, and other cash equivalents held in segregated accounts. The firm also pledged monthly reserve attestations by an independent auditor. 

RLUSD’s growth accelerated after April, when it was added to Ripple Payments for enterprise transfers and, more recently, after Ripple struck an on-ramp deal with bank-as-a-service provider OpenPayd. On-chain data showed more than 16 million fresh tokens have minted since July 1, helping lift its total value over the symbolic threshold. 

Analysts say this jump, while small beside giants USDT and USDC, signals rising appetite for fully audited and compliant alternatives. Whether RLUSD can hold its new level remains to be seen as it depends on further exchange listings and the outcome of the US stablecoin legislation now working through Congress.

Follow The Crypto Times on Google News to Stay Updated!
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Mars Weekly | CARDS market cap surpasses $650 million, reaching a record high; probability of a 50 basis point Fed rate cut in September is 6.6%

Ethereum Foundation has released an end-to-end privacy roadmap, focusing on three main areas: privacy writing, reading, and proof, and plans to launch the experimental L2 PlasmaFold. CARDS market cap hits a record high, and pump.fun's live stream numbers have surpassed Rumble. The Shibarium cross-chain bridge suffered an attack, resulting in a loss of $2.4 million. Summary generated by Mars AI. The accuracy and completeness of this summary generated by the Mars AI model are still in the iterative update stage.

MarsBit2025/09/14 20:20
Mars Weekly | CARDS market cap surpasses $650 million, reaching a record high; probability of a 50 basis point Fed rate cut in September is 6.6%