Ripple’s RLUSD Stablecoin Reaches $500M Market Cap Through Transak Integration
Ripple‘s RLUSD stablecoin has surpassed $500 million in market capitalization just seven months after launch, demonstrating rapid adoption in the cryptocurrency sector. This milestone follows its strategic integration with Transak, a leading global payment infrastructure provider for digital assets.
Global Expansion Through Payment Partnerships
The Transak integration makes RLUSD accessible to 8.3 million users across 64 countries through multiple fiat on-ramps. Users can now acquire RLUSD via major payment methods including Apple Pay, Google Pay, and traditional bank transfers, supported by popular wallets like MetaMask and Coinbase Wallet.
Regulatory-Compliant Growth Strategy
Developed over three months to ensure full regulatory compliance, this integration covers key markets including the United States, UK, and EU. Transak plans to introduce fiat off-ramp capabilities in 2025 to enable complete payment functionality.
Institutional Adoption Accelerates
The appointment of BNY Mellon as primary custodian for RLUSD reserves signals growing institutional confidence. “Our custody solution supports the evolving needs of institutional participants in digital assets,” said Emily Portney, BNY Mellon’s Global Head of Asset Servicing.
Market Performance Highlights Demand
RLUSD has shown remarkable growth since June, with its market capitalization increasing by $200 million (62%) according to CoinGecko data. This performance reflects strong market demand for enterprise-grade stablecoin solutions.
