Ripple’s RLUSD Stablecoin Growth: A Market Leader Emerges
In June, Ripple‘s stablecoin, RLUSD, achieved a 47% growth in supply, making it the fastest-growing major stablecoin. This increase brought its total circulation to $455 million, up from just over $300 million the previous week. RLUSD combines Ripple‘s technology with the stability of a dollar-backed asset, establishing its position in the digital currency market.
Ethereum: The Preferred Platform for RLUSD
Most of RLUSD‘s supply is on Ethereum, with about $390 million of the total $455 million. According to Token Terminal, this represents a nearly fourfold increase since January. Ethereum‘s liquidity and DeFi integration make it the top choice for RLUSD users.
- Ethereum hosts $390 million of RLUSD
- Nearly fourfold growth since January
- Preferred for DeFi and exchange listings
Interoperability: A Strategic Advantage for RLUSD
Ripple supports RLUSD across multiple blockchains, including its native XRP Ledger, which holds around $65 million. This approach enhances RLUSD‘s utility and aligns with the industry’s move toward cross-chain functionality.
Regulatory Progress Strengthens RLUSD
The GENIUS Act in the U.S. has provided clearer rules for stablecoins. Ripple‘s resolution with the SEC and approval from the Dubai Financial Services Authority have bolstered RLUSD‘s credibility and market presence.
RLUSD in the Competitive Stablecoin Market
While USDT and USDC dominate the stablecoin market, RLUSD‘s rapid expansion reflects growing demand for compliant, flexible, and globally accessible stablecoins. Ripple‘s focus on legal clarity and cross-chain support has been key to its success.
