Ripple's RLUSD Stablecoin Hits $293M Market Cap Amid Surging Adoption

Ripple’s U.S. dollar-pegged stablecoin, RLUSD, has soared to a $293 million market cap since launching in mid-December 2024, according to CoinMarketCap. The asset’s 24-hour trading volume sits at $36.12 million, reflecting rapid institutional adoption. RLUSD has been fully integrated into Ripple Payments, enhancing its utility for cross-border transactions by improving speed, cost-efficiency, and reliability—core benefits that set it apart from retail-focused stablecoins.

Unlike most USD-backed tokens, RLUSD targets enterprise-level use, and its adoption continues to expand across both crypto and traditional financial markets. Since launch, RLUSD has surpassed $10 billion in cumulative trading volume and has gained listings on major platforms including LMAX Digital, Bitstamp, Bullish, Zero Hash, and most recently, Kraken.

Ripple is actively promoting RLUSD’s global utility by forging partnerships, such as its recent collaboration with Mercy Corps Ventures and DIVA Donate. This initiative aims to deliver blockchain-powered financial aid in Kenya, where RLUSD is being used as a payout token triggered by satellite-monitored drought data. The pilot underscores RLUSD’s potential in real-world, impact-driven applications.

Meanwhile, XRP, Ripple’s native token, is also showing strength. Following a recent pro-crypto guidance from the SEC, XRP jumped 6% in one day, reaching $2.16 and pushing its market cap to $126 billion. This reflects growing investor optimism, especially as the SEC clarified that some stablecoins, like RLUSD, may not be classified as securities—boosting sentiment around Ripple’s legal battles.

With expanding enterprise use cases and mounting trading volume, RLUSD is positioning itself as a dominant force in the stablecoin market, while Ripple continues to bridge traditional finance with blockchain-powered innovation.