Ripple’s RLUSD Stablecoin Surges Past $170M, Eyes Top 5 Spot in 2025

Ripple’s USD-backed stablecoin, RLUSD, is gaining strong momentum, with its February attestation report revealing rapid growth. According to Jack McDonald, SVP of Stablecoins at Ripple, RLUSD’s market cap has exceeded $170 million, surpassing internal expectations. Launched in December 2024, RLUSD is now listed on multiple major platforms including Bitstamp, Uphold, MoonPay, CoinMENA, Archax, Bitso, Bullish, Mercado Bitcoin, Independent Reserve, and Zero Hash. The latest additions include LMAX, with more exchange listings expected soon.

In addition to centralized exchange support, RLUSD is seeing increased adoption in decentralized finance (DeFi), where it's being used in liquidity pools. It’s also gaining traction in the non-profit sector, where NGOs are leveraging it to streamline cross-border donations. Minting activity has resumed, with 17 million RLUSD tokens minted at the Treasury in the past 24 hours alone.

Ripple executives remain bullish on RLUSD’s future. McDonald reiterated a bold forecast originally shared by Ripple CEO Brad Garlinghouse—that RLUSD will become one of the top five global stablecoins by the end of 2025. Garlinghouse previously shared this prediction in a Bloomberg interview, shortly after the SEC dropped its appeal in the ongoing Ripple case. He also emphasized that the broader stablecoin market is set for significant expansion this year.

With a growing number of use cases, rapid exchange adoption, and strategic positioning, RLUSD is poised to be a major player in the stablecoin ecosystem. As Ripple continues to build momentum and investor confidence strengthens, RLUSD could soon challenge long-time leaders like USDT and USDC in both utility and market share.