RLUSD Stablecoin Sees 95% Volume Spike as Ripple Ecosystem Heats Up

Ripple’s RLUSD stablecoin is making waves again, with a sharp 95.14% surge in daily trading volume, reaching $45.1 million in 24 hours, according to CoinMarketCap. Despite this jump, RLUSD’s market cap remains steady at $294 million, making the spike in activity notable for a stablecoin. With a volume-to-market cap ratio of 15.3%, the move raises questions in a typically quiet sector.

This isn’t the first time RLUSD has seen such swings. Back on April 9, the volume hit $101 million after hovering near $13 million days earlier. These jumps suggest periodic bursts of activity rather than consistent growth, hinting at underlying factors yet to be made public.

Launched less than six months ago, RLUSD has already secured a spot in the top 10 USD-pegged stablecoins by trading volume. That puts it ahead of PayPal’s PYUSD, which recorded $44 million in volume, despite being on the market longer. RLUSD’s rapid rise highlights growing adoption and market confidence in Ripple’s broader ecosystem.

Ripple’s ongoing XRP unlocks and liquidity injections through RippleNet and On-Demand Liquidity (ODL) could be influencing RLUSD’s momentum. While direct links are speculative, the correlation is strong enough to draw attention. In a space where stablecoins rarely make headlines, RLUSD stands out for doing exactly what it’s supposed to—just with more speed and volume than usual.

As investors chase volatility and market-moving headlines, RLUSD’s surge reminds us that even stablecoins can see dynamic shifts, especially when backed by a blockchain heavyweight like Ripple. Whether it’s market mechanics or ecosystem synergy, RLUSD is proving it’s more than just another dollar peg.