XRP Stablecoin RLUSD Nears $500M Milestone

XRP continues to make waves in the crypto landscape as Ripple’s USD-backed stablecoin, RLUSD, edges closer to an impressive $500 million market capitalization. Just a single issuance separates the digital asset from reaching this symbolic landmark, reinforcing Ripple’s growing dominance in the financial technology sector.

The rapid ascent of RLUSD has been fueled by a surge in new token issuance, with 16 million more units minted within the past 24 hours. This brings the total supply of RLUSD to approximately 485.24 million—nearly touching the half-billion mark. Significant inflows are bolstering its momentum, evident through spikes in trading volume and increased interest from the banking and fintech sectors.

Official data confirms that RLUSD’s 24-hour trading volume soared by 8.13%, climbing to $40.71 million. During this same period, its market cap jumped by 3.43%, reaching about $485.33 million. Such growth positions RLUSD side by side with other top stablecoins like TrueUSD, and it’s nearing the ranks of the top 100 crypto assets globally.

One notable development in RLUSD’s expansion was revealed through a tweet from Ripple Stablecoin Tracker, highlighting that 16 million RLUSD were recently minted. This shows Ripple’s commitment to scaling up supply in line with growing demand.

Adoption of RLUSD is also accelerating on the institutional front. Swiss-based financial institution AMINA has become the first regulated entity to offer both custody and trading of RLUSD. By targeting institutional investors, this initiative underlines the stablecoin’s alignment with real-world financial infrastructure and compliance standards.

Moreover, Ripple has forged a strategic partnership with digital payment provider OpenPayd. This collaboration aims to integrate RLUSD more broadly into global payment ecosystems, further reinforcing its utility and reach across fintech platforms.

RLUSD’s rise is a pivotal part of Ripple’s broader plan to lead the institutional payments industry. The stablecoin was launched as a complement to XRP, the fintech giant’s native crypto asset. Since its debut in April, RLUSD has gained considerable traction. It is now embedded within RippleNet, the enterprise blockchain-based payment solution, and has received regulatory approval from the Dubai government. By June, its market cap had already surpassed the $300 million threshold.

Ripple’s expanding ecosystem shows no signs of slowing down. Circle has added support for a Ripple-based version of USDC, and new regional partnerships are consistently being announced. This increasingly interconnected network of blockchain partnerships and institutional stakeholders signifies a robust and scalable financial model centered around XRP and RLUSD.

Given the current growth rate and inflow of capital, it’s highly likely that RLUSD will cross the $500 million milestone imminently. The pace at which the market cap is climbing suggests that this achievement could be realized within just a few days, further validating Ripple’s aggressive push into the stablecoin market and institutional finance sector.

Related: Expert Advice: Sell XRP If You’re Confused

As Ripple continues to drive innovation and adoption of digital assets, RLUSD’s rapid rise is a strong indicator of the company’s strategic foresight and the increasing trust being placed in its ecosystem by institutions and investors alike.