Ripple Achieves $2 Billion Market Cap for RLUSD Stablecoin
Ripple’s dollar-pegged stablecoin, RLUSD, has surpassed a market capitalization of $2 billion. Over half—more than $1 billion—is issued on the XRP Ledger, according to Ripple's senior vice president Jack McDonald. This milestone highlights Ripple's strategy to position RLUSD as settlement infrastructure for tokenized finance and lending rather than just an exchange-traded asset. Ripple is expanding its ecosystem by investing in companies like ZILO and Licuido to enhance digital financial infrastructure on the XRP Ledger. The company also launched initiatives with Clearpool, Cicada Credit, and a Kenya-based project aimed at improving small-business access to credit and insurance using RLUSD. These efforts aim to drive institutional adoption of the stablecoin as a settlement tool. While McDonald acknowledged the significance of reaching $2 billion in market cap, he emphasized that this is just one metric among many. Growth has been partly driven by exchange incentives like Bybit’s Hold and Earn program rather than sustained payment demand.
Topics: Ripple RLUSD stablecoin XRP Ledger