Ripple’s RLUSD Stablecoin Hits $1 Billion Market Cap in 2025
The USD-pegged stablecoin RLUSD, issued by Ripple, surpassed $1 billion in market capitalization in early November 2025, less than a year after its launch. Key factors for this growth include institutional adoption and humanitarian partnerships.
- RLUSD became the 10th largest USD-pegged stablecoin by market cap.
- Recorded 1,278% growth year-to-date.
- Total value: $1.02 billion, with $819.7 million on Ethereum and $203 million on the XRP Ledger.
- 38,166 holders and $5.05 billion in monthly transfer volume.
- Daily trading volume reached $174 million.
Additional Insights
- Issued by Standard Custody & Trust Company under New York Department of Financial Services supervision.
- Operates on Ethereum and XRP Ledger networks.
- Reserves include US Treasury bills, government money market funds, and FDIC-insured bank deposits, with a reported $908.5 million in circulating RLUSD against $950.9 million in reserve funds as of Oct. 30, 2025.
- Maintains a 103% reserve buffer through a 3% initial buffer and daily variation adjustments.
Institutional and Humanitarian Adoption
- Ripple launched a US spot prime brokerage following the acquisition of Hidden Road.
- Non-profit organizations like World Central Kitchen and Water.org use RLUSD for cross-border aid payments.
- Growth follows Ripple's $1 billion XRP buyback plan announced in October 2025.