Ripple’s RLUSD Stablecoin Reaches $1 Billion Valuation
RippleUSD has surpassed $1.025 billion in market cap, becoming the 11th largest stablecoin globally, signaling its accelerated adoption in the digital payment ecosystem.
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Summary
RippleUSD (RLUSD), Ripple’s USD-pegged stablecoin launched in December 2024, has reached a market capitalization of $1.025 billion, breaking the $1 billion threshold for the first time. RLUSD is now ranked the 11th largest stablecoin worldwide. Issued under a New York trust charter by Standard Custody, it is backed by dollar deposits and U.S. Treasuries and operates on Ethereum and the XRP Ledger. This milestone reflects strong market demand and expanding adoption across blockchain networks.
Terms & Concepts
- Stablecoin: A cryptocurrency pegged to a stable asset, such as the U.S. dollar, to reduce price volatility.
- RLUSD: Ripple’s U.S. dollar-pegged stablecoin designed for cross-border payments and blockchain transactions.
- XRP Ledger: A decentralized blockchain developed by Ripple, designed for fast transactions and supporting various assets including XRP and RLUSD.